Stride Rite to Appoint Edward Larsen to Board of Directors; CFO of Talbots Will Chair Audit Committee
February 22 2006 - 5:33PM
Business Wire
The Stride Rite Corporation (NYSE: SRR) today announced that
following its 2006 annual meeting of shareholders it will appoint
Edward L. Larsen to the Company's Board of Directors. He will also
serve as the Chairman of the Audit Committee and qualifies as the
"audit committee financial expert" under SEC rules and related NYSE
rules. Mr. Larsen will bring extensive public company retail
experience to Stride Rite's Board. Since 1991, he has been Senior
Vice President, Chief Financial Officer and Treasurer of Talbots
Inc., a $1.8 billion specialty retailer and cataloger of apparel
and accessories with over 1,000 stores. He was Vice President and
Chief Financial Officer of Lillian Vernon Corporation from 1989 to
1991, and from 1977 to 1988 had held various positions with General
Mills, Inc., including Vice President and Group Controller of the
Specialty Retailing Group. "We are delighted that Ed Larsen has
agreed to serve on our Board of Directors. With his broad retail
background, financial expertise and strategic insights, Ed will be
a superb addition to our Board," said David Chamberlain, Chairman
and CEO of Stride Rite. Immediately following Stride Rite's 2006
annual meeting of shareholders on April 6, the Board of Directors
will appoint Mr. Larsen as a Class III director to serve until the
2008 annual meeting of shareholders. Mr. Larsen will fill the
vacancy created by the resignation of current Audit Committee
Chairman Bruce Van Saun, who as previously announced will leave the
Board at the time of the 2006 annual meeting due to other business
obligations. COMPANY OVERVIEW The Stride Rite Corporation markets
the leading brand of high quality children's shoes in the United
States. Other footwear products for children and adults are
marketed by the Company under well-known brand names, including
Keds, Sperry Top-Sider, Tommy Hilfiger, Saucony, Grasshoppers,
Munchkin, Spot-bilt and Hind. Apparel products are marketed by the
Company under the Saucony and Hind brand names. Information about
the Company is available on our website - www.strideritecorp.com.
Information about the Company's brands and product lines is
available at www.striderite.com, www.keds.com,
www.sperrytopsider.com and www.saucony.com.
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