The Children’s Place Appoints Alicia Enciso to Its Board of Directors
July 13 2023 - 4:15PM
The Children’s Place, Inc. (Nasdaq: PLCE), the
largest pure-play children’s specialty apparel retailer in North
America, today announced that the Company has appointed Alicia
Enciso to the Company’s Board of Directors and as a member of the
Corporate Responsibility, Sustainability and Governance Committee.
Ms. Enciso will hold office until the annual meeting of
stockholders of the Company to be held in 2024. Ms. Enciso is an
independent director under applicable SEC and Nasdaq rules.
Ms. Enciso was the Chief Marketing Officer of Nestle USA from
2017 until her retirement in May 2023. Ms. Enciso joined Nestle in
2008 as the Chief Marketing Officer – Vice President Marketing
& Communications of Grupo Nestle Mexico, before becoming the
Chief Marketing Officer of Nestle USA in 2013. From 2016 to 2017,
Ms. Enciso was President of the Beverage Division of Nestle USA. In
these positions, Ms. Enciso’s extensive expertise and leadership
extended to building high performing brands and leading digital
transformation and e-commerce capabilities. Prior to joining
Nestle, Ms. Enciso served as the Principal Consultant – Mexico
Managing Director of Zyman Group, a marketing and consulting
company, from 2005-2008, and was the CEO and Co-Founder of Tradaq
Mexico/Latin America, an internet media trading company, from
1999-2005. Prior to these roles, Ms. Enciso held leadership and
brand management positions for over ten years at The Procter and
Gamble Company and The Estee Lauder Company. Ms. Enciso received a
Bachelor of Science degree in Business Administration from
Instituto Tecnologico Autonomo De Mexico (ITAM).
Norman Matthews, Chair of the Board said, “Alicia is a proven
senior business leader with an exceptional track record in creating
innovative and high-growth marketing and digital strategies in the
consumer industry. As an experienced and accomplished C-suite
executive, she brings a broad strategic and operational skillset,
which will strengthen our Board and help to support the Company’s
digital transformation through its strong focus on marketing to our
digitally savvy and diverse customer base.”
The Company also announced that Tracey Griffin will be leaving
the Company’s Board of Directors, effective today. Ms. Griffin has
served on the Board of Directors since 2020 and will be relocating
to the Middle East to become the Chief Financial Officer of the
Chalhoub Group, a luxury retailer located in Dubai.
Mr. Matthews also addressed the departure of Ms. Griffin,
“Tracey has been a valuable member of our Board of Directors for a
number of years, and we are very grateful for her many
contributions and wish her much success in her new position.”
About The Children’s PlaceThe Children’s Place
is the largest pure-play children’s specialty apparel retailer in
North America. The Company designs, contracts to manufacture, sells
at retail and wholesale, and licenses to sell fashionable,
high-quality merchandise predominantly at value prices, primarily
under the proprietary “The Children’s Place”, “Place”, “Baby
Place”, “Gymboree”, “Sugar & Jade” and “PJ Place” brand names.
The Company has online stores at www.childrensplace.com,
www.gymboree.com, www.sugarandjade.com and www.pjplace.com and, as
of April 29, 2023, the Company had 599 stores in the United States,
Canada, and Puerto Rico and the Company’s five international
franchise partners had 212 international points of distribution in
15 countries.
Forward-Looking StatementsThis
press release contains or may contain forward-looking statements
made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995, including but not limited
to statements relating to the Company’s strategic initiatives and
results of operations, including adjusted net income (loss) per
diluted share. Forward-looking statements typically are identified
by use of terms such as “may,” “will,” “should,” “plan,” “project,”
“expect,” “anticipate,” “estimate” and similar words, although some
forward-looking statements are expressed differently. These
forward-looking statements are based upon the Company’s current
expectations and assumptions and are subject to various risks and
uncertainties that could cause actual results and performance to
differ materially. Some of these risks and uncertainties are
described in the Company’s filings with the Securities and Exchange
Commission, including in the “Risk Factors” section of its annual
report on Form 10-K for the fiscal year ended January 28, 2023.
Included among the risks and uncertainties that could cause actual
results and performance to differ materially are the risk that the
Company will be unsuccessful in gauging fashion trends and changing
consumer preferences, the risks resulting from the highly
competitive nature of the Company’s business and its dependence on
consumer spending patterns, which may be affected by changes in
economic conditions (including inflation), the risks related to the
COVID-19 pandemic, including the impact of the COVID-19 pandemic on
our business or the economy in general, the risk that the Company’s
strategic initiatives to increase sales and margin are delayed or
do not result in anticipated improvements, the risk of delays,
interruptions, disruptions and higher costs in the Company’s global
supply chain, including resulting from COVID-19 or other disease
outbreaks, foreign sources of supply in less developed countries,
more politically unstable countries, or countries where vendors
fail to comply with industry standards or ethical business
practices, including the use of forced, indentured or child labor,
the risk that the cost of raw materials or energy prices will
increase beyond current expectations or that the Company is unable
to offset cost increases through value engineering or price
increases, various types of litigation, including class action
litigations brought under consumer protection, employment, and
privacy and information security laws and regulations, the
imposition of regulations affecting the importation of
foreign-produced merchandise, including duties and tariffs, and the
uncertainty of weather patterns. Readers are cautioned not to place
undue reliance on these forward-looking statements, which speak
only as of the date they were made. The Company undertakes no
obligation to release publicly any revisions to these
forward-looking statements that may be made to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events.
Contact: Investor Relations (201)
558-2400 ext. 14500
Childrens Place (NASDAQ:PLCE)
Historical Stock Chart
From Jun 2024 to Jul 2024
Childrens Place (NASDAQ:PLCE)
Historical Stock Chart
From Jul 2023 to Jul 2024