– USA, NY – G-III Apparel Group, Ltd. (NasdaqGS: GIII) today announced the election of Lisa Wardell and Patti Ongman to its Board as Independent Directors.
“We are pleased to welcome Lisa and Patti to our Board of Directors and are looking forward to working with them. Lisa’s business acumen and significant technology focus combined with Patti’s extensive omnichannel retail operations experience will provide valuable perspectives to G-III. As we continue to execute our strategy to unlock the value of our brands, their insights into omnichannel and data-driven retail will support our management team’s plans.” said Chairman and CEO, Morris Goldfarb.
The company also announced that Willem van Bokhorst and Jeanette Nostra-Katz will not stand for re-election at the AGM to be held in June.
After all these changes are effective, the Board will have twelve members, including four women and three individuals of diverse backgrounds, one of whom is a woman. The independent directors will constitute 75% of the Board, up from 67% before these changes.
About Lisa Warner Wardell
Lisa Wardell currently serves as Executive Chairman of the Board of Directors for Adtalem Global Education, a leading workforce solutions provider and healthcare education company, after her successful five-year run as the president and CEO and then CEO and Chairman. Lisa is also a member of the board of American Express Company, the Economic Club of Chicago, the Executive Leadership Council, CEO Action for Diversity and Inclusion, and the Fortune CEO Initiative and a fierce advocate for diversity and inclusion and access to education across diverse communities.
Ms. Wardell said, “It is an honor to join the dedicated management team and Board of G-III. The Company has a proven track record of success in delivering results and enhancing shareholder value. I look forward to partnering with this elite team of executives and board members to advance both G-III’s operational expertise, as well as its commitment to driving positive social impact for all stakeholders and the communities G-III serves.”
About Patti H. Ongman
Patti Ongman currently serves as an external advisor to a leading international consulting company, where she guides its clients on digital and retail projects. Patti is also a member of the New Yorkers for Children Board of Directors where she serves on the Audit Committee. Previously, Patti served as the Chief Merchandising Officer of Macy’s, as well as the Chief Planning Officer, where she led the company’s merchandising function and omnichannel strategy implementation. Patti was the founding executive sponsor of WAM, an employee resource group for Women at Macy’s.
Ms. Ongman said, “I’m honored to be joining G-III’s Board at this exciting time for the Company and the industry. Having worked as a retail partner of the Company while at Macy’s, I know firsthand that G-III is a partner of choice for a broad and diverse group of retailers and e-tailers. The Company’s diversified product categories, distribution expertise, and well-developed manufacturing capabilities are impressive. I look forward to supporting the team as they further build upon their success and partnering with the executive team and Board on Corporate Social Responsibility initiatives in striving towards change for global good.”
About G-III Apparel Group, Ltd.
G-III designs, sources, and markets apparel and accessories under owned, licensed, and private label brands. G-III’s substantial portfolio of more than 30 licensed and proprietary brands is anchored by five global power brands: DKNY, Donna Karan, Calvin Klein, Tommy Hilfiger, and Karl Lagerfeld Paris. G-III’s owned brands include DKNY, Donna Karan, Vilebrequin, G.H. Bass, Eliza J, Jessica Howard, Andrew Marc, Marc New York, and Sonia Rykiel. G-III has fashion licenses under the Calvin Klein, Tommy Hilfiger, Karl Lagerfeld Paris, Kenneth Cole, Cole Haan, Guess?, Vince Camuto, Levi’s, and Dockers brands. Through its team sports business, G-III has licenses with the National Football League, National Basketball Association, Major League Baseball, National Hockey League, and over 150 U.S. colleges and universities. G-III also distributes directly to consumers through its DKNY, Karl Lagerfeld Paris, and Vilebrequin stores and its digital channels for the DKNY, Donna Karan, Vilebrequin, Karl Lagerfeld Paris, Andrew Marc, Wilsons Leather, and G.H. Bass brands.
For more information: https://www.giii.com/
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