The Jones Group Inc. (ticker: JNY, exchange: New York Stock Exchange (.N))
News Release -
Jones Apparel Group, Inc. Announces the Following Appointments
Within Its Denim-Based Collection Businesses:
Tami Fersko to Chief Financial Officer and Joe Kaelin to Controller
NEW YORK, Nov. 7 /PRNewswire-FirstCall/ -- Wesley R. Card, Chief Operating
and Financial Officer of Jones Apparel Group, Inc. (NYSE: JNY), today
announced the appointment of Tami Fersko to Chief Financial Officer,
Denim-Based Collection business. In this capacity, Ms. Fersko will have
financial oversight for the denim-based collection businesses, comprised of
Polo Jeans Company, l.e.i., and Sun Apparel. Ms. Fersko joined Jones Apparel
Group in September 1998 through the acquisition of Sun Apparel where she most
recently held the position of Senior Vice President Operations and Finance.
Mr. Card also announced the appointment of Joe Kaelin to the position of
Controller, who will report directly to Ms. Fersko. Mr. Kaelin began his
career at Jones Apparel in 1996 and most recently was the Accounting Manager
for the Sun Apparel division.
Mr. Card stated, "I wish to congratulate both Tami and Joe on their new
appointments and look forward to their continued contributions to the overall
success of the Jones Apparel Group."
Jones Apparel Group, Inc. (www.jny.com), a Fortune 500 Company, is a
leading designer and marketer of branded apparel, footwear and accessories.
The Company's nationally recognized brands include: Jones New York; Lauren by
Ralph Lauren, Ralph by Ralph Lauren, and Polo Jeans Company, which are
licensed from Polo Ralph Lauren Corporation; Evan-Picone, Rena Rowan, Norton
McNaughton, Gloria Vanderbilt, Erika, l.e.i., Energie, Currants, Jamie Scott,
Todd Oldham, Nine West, Easy Spirit, Enzo Angiolini, Bandolino, Napier and
Judith Jack. The Company also markets costume jewelry under the Tommy
Hilfiger brand licensed from Tommy Hilfiger Corporation and the Givenchy brand
licensed from Givenchy Corporation, and footwear and accessories under the
ESPRIT brand licensed from Esprit Europe, B.V. Celebrating more than 30 years
of service, the Company has built a reputation for excellence in product
quality and value, and in operational execution.
Certain statements herein are "forward-looking statements" made pursuant
to the safe harbor provisions of the Private Securities Litigation Reform Act
of 1995. Such forward-looking statements represent the Company's expectations
or beliefs concerning future events that involve risks and uncertainties,
including the strength of the economy and the overall level of consumer
spending, the performance of the Company's products within the prevailing
retail environment, and other factors which are set forth in the Company's
2001 Form 10-K and in all filings with the SEC made by the Company subsequent
to the filing of the Form 10-K. The Company does not undertake to publicly
update or revise its forward-looking statements as a result of new
information, future events or otherwise.
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SOURCE Jones Apparel Group, Inc.