Mr. Chirico said, “I have worked closely with Bruce for almost two decades, both in my capacities with the company's auditor and as an executive of the company for over 13 years. I could not imagine a better role model to follow in assuming leadership of our Board of Directors and thank him on behalf of myself and the company for his advice, his long service and his impeccable leadership of our Board of Directors.” He continued,
“Henry Nasella has been an asset to our Board since he joined it in connection with our acquisition of Calvin Klein, which he was instrumental in completing in his former role at Apax Partners, our equity partner in that transaction. Henry's business acumen and understanding of the retail industry has been a welcome addition to the Board and I look forward to continue working with him in our respective new capacities to guide the direction of PVH.”
Mr. Nasella, who has been a director of the company since 2003, is a Partner of LNK Partners, a private equity investment fund. He has served on the Board's Audit Committee and currently serves as Chairman of its Compensation Committee. It is expected that he will continue in that role, as well, if he is re-elected. Prior to forming LNK Partners, Mr. Nasella was a Venture Partner of Apax Partners, an international private equity investment group.
Mr. Nasella has also served as Chairman and Chief Executive Officer of the Star Markets supermarket chain and President and Chief Operating Officer of the Staples office products superstore chain. He is also a director of Denny's Corporation, the operator of the Denny's full-service family restaurant chain.
Phillips-Van Heusen Corporation
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