Christopher & Banks Corporation Elects Three New Members to Its Board of Directors
David A. Levin, William F. Sharpe, III and Patricia A. Stensrud Elected Effective May 3, 2012
MINNEAPOLIS--(BUSINESS WIRE)-- Christopher & Banks Corporation (CBK) today announced that David A. Levin, William F. Sharpe, III and Patricia A. Stensrud have been elected to its Board of Directors effective May 3, 2012. The election of these three individuals increases the number of Board members to ten, all of whom are independent directors. The three individuals will also be nominees for election as directors at the Companys Annual Meeting of Stockholders to be held June 28, 2012.
David A. Levin, 60, is President and Chief Executive Officer of Casual Male Retail Group (CMRG), the largest specialty retailer of big and tall mens apparel, a position he has held since April 2000. He has more than 30 years of retail experience, having also served as Executive Vice President of eOutlet.com and as President of Camp Coleman, a division of the Coleman Company; of Prestige Fragrance and Cosmetics, a division of Revlon, Inc.; and of Parade of Shoes, a division of J. Baker, Inc. Mr. Levin is also a director of CMRG.
William F. Sharpe, III, 49, serves as a Partner and Managing Director of Quetico Partners, LLC, a boutique investment banking firm, a position he has held since September 2009. From July 2007 to August 2009 he was Chief Operating Officer and a Managing Director of Lazard Middle Market, following Lazard, Freres & Companys acquisition of Goldsmith Agio Helms & Lynner, LLC, where he worked in several investment banking roles from February 1998 until its acquisition by Lazard in July 2007.
Patricia A. Stensrud, 64, is the President of A&H Manufacturing, a worldwide package design and manufacturing company with operations in the United States, China and the United Kingdom, a position she has held since May 2011. Ms. Stensrud has prior womens apparel experience, having served as President of the Womens Sportswear Division of Tommy Hilfiger and as Chief Executive Officer of the Victoria + Co division of Jones Apparel Group. She is also the founder and managing partner of Hudson Rivers Partners, LLC, a private real estate investment and advisory due diligence firm. Ms. Stensrud serves on the board of Crown Crafts, Inc.
Paul Snyder, Chair of the Board of Directors, commented, We are extremely pleased to have David, William and Patricia join our Board. Collectively they bring considerable knowledge and experience in the areas of finance, marketing and operations, in addition to an understanding of retail and womens apparel issues. We look forward to their contributions.
About Christopher & Banks
Christopher & Banks Corporation is a Minneapolis-based specialty retailer of womens clothing. As of May 3, 2012, the Company operates 665 stores in 44 states consisting of 393 Christopher & Banks stores, 183 stores in their womens plus size clothing division CJ Banks, 64 dual stores and 25 outlet stores. The Company also operates the www.ChristopherandBanks.com and www.CJBanks.com e-commerce websites.
Keywords: Christopher & Banks, CJ Banks, Womens Clothing, Plus Size Clothing, Petites, Extended Sizes, Outfits.
Christopher & Banks Corporation
Peter G. Michielutti, 763-551-5000
Senior Vice President,
Chief Financial Officer
Jean Fontana, 203-682-8200
Source: Christopher & Banks CorporationCopyright Business Wire 2012