Coldwater Creek (CWTR) CEO Pence to Retire; Successor Named

November 28, 2012 4:15 PM EST
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Coldwater Creek Inc. (Nasdaq: CWTR) today announced that its Co-founder, Chairman of the Board, and Chief Executive Officer, Dennis Pence, will retire as Chief Executive Officer of Coldwater Creek effective December 31, 2012.

Commensurate with this announcement, the Coldwater Creek Board of Directors appointed the Company's President and Chief Merchandising Officer, Jill Brown Dean, as President and Chief Executive Officer of Coldwater Creek, effective January 1, 2013.

The Company also announced today that Jill Dean has been appointed to serve on the Board of Directors, effective January 1, 2013. Dennis Pence will remain as a Director and continue to serve as Chairman of the Board until January 1, 2014.

Coldwater Creek today also announced that Michele Donnan Martin would join the Company as Senior Vice President, General Merchandise Manager. In this role, she will be responsible for leading all product merchandising functions for Coldwater Creek and will report to Ms. Dean. Michele brings over 25 years of specialty retail merchandising and design experience to Coldwater Creek. Prior to joining the Company, she was the Brand President, Retail and Direct at Delia's. Ms. Martin has also held various merchandising leadership positions at American Eagle, Williams Sonoma, Abercrombie & Fitch, J. Crew and Macy's.

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