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Steven Madden appoints Rosenfeld Chairman, CEO
11 Aug '08
2 min read
Steven Madden Ltd, a leading designer and marketer of fashion footwear and accessories for women, men and children, announced that the Company's Board of Directors has appointed Edward Rosenfeld as Chairman of the Board and Chief Executive Officer, effective immediately. Mr. Rosenfeld previously served as interim Chief Executive Officer. Walter Yetnikoff retired as Chairman of the Board and as a director.
"The Board of Directors is very pleased that Ed has agreed to take on the role of Chief Executive Officer on a permanent basis," said Peter Migliorini, Lead Director. "Ed's strategic focus and proven track record with the Company, as well as his experience in working with the management team, make him the ideal person to lead Steven Madden Ltd.
In addition, his financial expertise and leadership qualities will allow him to guide the Company into its next phase of growth. We are confident that he will continue to successfully direct the Company going forward."
Mr. Rosenfeld commented, "Walter has been a valuable advisor to Steven Madden, Ltd. for the past three years, and we have benefited from his leadership and insight. We thank Walter for his contributions, especially during the recent management transition period, and wish him well in his future endeavors. I am grateful to the Board of Directors for the confidence and support they've demonstrated in naming me Chairman and CEO."
Edward Rosenfeld previously served as interim Chief Executive Officer and, prior to that, as Executive Vice President of Strategic Planning and Finance of Steven Madden, Ltd. He has been a member of the executive management team since joining the Company in May 2005 and has also served as a member of the Board of Directors since February 2008.
Prior to joining the Company, Mr. Rosenfeld was a Vice President in the mergers and acquisitions group at Peter J. Solomon Company, an investment banking boutique where he focused on the retail and apparel industries. Mr. Rosenfeld graduated cum laude from Amherst College.
"The Board of Directors is very pleased that Ed has agreed to take on the role of Chief Executive Officer on a permanent basis," said Peter Migliorini, Lead Director. "Ed's strategic focus and proven track record with the Company, as well as his experience in working with the management team, make him the ideal person to lead Steven Madden Ltd.
In addition, his financial expertise and leadership qualities will allow him to guide the Company into its next phase of growth. We are confident that he will continue to successfully direct the Company going forward."
Mr. Rosenfeld commented, "Walter has been a valuable advisor to Steven Madden, Ltd. for the past three years, and we have benefited from his leadership and insight. We thank Walter for his contributions, especially during the recent management transition period, and wish him well in his future endeavors. I am grateful to the Board of Directors for the confidence and support they've demonstrated in naming me Chairman and CEO."
Edward Rosenfeld previously served as interim Chief Executive Officer and, prior to that, as Executive Vice President of Strategic Planning and Finance of Steven Madden, Ltd. He has been a member of the executive management team since joining the Company in May 2005 and has also served as a member of the Board of Directors since February 2008.
Prior to joining the Company, Mr. Rosenfeld was a Vice President in the mergers and acquisitions group at Peter J. Solomon Company, an investment banking boutique where he focused on the retail and apparel industries. Mr. Rosenfeld graduated cum laude from Amherst College.
Steven Madden Ltd
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