Christopher & Banks extend contract of Joseph Pennington

27 Sep '05

2 min read

Minneapolis-based apparel store Christopher & Banks Corporation announced that Joseph E. Pennington, 59, President and Chief Operating Officer has agreed to extend his employment contract with the Company through August 31, 2006.

Thereafter, Pennington will remain with the Company as a part-time employee in an advisory role through February 28, 2008. As part of the Company's ongoing succession plan, Pennington will work with other key managers within the Company to facilitate an orderly transition of responsibilities. The Company has employed Pennington since February 1997 and his leadership has been instrumental in growing the Company from 170 stores in February 1997 to 679 stores present.

Separately, the Company announced that Ralph C. Neal, 59, Executive Vice President of Store Operations has agreed to extend his employment contract with the Company through April 30, 2006. Further, Neal will continue to work with the Company on a part-time basis through February 28, 2007. Over the next several months Neal will work closely with the Company to transition his responsibilities. Neal has been employed by the Company since July 1997 and has developed a very customer service oriented field organization.

Christopher & Banks Corporation is a Minneapolis-based specialty retailer of women's clothing. The Company currently operates 679 women's specialty stores in 45 states under the names: Christopher & Banks, C.J. Banks and Acorn. The company currently has 489 Christopher & Banks stores, 169 C.J. Banks stores and 21 Acorn stores.

Christopher & Banks Corporation

More Christopher & Banks Corporation News... More Apparel/Garments News - United States Of America...