Destination Maternity Corporation, a leading maternity apparel retailer, has announced that Pierre-Andre Mestre, chairman of the Board of Directors of French children’s clothing retailer Orchestra-Premaman, and Jean-Claude Jacomin, an accomplished international C-Suite executive, have been elected to and seated on the company’s Board of Directors.
With these additions, Destination’s Board will expand to six members. Mestre and Jacomin will be included in the company’s slate of six nominees for election to the Board at the 2018 Annual Meeting of Stockholders.Destination Maternity Corporation, a leading maternity apparel retailer, has announced that Pierre-Andre Mestre, chairman of the Board of Directors of French children's clothing retailer Orchestra-Premaman, and Jean-Claude Jacomin, an accomplished international C-Suite executive, have been elected to and seated on the company's Board of Directors.#
Destination Maternity also announced the Board’s creation of a new business initiatives committee consisting of Mestre and Jacomin, Barry Erdos, chairman of Destination’s Board, and Melissa Payner-Gregor, a director and interim chief executive officer. The business initiatives committee, which will be chaired by Erdos, will work with Destination’s senior management to identify and recommend to the full Board innovative ideas to improve operational performance and sales for the benefit of all stockholders.
Barry Erdos, chairman of Destination Maternity said, “Pierre is a natural choice for the Board. He represents our largest stockholder group, and as chairman and founder of Orchestra-Prémaman, he understands the opportunities and challenges of operating a childrenswear and maternity business. Jean-Claude is equally suited given his track record of success, including as group president of Juvenile products at Dorel, where he guided the turnaround of the business in North America and successfully implemented new product, marketing, and supply chain strategies.”
Mestre said, “I am extremely excited to join Destination’s Board of Directors and assist the company in capitalising on its leadership position in maternity apparel in the US. I believe there are many opportunities that are available to Destination Maternity to drive new sales and expand operating margin and look forward to assisting the company and my fellow Board members in achieving this goal.”
Jacomin said, “I am delighted to join the Destination Maternity Board and believe my experience as a senior leader in the areas of product, marketing and supply chain will benefit the company and its stockholders. I look forward to working with the full Board to help the company achieve its potential in a rapidly evolving retail environment.” (GK)
Fibre2Fashion News Desk – India
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