Joel L. Fleishman, Frank A. Bennack, Jr. and Steven P. Murphy have been nominated for election as Class A Directors, and Ralph Lauren
, Roger N. Farah, Jackwyn L. Nemerov, John R. Alchin, Arnold H. Aronson
, Joyce F. Brown, Hubert Joly and Robert C. Wright have been nominated for election as Class B
Arnold H. Aronson
Mr. Aronson has been a director of the Company since November 2001.
He has been the Managing Director, Retail Strategies at Kurt Salmon Associates, a global management consulting firm specializing in services to retail and consumer products companies, since 1997.
career, Mr. Aronson
Mr. Aronson currently serves as Vice Chairman of the board of trustees of The New School University and as Chairman of the board of governors of its Eugene Lang College and is a member of the board of governors of its Parsons School of Design.
Experience, Qualifications, Attributes and Skills
has substantial business and retail industry experience.
Mr. Aronson’s experience as an executive in a consulting firm specializing in retail and consumer companies as well as his
experiences as a chief executive officer of major retail companies provides our Board with valuable insight into operational and strategic issues related to the retail industry.
As a former chief executive officer of several major retail entities, including Saks Fifths Avenue, Inc.
and Marshall Fields, Mr. Aronson
has intimate knowledge in the areas of marketing, financial reporting and merchandising.
In addition, Mr. Aronson’s service on the boards of academic institutions provides our Board with valuable understanding of governance matters.
The Company’s Board of Directors believes that a majority of its directors should be independent, and has determined that all of its non-management directors, Mr. John R. Alchin, Mr. Arnold H. Aronson
, Mr. Frank A. Bennack, Jr., Dr. Joyce F. Brown, Mr. Joel L. Fleishman, Mr. Hubert Joly, Mr. Steven P. Murphy and Mr. Robert C. Wright, are independent in accordance with the guidelines established under the Company’s Corporate Governance Policies and the NYSE’s corporate governance listing standards.