News Flash

Wesley Card named CEO at Jones Apparel

12 Jul '07

3 min read

Jones Apparel Group Inc announced that its Board of Directors has unanimously voted to appoint Wesley R. Card, as President and Chief Executive Officer, effective immediately. Mr. Card's appointment follows Peter Boneparth's resignation as President, Chief Executive Officer and a director of the Company. Mr. Card has also been elected to Jones' Board of Directors.

In announcing this transition on behalf of Jones and its Board, Sidney Kimmel, founder of Jones and Chairman of its Board, stated, "Wes has been a key member of our senior management team for many years, both as Chief Financial Officer and as Chief Operating Officer, and has played a critical role in setting the Company's strategic initiatives and executing against them."

"Moreover, he has demonstrated a clear understanding of our Company and industry, and a commitment to utilizing our outstanding design, merchandising and operating talent to capitalize on opportunities in the marketplace."

"I personally hired Wes in 1990 and have worked closely with him ever since; his numerous accomplishments over his career at Jones make him the natural choice to lead our Company as CEO. The Board of Directors knows Wes well and joins me in expressing its confidence in Wes's ability to lead Jones to a successful future."

Mr. Kimmel continued, "On behalf of the Board, we thank Peter Boneparth for his contributions to Jones, and wish him much success in his future endeavors. With the pending saleof Barneys New York and the previously announced decision to exit or sell certain moderate sportswear businesses, Peter and the Board agreed that this was an appropriate time to transition our leadership."

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