G-III Apparel Group, Ltd. Announces the Election of Three New Board Members: Dr. Joyce F. Brown, Michael Shaffer and Andrew Yaeger
08 Juin 2023 - 10:05PM
Business Wire
G-III Apparel Group, Ltd. (NasdaqGS: GIII), a global fashion
leader with expertise in design, sourcing, and manufacturing,
announced that at its Annual Meeting of Stockholders held today,
Dr. Joyce F. Brown, President of the Fashion Institute of
Technology, Michael Shaffer, recently retired Chief Operating
Officer and Chief Financial Officer of PVH Corp. and an external
advisor to a number of fashion businesses, and Andrew Yaeger,
Global Head of Jefferies’ Strategic Equity Transactions Group were
elected to G-III’s Board of Directors.
Morris Goldfarb, G-III’s Chairman and Chief Executive Officer,
said, “We are pleased with the additions of Joyce, Mike and Andrew
to our Board of Directors and are looking forward to working with
them. Joyce’s understanding of fashion and the evolution of the
industry, Mike’s financial acumen and extensive knowledge of our
business model and Andrew’s broad experience in the equity and debt
markets in both the U.S. and abroad will bring added experience and
expertise that will complement our existing Board members and
management team. As we look to the future of G-III, I am excited to
continue to bring in new perspectives, talent, diversity and ideas
that will support our growth.”
Dr. Brown has been President of Fashion Institute of Technology
(FIT) since 1998. She has had over 40 years of experience in public
higher education. Before her position at FIT, she held numerous
senior administrative posts at City University of New York (CUNY),
including Acting President of Bernard Baruch College and Vice
Chancellor of the University. She was professor of Counseling
Psychology at the Graduate School and University Center of CUNY,
where she is currently a professor emerita. Dr. Brown also served
as a New York City Deputy Mayor for Public and Community Affairs
during the David Dinkins administration. She served on the Board of
Directors of Ralph Lauren Corporation from 2001 to 2020.
Mr. Shaffer spent over 30 years at PVH Corp. holding numerous
positions in its wholesale and retail divisions before retiring in
2021. He was Executive Vice President, Chief Operating and
Financial Officer of PVH Corp. from May 2006 until October 2021
where he oversaw the retail division, treasury, corporate finance,
information technology and logistics services. He currently serves
on the Board of Directors of Torrid Corporation and The Children’s
Place, Inc. and served on the Board of Directors of Build-A-Bear
Workshops from 2014 to 2019.
Mr. Yaeger has been the Global Head of Jefferies’ Strategic
Equity Transactions Group since mid-2021. From 2004 until 2021, he
held various leadership roles within Deutsche Bank, including
Global Head of the Strategic Equity Transactions Group. Prior to
that position, he held key positions in the Equity Capital Markets
group of Deutsche Bank in the U.S., as well as in their Structuring
Group that worked across equity, credit, interest rates and foreign
currencies. Prior to Deutsche Bank, he worked at Bear Stearns in
investment banking and derivatives for five years.
With the addition of these three new members, G-III’s Board of
Directors which now consists of fourteen members, includes four
women and four individuals of diverse backgrounds. In addition,
eleven of the fourteen Board members or 79% of the Board of
Directors are independent.
About G-III Apparel Group,
Ltd.
G-III designs, sources and markets apparel and accessories under
owned, licensed and private label brands. G-III’s substantial
portfolio of more than 30 licensed and proprietary brands is
anchored by its global power brands: DKNY, Donna Karan, Karl
Lagerfeld, Calvin Klein and Tommy Hilfiger. G-III’s owned brands
include DKNY, Donna Karan, Karl Lagerfeld, Vilebrequin, G.H. Bass,
Eliza J, Jessica Howard, Andrew Marc, Marc New York, Wilsons
Leather and Sonia Rykiel. G-III has fashion licenses under the
Calvin Klein, Tommy Hilfiger, Nautica, Halston, Kenneth Cole, Cole
Haan, Guess?, Vince Camuto, Levi's and Dockers brands. Through its
team sports business, G-III has licenses with the National Football
League, National Basketball Association, Major League Baseball,
National Hockey League and over 150 U.S. colleges and universities.
G-III also distributes directly to consumers through its DKNY, Karl
Lagerfeld, Karl Lagerfeld Paris and Vilebrequin stores and its
digital channels for the DKNY, Donna Karan, Vilebrequin, Karl
Lagerfeld, Karl Lagerfeld Paris, Andrew Marc, Wilsons Leather and
G.H. Bass brands.
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G-III Apparel Group, Ltd.
Company Contact: Priya Trivedi SVP of Investor
Relations and Treasurer (646) 473-5228
Investor Relations Contact: Tom Filandro ICR, Inc. (646)
277-1235
Company Media Contact: Andrew Blecher
andrew.blecher@g-iii.com
G III Apparel (NASDAQ:GIII)
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