The Jones Group Inc. (ticker: JNY, exchange: New York Stock Exchange (.N))
News Release -
Wesley R. Card Named Chief Financial Officer of Jones Apparel Group
NEW YORK, March 28 /PRNewswire-FirstCall/ -- Jones Apparel Group, Inc.
(NYSE: JNY) today announced the appointment of Wesley R. Card, 59, as Chief
Financial Officer, effective immediately. He succeeds Thimio Sotos, who has
resigned to pursue other opportunities. Mr. Card will also continue to serve
as Chief Operating Officer.
Peter Boneparth, Chief Executive Officer, stated, "Wes was an exceptional
CFO for Jones during the 15 years he held that position, and we are pleased to
welcome him back to that role. Since his appointment as COO, he has been
instrumental in setting the strategy for our Company and executing against
that plan. I have no doubt that Wes will do a great job in his dual roles as
CFO and COO."
Boneparth continued, "We thank Thimio for his commitment and many
contributions, and we wish him well in his future endeavors."
About Wesley Card
Mr. Card joined Jones Apparel Group in 1990 and was named the Company's
Chief Operating Officer in March 2002. He served as the Company's Chief
Financial Officer from 1990 to March 2006.
About Jones Apparel Group
Jones Apparel Group, Inc. (http://www.jny.com), a Fortune 500 company, is
a leading designer, marketer and wholesaler of branded apparel, footwear and
accessories. The Company also markets directly to consumers through our chain
of specialty retail and value-based stores, and operates the Barneys New York
chain of luxury stores. The Company's nationally recognized brands include
Jones New York, Nine West, Anne Klein, Gloria Vanderbilt, Kasper, Bandolino,
Easy Spirit, Evan-Picone, Norton McNaughton, Erika, l.e.i., Energie, Enzo
Angiolini, Joan & David, Mootsies Tootsies, Sam & Libby, Napier, Judith Jack,
Albert Nipon, Le Suit and Barneys New York. The Company also markets costume
jewelry under the Givenchy brand licensed from Givenchy Corporation and
footwear under the Dockers Women brand licensed from Levi Strauss & Co. Each
brand is differentiated by its own distinctive styling, pricing strategy,
distribution channel and target consumer. The Company contracts for the
manufacture of its products through a worldwide network of quality
manufacturers. The Company has capitalized on its nationally known brand names
by entering into various licenses for several of its trademarks, including
Jones New York, Evan-Picone, Anne Klein New York, Nine West, Gloria Vanderbilt
and l.e.i., with select manufacturers of women's and men's products which the
Company does not manufacture. For more than 30 years, the Company has built a
reputation for excellence in product quality and value, and in operational
SOURCE Jones Apparel Group, Inc.
CONTACT: Joele Frank or Sharon Stern, both of Joele Frank, Wilkinson
Brimmer Katcher, +1-212-355-4449, for Jones Apparel Group, Inc.
Web site: http://www.jny.com