MAHWAH, N.J. -- (Business Wire)
Ascena Retail Group, Inc. (NASDAQ:ASNA) today announced that it has
initiated a search process for a new Chief Financial Officer and that
Dirk Montgomery, Executive Vice President and Chief Financial Officer
since January of 2013, has accepted a position with a healthcare-related
company based in Florida. Mr. Montgomery has agreed to remain through
the end of the summer; additionally, Randy Pearce, a member of Ascena’s
Board of Directors, Chair of the Audit Committee, and former Chief
Financial Officer of Regis Corporation from 1998 to 2011, will increase
his involvement in the stewardship of the Company’s finance department
during the transition.
“Dirk is a talented executive and as much as we are disappointed to lose
him, we understand the personal decision he has made to be closer to his
family,” said David Jaffe, President and Chief Executive Officer of the
Ascena Retail Group, Inc. “I believe that Dirk’s contributions,
specifically with the development of our shared service model, the
creation of our holding company structure, and the strengthening of our
financial foundation, will serve his successor well and have created
enduring value for our company and our shareholders.”
Mr. Montgomery commented, “I am pleased and grateful to have contributed
to Ascena’s rapid strategic, operational and financial progress and for
the strong ongoing relationships I’ve built with our management team and
board of directors. Ascena is a great organization with a clear vision,
direction and a talented team that I am confident will achieve its long
range goals.”
About Ascena Retail Group, Inc.
Ascena Retail Group, Inc. (NASDAQ:ASNA) is a leading specialty retailer
offering clothing, shoes, and accessories for missy and plus-size women
under the Lane Bryant, Cacique, maurices, dressbarn
and Catherines brands; and for tween girls and boys, under
the Justice and Brothers brands. Ascena Retail Group, Inc.
operates through its subsidiaries approximately 3,900 stores throughout
the United States, Puerto Rico and Canada.
For more information about Ascena Retail Group, Inc. and its brands,
visit www.ascenaretail.com,
www.lanebryant.com,
www.maurices.com,
www.dressbarn.com,
www.catherines.com,
www.cacique.com,
www.shopjustice.com,
and www.shopbrothers.com.
Contacts:
ICR, Inc
James Palczynski, 203-682-8229
Partner
jp@icrinc.com
Source: Ascena Retail Group, Inc.
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