Hampshire appoints two additional board members

May 02, 2008 - United States Of America

Hampshire Group Limited announced that its Board of Directors has appointed Michael S. Culang as President and Chief Executive Officer, effective immediately.

Mr. Culang was also named a member of Hampshire Group’s Board of Directors. Mr. Culang, 58, had served as Hampshire Group’s interim President and Chief Executive Officer since June 2006.

Mr. Culang joined Hampshire Group in 1998 as President of Hampshire Brands, at which time he launched a number of national men’s sweater brands, which represented the Company’s first foray into the men’s marketplace.

Mr. Culang later served as President and Chief Executive Officer of the Hampshire Designers and Hampshire Brands units, where he led the growth of Hampshire’s men’s business and the repositioning of Hampshire Designers to focus on its national brands.

Prior to joining Hampshire Group, Mr. Culang spent 22 years at Phillips-Van Heusen, where he served in a number of executive capacities including President of Somerset Knitting Mills from 1996 to 1998 and Izod Club from 1995 to 1997. Mr. Culang began his career as a retailer at Gimbel’s and Montgomery Ward.

Hampshire Group Appoints Two Additional Board Members:
In addition, the Company announced that Herbert Elish and Richard Mandell were also named new members of Hampshire’s Board of Directors. The appointment of Messrs. Culang, Elish and Mandell increases the size of Hampshire Group’s Board of Directors to eight.

Mr. Elish rejoins Hampshire’s Board of Directors, having previously served as a member from 1986 until 2000. Mr. Elish is currently the Chief Operating Officer of the College Board, a not-for-profit membership association whose programs and services include the SAT and Advanced Placement Program, and previously served in a number of executive capacities in both the public and private sectors, including as the Chairman and CEO of Weirton Steel Company.

Mr. Mandell brings more than 25 years of investment banking expertise in the retail industry. Mr. Mandell was a Managing Director of Investment Banking at Prudential Securities Incorporated where he was head of the Retail Trade Group.

Mr. Mandell currently serves as a Director and Chairman of the Audit Committee of Encore Capital Group, a purchaser of charged-off consumer receivable portfolios, and Trian Acquisition I Corp, a $920 million SPAC.