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Kenneth Reiss stands for board seat at Children's Place
25 Apr '12
2 min read
The Children's Place Retail Stores Inc. the largest pure-play children's specialty apparel retailer in North America, announced its Class III slate for the upcoming annual stockholders' meeting scheduled for June 13, 2012. Mr. Kenneth Reiss, former partner with Ernst & Young L.L.P, will stand for election to the Board, in addition to incumbent Class III director and chairman, Norman Matthews.
Mr. Reiss, 69, joined Ernst & Young in 1965, and served as a partner from 1977 until his retirement in 2003. While at Ernst & Young, he also served as managing partner for the Assurance and Advisory Practice in the firm's New York office and served as the lead auditor for several publicly traded retailers. Mr. Reiss serves on the board of directors of The Wet Seal, Inc. and Harmon International Industries, Inc.
"Ken will be a tremendous addition to The Children's Place board of directors," commented Norman Matthews, Chairman of the Board. "His deep expertise in auditing, accounting, finance and risk management, and extensive experience with retail and apparel companies, makes him a perfect fit for our board."
Mr. Reiss will qualify as an independent director within the meaning of the Marketplace Rules of the Nasdaq Stock Market, LLC.
In addition, the Company announced that incumbent directors Ms. Sally Frame Kasaks and Mr. Malcolm Elvey will not stand for re-election and will retire from the Board effective June 13, 2012. Ms. Kasaks served as a director since 2000 and Mr. Elvey served as a director since 2002.
Matthews concluded, "We appreciate Sally and Malcolm's dedicated service over the years and thank them for their many contributions."
The Children's Place is the largest pure-play children's specialty apparel retailer in North America.
Mr. Reiss, 69, joined Ernst & Young in 1965, and served as a partner from 1977 until his retirement in 2003. While at Ernst & Young, he also served as managing partner for the Assurance and Advisory Practice in the firm's New York office and served as the lead auditor for several publicly traded retailers. Mr. Reiss serves on the board of directors of The Wet Seal, Inc. and Harmon International Industries, Inc.
"Ken will be a tremendous addition to The Children's Place board of directors," commented Norman Matthews, Chairman of the Board. "His deep expertise in auditing, accounting, finance and risk management, and extensive experience with retail and apparel companies, makes him a perfect fit for our board."
Mr. Reiss will qualify as an independent director within the meaning of the Marketplace Rules of the Nasdaq Stock Market, LLC.
In addition, the Company announced that incumbent directors Ms. Sally Frame Kasaks and Mr. Malcolm Elvey will not stand for re-election and will retire from the Board effective June 13, 2012. Ms. Kasaks served as a director since 2000 and Mr. Elvey served as a director since 2002.
Matthews concluded, "We appreciate Sally and Malcolm's dedicated service over the years and thank them for their many contributions."
The Children's Place is the largest pure-play children's specialty apparel retailer in North America.
The Children's Place Retail Stores Inc
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