Wet Seal names Lynda Davey as Chairman of Board

Mindy C. Meads held the position of President and Co-Chief Executive Officer of Aeropostale, Inc. from 2007 to 2010, where she reinvigorated the merchandise assortment, strengthened the fashion value equation and led the development and successful launch of "P.S.," Aeropostale's Kids Division.

Prior to this, Ms. Meads served as Chief Executive Officer of Lands' End, the apparel retailer that is now a division of Sears Holding Corporation. Prior to that time, Ms. Meads held a variety of executive merchandising and operating positions at Lands' End, Sears, Gymboree, The Limited and R.H. Macy's. She is a former director of the Federal Reserve Board for the 7th District (Chicago) and currently serves on the board of directors of Mela Sciences, Inc. and is a member of The Committee of 200, America's Women Business Leaders.

John S. Mills has served as President of SDE, a consulting firm that specializes in the retail sector, store operations and growth strategies, since 2006. From 2004 to 2006, he served as Chairman of the Board of G and G Stores Inc., a specialty retailer focused on teenage women.

Prior to this, Mr. Mills served as the President and Chief Operating Officer of Aeropostale Inc. From 1994 to 1998, he held several executive positions in operations for Federated Specialty Stores. Mr. Mills has served as a private advisor to Cerberus Capital and Rosewood Capital and currently serves on the boards of directors of Marc Ecko Enterprises, and VILLA, Inc., an apparel and footwear retailer.

Board Committee Chairmen and Members

Ms. Meads has been appointed chairman of the Nominating and Governance Committee of the Board, which includes Ms. Bronstein, Mr. Reiss and Mr. Goodman as members.

Ms. Bern has been appointed chairman of the Compensation Committee of the Board, which includes Ms. Bronstein, Mr. Mills, Ms. Davey and Ms. Meads as members.

Lastly, Mr. Reiss will continue to serve as the chairman of the Audit Committee of the Board, which includes Ms. Bern, Mr. Goodman and Mr. Mills as members.

Headquartered in Foothill Ranch, California, The Wet Seal, Inc. is a leading specialty retailer of fashionable and contemporary apparel and accessory items. As of September 29, 2012, the Company operated a total of 554 stores in 47 states and Puerto Rico, including 473 Wet Seal stores and 81 Arden B stores.

Wet Seal Inc