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Founders Marvin & Helene Gralnick retire from Chico's
21 Dec '06
2 min read
Chico's FAS Inc announced that its founders, Marvin and Helene Gralnick, are retiring from their positions on the Board of Directors effective December 18, 2006. "We love this company and the Chico's family will forever be a part of our heart and soul," said Mr. Gralnick. "Although it is now time for us to step away, we look forward to following the Chico's family of brands as they continue to grow and prosper."
After receiving the Gralnicks' retirement notice, the Board of Directors voted to reduce the number of open Board seats from 11 to 8 and to appoint Michael A. Weiss to serve as its new Non-Executive Chairman. Mr. Weiss is the retired President and Chief Executive Officer of Express, a subsidiary of Limited Brands Inc, and brings to the Board over 25 years of invaluable experience in the women's specialty retail industry.
Mr. Weiss joined the Limited organization in 1981 as merchandise manager for Express, and rose to the position of President of Express serving in that capacity from 1982 to 1993. He was named Vice Chairman of Limited in 1993, and served in that post until 1997, when he resumed the position of President of Express and also became its Chief Executive Officer.
He served in that capacity from 1997 to 2004. Mr. Weiss stated, "I am deeply honored that the Board has chosen me to be its next Chairman and am excited to build on the outstanding foundation that Marvin and Helene created."
Scott A. Edmonds, President & CEO, commented, "What Marvin and Helene created here is truly amazing. Their passion and spirit will forever be embedded in our corporate culture. On behalf of the entire Chico's family, we wish them a joyous retirement; they certainly deserve it."
Mr. Edmonds continued, "I look forward to continuing to work with Michael Weiss. He is an outstanding merchant and I believe that his vision and talent will help drive the business forward for many years to come."
After receiving the Gralnicks' retirement notice, the Board of Directors voted to reduce the number of open Board seats from 11 to 8 and to appoint Michael A. Weiss to serve as its new Non-Executive Chairman. Mr. Weiss is the retired President and Chief Executive Officer of Express, a subsidiary of Limited Brands Inc, and brings to the Board over 25 years of invaluable experience in the women's specialty retail industry.
Mr. Weiss joined the Limited organization in 1981 as merchandise manager for Express, and rose to the position of President of Express serving in that capacity from 1982 to 1993. He was named Vice Chairman of Limited in 1993, and served in that post until 1997, when he resumed the position of President of Express and also became its Chief Executive Officer.
He served in that capacity from 1997 to 2004. Mr. Weiss stated, "I am deeply honored that the Board has chosen me to be its next Chairman and am excited to build on the outstanding foundation that Marvin and Helene created."
Scott A. Edmonds, President & CEO, commented, "What Marvin and Helene created here is truly amazing. Their passion and spirit will forever be embedded in our corporate culture. On behalf of the entire Chico's family, we wish them a joyous retirement; they certainly deserve it."
Mr. Edmonds continued, "I look forward to continuing to work with Michael Weiss. He is an outstanding merchant and I believe that his vision and talent will help drive the business forward for many years to come."
Chico's FAS Inc
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