Home / Knowledge / News / Apparel/Garments / Mr Matthias to continue as Non-Executive Chairman Mothers Work BoD

Mr Matthias to continue as Non-Executive Chairman Mothers Work BoD

30
Sep '08
Mothers Work Inc the world's leading maternity apparel retailer, announced that Dan Matthias will retire as the Company's Chief Executive Officer on September 30, 2008.

Edward (Ed) Krell, the Company's current Chief Operating Officer, was named by the Board of Directors to succeed Mr. Matthias as Chief Executive Officer, effective October 1, 2008.

Mr. Krell has also been appointed to serve as a member of the Company's Board of Directors. Mr. Matthias will continue to serve as a director of the Company and serve as non- executive Chairman of the Board, and will remain available to management in an advisory capacity through September 30, 2012.

Rebecca Matthias, the Company's President and Chief Creative Officer, will continue in her current capacity and will report to Mr. Krell.

Mr. Krell has served as a senior executive of the Company for nearly seven years, having joined Mothers Work in January 2002.

Mr. Krell served as Senior Vice President- Chief Financial Officer from January 2002 until November 2003, and served as Executive Vice President- Chief Financial Officer from November 2003 until May 2007.

In May 2007, Mr. Krell was named Chief Operating Officer & Chief Financial Officer and he served in this role until July 2008, when he was named Chief Operating Officer of the Company.

Mr. Krell, on behalf of the Board of Directors, noted, "The Board greatly appreciates Dan's contributions to Mothers Work as a co-founder from its inception as a small catalog business 25 years ago to its current position as the leader in maternity apparel.

The entrepreneurial spirit instilled in the Company by Dan and our President and co-founder, Rebecca Matthias, has been immeasurably important to the Company's growth and success.

We are appreciative that Dan has agreed to serve as our non-executive Chairman of the Board and look forward to his continued contributions to the Company.

In addition, the Board and I greatly value Rebecca's service as President and Chief Creative Officer as she continues to drive our merchandising, creative and publicity initiatives.

Ms. Matthias, on behalf of the Board of Directors, commented, "We are very pleased to announce Ed Krell's promotion to Chief Executive Officer.

Since he joined us in 2002, Ed has continually taken on more and more operational responsibility and has played a key role in devising and implementing our strategic and operational initiatives to expand our leadership position in the maternity apparel business and increase shareholder value.

Ed was instrumental in developing our strategic restructuring, announced in July 2008, to streamline our merchandise brands and store nameplates, reduce our cost structure and improve the long-term profitability of our business.

Under Ed's leadership, we will be determined to increase profitability while continuing to maintain the keen focus ongenerating cash flow which Ed has been driving.


Interviews View All

Md Hanifur Rahman, Aman Group

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Representatives, Textile & apparel industry

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Sanjay Desai & Ashish Mulani, True Colors

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Franco Ravazzi,

Franco Ravazzi

Italy-based Tessimenti E Orditi Tinti (T.O.T SRL) specialises in stocking...

Iacopo Pardini,

Iacopo Pardini

Founded in 1953, Italian engineering company Arioli Spa started...

Atul Mittal,

Atul Mittal

Established in 1997, Pratibha Syntex produces over 60 million pieces of...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, a global association of the nonwoven fabrics industry, has been...

Justin Chan & Shyam Gollakota, University of Washington

Justin Chan & Shyam Gollakota
University of Washington

A fabric that can store data without any electronics or batteries has been ...

Kazuaki Yazawa, Purdue University

Kazuaki Yazawa
Purdue University

Scientist <b>Kazuaki Yazawa</b> has developed thermoelectric semiconductor ...

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

Divvya and Nidhhi Gambhir, Walnut

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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


October 2019

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

news category


Related Categories:

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search