Home / Knowledge / News / Apparel/Garments / Ascena names Kate Buggeln lead independent director

Ascena names Kate Buggeln lead independent director

07
Oct '18
Courtesy: Ascena Retail
Courtesy: Ascena Retail
Ascena retail, a specialty retailer of apparel, shoes, and accessories for women under the Premium Fashion segment, Value Fashion segment, Plus Fashion segment, and for tween girls under the Kids Fashion segment, has named Kate Buggeln as lead independent director and Carrie W Teffner as member of board of directors. Meanwhile, Randy L Pearce has retired.

Buggeln, a current member of ascena’s board, succeeds Pearce as lead independent director. Buggeln has been a member of ascena’s Board since 2004. She is currently chair of ascena’s Leadership and Corporate Governance Committee and also serves on its Audit Committee. In her added capacity as lead independent director, Buggeln will preside at executive sessions of the independent directors and serve as liaison between the independent directors and the chairman of the board.

Buggeln is a business growth advisor and strategist. She was a senior advisor with Irving Place Capital, , from 2012 to 2018. Prior to joining Irving Place Capital, Buggeln was senior vice president of Strategy and Business Development for Coach, where she led strategies to maximise franchise momentum and enter new categories and markets. She also spent many years as a retail consultant at LakeWest Group and Coopers & Lybrand, where she advised retail companies on business strategy, operations, e-commerce and supply chain.

“We are grateful for Randy’s leadership over the past 13 years,” said David Jaffe, chairman and chief executive officer of ascena retail group. “We are thrilled to have Kate assume this new lead role. Her background in strategic planning, marketing and new business development has been invaluable to us. That expertise, combined with Kate’s deep knowledge of ascena, will serve us well moving forward.”

“I am incredibly proud that ascena's independent directors have asked me to serve in this role,” said Buggeln. “I look forward to leveraging their considerable talents, my board history and knowledge in service of our stockholders.”

Teffner, currently executive vice president Finance and Strategic Projects of Crocs, will assume Pearce’s role as chair of the Audit Committee, and as a member of the Compensation and Stock Incentive Committee.

Teffner is a tenured retail executive with an extensive 30-year background in strategy and operations. At Crocs, she has led a company-wide transformation to improve quality of revenue and profitability. Prior to joining Crocs in 2015, Teffner served as EVP and CFO at both PetSmart, and Weber-Stephen Products. Previously, she served as senior vice president and CFO at Timberland and spent 21 years at Sara Lee Corporation in a variety of senior leadership roles

“We are pleased with the expertise that Carrie brings to ascena, and how well both she and Kate complement our board membership,” said Jaffe. “As an organisation that serves women and girls, having a board that is representative of our customer and associate base is critical. We believe that boards with gender diversity outperform in terms of profitability, governance and teamwork. With this appointment, we are proud that six of our 11 board members are women.”

“I am honoured to join ascena’s talented and diverse board and I look forward to leveraging my experience with leading consumer brands to deliver value to ascena’s shareholders,” said Teffner. (SV)

Fibre2Fashion News Desk – India


Must ReadView All

New EU rules for a fairer online economy apply from Jul 12

E-commerce | On 11th Jul 2020

New EU rules for a fairer online economy apply from Jul 12

The European Commission recently published a set of resources to help ...

Pic: Inditex

Retail | On 11th Jul 2020

Inditex to invest €2.7 billion for 2020-2022 plan

Inditex, a Spanish fashion retailer, has announced that to accelerate ...

Pic: Shutterstock

E-commerce | On 11th Jul 2020

ING Bank launches fashion marketplace in Romania

ING Bank, the fourth-largest bank by assets in Romania, launched its...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

It will take some time for the people to change their buying choices

Viral Desai, Zenitex Mill Pvt Ltd

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Top executives, Machinery Company

Top executives
Machinery Company

We will promote latest technologies at ITMA Barcelona

Tom,

Tom

<div>Inkbank is a leading supplier of inkjet inks and inkjet printing...

Harssh Chheda,

Harssh Chheda

Mumbai-based Corporate Collars provides bespoke tailoring services for...

Michael Van Den Dolder,

Michael Van Den Dolder

Family-owned German textile machinery manufacturer Trützschler operates...

Giulio Cesareo, Directa Plus

Giulio Cesareo
Directa Plus

UK-based Directa Plus is one of the largest producers and suppliers...

Thomas Ong P S, NanoTextile

Thomas Ong P S
NanoTextile

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Mr Ambrose Chan, DSG International (Thailand) PLC

Mr Ambrose Chan
DSG International (Thailand) PLC

Aneeth Arora, Péro

Aneeth Arora
Péro

The Woolmark Company has partnered with handmade fashion label Péro and...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

Joe Ikareth, Joe Ikareth

Joe Ikareth
Joe Ikareth

<b>Joe Ikareth</b> has a rock-solid fashion and textiles background, which ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


July 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search