ASCENA Retail Group, a leading national specialty retailer, has announced that Elliot S. Jaffe will retire as the company’s Co-Founder and Non-Executive Chairman of the Board of Directors, effective at the end of the 2016 Annual Meeting of Stockholders.
Commenting upon the exit, David Jaffe, President and CEO, ASCENA said, “Jaffe’s leadership has, from the start, provided the vision and passion to evolve from a single store with one banner to a family of brands. The Board thanks EJ for his outstanding leadership and commitment to the success of Ascena.” Adding to that, Randy Pearce, Lead Independent Director, ASCENA stated, “Jaffe’s contributions to ascena are countless. He has provided outstanding vision and thoughtful leadership and we thank him for his service.”
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Jaffe previously served as the ASCENA’s Chairman of the Board and then transitioned to Non-Executive Chairman. Prior to this, he co-founded apparel brand dressbarn in 1962 and served as its Chief Executive Officer.
“It has truly been my life’s pleasure to serve ASCENA from its glorious infancy to the multi-billion-dollar brand it is today. I look forward to watching the company as it continues to grow,” said Jaffe.
Operating 4,900 stores throughout the United States, Canada and Puerto Rico, ASCENA offers apparel, shoes, and accessories for women under the Ann Taylor, LOFT, Lou & Grey, Lane Bryant, maurices, dressbarn and Catherines brands, and for tween girls under the Justice brand.
