Attached files
file | filename |
---|---|
8-K - FORM 8-K - Kate Spade & Co | y89320e8vk.htm |
Exhibit 99.1
FOR IMMEDIATE RELEASE
LIZ CLAIBORNE INC. ELECTS LAWRENCE BENJAMIN
TO BOARD OF DIRECTORS
TO BOARD OF DIRECTORS
New York, NY, January 27, 2011: Liz Claiborne Inc. (NYSE: LIZ) today announced the election of
Lawrence Benjamin to the Companys Board of Directors. Mr. Benjamins election brings the number of
Directors to ten. His initial term as director is effective immediately and will expire at the
Companys 2011 Annual Meeting of Stockholders, at which time he will be up for re-election.
Mr. Benjamin has a long history in key operating roles with global brands, and experience with a
variety of strategic initiatives related to corporate governance, standardizing operations and
turnarounds, among others. Most recently, he served as Executive Vice President and Chief
Operating Officer of Ahold USA, a subsidiary of Koninklijke Ahold NV, an international food
retailing group based in the Netherlands. Mr. Benjamin was Aholds highest ranking executive in the
US, responsible for the Stop & Shop/Giant-Landover and Giant-Carslile superstores and supermarkets,
as well as all operations in the country. In 2009, he was also appointed to Aholds global
Corporate Executive Board. Mr. Benjamin joined Ahold in October of 2003 as President and Chief
Executive Officer of US Foodservice. Mr. Benjamin will be retiring from Ahold In February.
Prior to joining Ahold, Mr. Benjamin worked with several private equity firms, where he held
operating positions including serving as CEO at NutraSweet Company, Specialty Foods Corporation and
Stella Foods. Previously, he held management-level positions in the retail and ingredient divisions
of Kraft Foods.
Commenting on the announcement, Kay Koplovitz, Chairman of Liz Claiborne Inc., said: Larry brings
a career of insights into building consumer-based brands, operations excellence and retailing, as
well as knowledge and expertise from one of the most experienced international retailers. These
strengths will become increasingly important as we continue to focus on our direct-to-consumer
businesses and expand our international presence.
About Liz Claiborne Inc.
Liz Claiborne Inc. designs and markets a global portfolio of retail-based premium brands including Juicy Couture, kate spade, Lucky Brand and Mexx. The Company also has a refined group of department store-based brands with strong consumer franchises including the Monet family of brands, Kensie, Kensiegirl, Mac & Jac, and the licensed DKNY® Jeans and DKNY® Active brands. The Liz Claiborne and Claiborne brands are available at JCPenney, the Liz Claiborne New York brand designed by Isaac Mizrahi is available at QVC, and the Dana Buchman and Axcess brands are sold at Kohls. Visit www.lizclaiborneinc.com for more information.
Liz Claiborne Inc. designs and markets a global portfolio of retail-based premium brands including Juicy Couture, kate spade, Lucky Brand and Mexx. The Company also has a refined group of department store-based brands with strong consumer franchises including the Monet family of brands, Kensie, Kensiegirl, Mac & Jac, and the licensed DKNY® Jeans and DKNY® Active brands. The Liz Claiborne and Claiborne brands are available at JCPenney, the Liz Claiborne New York brand designed by Isaac Mizrahi is available at QVC, and the Dana Buchman and Axcess brands are sold at Kohls. Visit www.lizclaiborneinc.com for more information.
CONTACT: | Dana Stambaugh Vice President, Corporate Communications Liz Claiborne Inc. 212-626-3491 dana_stambaugh@liz.com |