With the addition of these three new members, G-III’s board of directors which now consists of 14 members, includes four women and four individuals of diverse backgrounds. In addition, 11 of the 14 board members or 79 per cent of the board of directors are independent, G-III said in a press release.
G-III Apparel Group has elected Dr. Joyce Brown, Michael Shaffer, and Andrew Yaeger to its board of directors.
The new board of 14 members boasts four women and four individuals of diverse backgrounds.
FIT president Dr. Brown brings over 40 years of educational experience, while Shaffer offers extensive retail insight and Yaeger provides finance expertise.
Dr. Brown has been president of the Fashion Institute of Technology (FIT) since 1998. She has had over 40 years of experience in public higher education. Before her position at FIT, she held numerous senior administrative posts at City University of New York (CUNY), including acting president of Bernard Baruch College and vice chancellor of the University. She was professor of counselling psychology at the Graduate School and University Center of CUNY, where she is currently a professor emerita. Dr. Brown also served as a New York City deputy mayor for public and community affairs during the David Dinkins administration. She served on the board of directors of the Ralph Lauren Corporation from 2001 to 2020.
Shaffer spent over 30 years at PVH Corp holding numerous positions in its wholesale and retail divisions before retiring in 2021. He was executive vice president, chief operating and financial officer of PVH Corp from May 2006 until October 2021 where he oversaw the retail division, treasury, corporate finance, information technology, and logistics services. He currently serves on the board of directors of Torrid Corporation and The Children’s Place, Inc and served on the board of directors of Build-A-Bear Workshops from 2014 to 2019.
Yaeger has been the global head of Jefferies’ Strategic Equity Transactions Group since mid-2021. From 2004 until 2021, he held various leadership roles within Deutsche Bank, including global head of the Strategic Equity Transactions Group. Prior to that position, he held key positions in the Equity Capital Markets group of Deutsche Bank in the US, as well as in their structuring group that worked across equity, credit, interest rates, and foreign currencies. Prior to Deutsche Bank, he worked at Bear Stearns in investment banking and derivatives for five years.
“We are pleased with the additions of Joyce, Mike, and Andrew to our board of directors and are looking forward to working with them. Joyce’s understanding of fashion and the evolution of the industry, Mike’s financial acumen and extensive knowledge of our business model, and Andrew’s broad experience in the equity and debt markets in both the US and abroad will bring added experience and expertise that will complement our existing board members and management team. As we look to the future of G-III, I am excited to continue to bring in new perspectives, talent, diversity, and ideas that will support our growth,” said Morris Goldfarb, G-III’s chairman and chief executive officer.
Fibre2Fashion News Desk (NB)
