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(GlobeNewswire) - The Childrens Place, Inc. (Nasdaq: PLCE), an omni-channel childrens specialty portfolio of brands with an industry-leading digital-first model, today announced the departure of Jane Elfers, President and CEO, and announced the appointment of Muhammad Umair as the new President and Interim CEO, effective May 20, 2024.
The Company thanks Jane for her dedication to the Company and wishes her well in her next chapter. Jane Elfers said, I want to thank the entire team at The Childrens Place for their hard work and dedication, and I wish them the best of luck.
Mr. Umair and the Board are focused on continuing to build the Companys position as a global best-in-class specialty retailer. In his capacity as Director, Mr. Umair has been immersed in the Companys portfolio of brands, retail and wholesale network, and strategy to deliver great products and shopping experiences to its customers, including meeting with the leadership team and employees at the Companys stores and distribution facilities, and engaging with its network of suppliers and partners.
The Board is committed to a seamless transition as it conducts a search for a permanent CEO.
Mr. Umair said, I am deeply honored and excited to be appointed as the President and Interim CEO of The Childrens Place. I extend my heartfelt gratitude to the Board of Directors for putting its trust and confidence in my leadership. The Childrens Place and our portfolio of brands have a strong connection to our customers, and I look forward to leveraging the many opportunities ahead in the childrens apparel retail segment.
Mr. Umair further added,...