Destination Maternity Corp, the world’s leading maternity apparel retailer, has appointed Greg Kleffner to the board of directors, effective March 29, 2019. Kleffner brings over 17 years of public company leadership experience following a 25-year career with Arthur Andersen. He will be a member of the firm’s audit and compensation committees.

In conjunction with the appointment of Kleffner, current board member Andrea J Funk has resigned to pursue other interests, effective March 28, 2019, and current board member Lisa Gavales, has been named chairman of the firm’s nominating & corporate governance committee, effective March 28, 2019, said a media statement by Destination Maternity.

Kleffner was previously the executive vice president and chief financial officer of Stein Mart, a publicly-traded apparel retailer headquartered in Jacksonville, Florida, which he joined in August 2009 and retired from in January 2019. At Stein Mart, he was responsible for financial management, treasury, investor relations, credit card operations, internal audit, stores audit and asset protection. Prior to joining Stein Mart, Kleffner spent six years at Kellwood Company, a women’s apparel and soft goods marketer and manufacturer, in various finance roles including, chief financial officer from 2007 to 2008. During his tenure, Kleffner was instrumental in the strategic restructuring of the company, including the disposal of certain non-core businesses and the successful integration of several acquisitions. Prior to joining Kellwood Company in 2002, he was audit partner at Arthur Andersen LLP in St. Louis.

“We are pleased to welcome Kleffner to our board of directors,” said Anne-Charlotte Windal, Destination Maternity’s independent chair of the board of directors. “Kleffner brings with him a wealth of financial expertise and his extensive public company experience within the apparel industry will be incredibly helpful as the company continues to execute on its strategic growth initiatives. We are confident that he will add great value to our board of directors and that the company will benefit from his insights, judgment and counsel. We would also like to thank Andrea for her counsel and contributions to the Destination Maternity Board and wish her the best in her future endeavors.”

“I am excited to join the board of directors and begin working with management and the team at Destination Maternity. I am looking forward to contributing to the company’s growth and success,” said Kleffner. (PC)

Fibre2Fashion News Desk – India

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