Children's Place (PLCE) Names Norman Matthews to Chairman of the Board
The Children's Place Retail Stores, Inc. (NASDAQ: PLCE) today announced Norman Matthews, a director, has been appointed Chair of the Company's Board of Directors. He succeeds Sally Frame Kasaks who served as Acting Chair of the Board and Lead Director since January 2007. Ms. Kasaks will continue to serve as a director of the Company.
Norman Matthews was appointed a director of the Company in March 2009 and was elected as a director in July at the 2009 Annual Meeting of Stockholders. In addition to serving on the Board of The Children's Place, Mr. Matthews currently serves on the Boards of The Progressive Corporation, Henry Schein, Inc. and Spectrum Brands. Previously, he served on the Boards of Sunoco, Inc., Toys "R" Us, Inc. and Federated Department Stores, and as a Trustee for the American Museum of Natural History.
Mr. Matthews served as President of Federated Department Stores until the company was sold in 1988. He joined Federated Department Stores in 1978 as Chairman - Gold Circle Stores Division. He was promoted to Executive Vice President of Federated Department Stores in 1982, to Vice Chairman in 1984 and to President in 1987.
Mr. Matthews received his undergraduate degree from Princeton University and an MBA from Harvard Business School.
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