Mr Richard Paradise resigns from Children's Place

30 Jul '08

2 min read

The Children's Place Retail Stores Inc announced that Richard Paradise, Chief Financial Officer and principal accounting officer, will resign from his position effective August 1 to pursue another business opportunity. Ms. Susan Riley, Executive Vice President, Finance and Administration, will reassume the role of Chief Financial Officer in addition to her other responsibilities.

"We appreciate Rich's contributions to our organization as we went through a period of significant change, including the decision to divest the Disney Store North America business," said Riley, Executive Vice President, Finance and Administration, for The Children's Place Retail Stores, Inc.

"Rich has been instrumental in helping us reduce the size of our shared services workforce to ensure that we will continue to be a highly competitive value retailer. With those actions largely behind us, Rich has decided this is an opportune time for him to explore another opportunity outside the Company. We wish him the very best in his future endeavors."

Paradise commented, "I am pleased to have been a part of the team that implemented a number of critical actions at The Children's Place in the past year which strengthened the Company for the future. The Children's Place is well-positioned as a leading value retailer and I know they will continue to be very successful. Now, I look forward to an opportunity which will allow me to take an exciting next step in my career."

The Children's Place Retail Stores Inc

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