Chico's FAS Inc announced that Scott A. Edmonds, President and Chief Executive Officer, has been elected to serve in the additional position of Chairman of the Board.
The Board's action was taken after its vote to accept Michael Weiss' resignation, which was submitted following his appointment as Chief Executive Officer of Express, as required by the Company's policies.
The Board also voted to appoint Ross Roeder, one of the Company's seven independent directors, as Lead Director and to reduce the number of Board seats from 10 to 9.
Mr. Edmonds stated, "I am honored by this appointment and thank the Board for its confidence in me. I would also like to thank Michael Weiss for his outstanding service as our first non-executive Chair. We will miss his insight and enthusiasm and wish him well in his new position."
Mr. Weiss stated, "I have enjoyed my time serving on the Chico's FAS Board and have great respect for the Board members and the management team. I will miss the relationship but will continue following the Company."
The Company is a specialty retailer of private branded, sophisticated, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing gift items.
The Company operates 976 women's specialty stores, including stores in 48 states, the District of Columbia, the U.S. Virgin Islands and Puerto Rico operating under the Chico's, White House | Black Market and Soma Intimates names.