Aeropostale Announces Chairman to Step Down
Aeropostale, Inc. (NYSE: ARO), a mall-based specialty retailer of casual and active apparel for young women and men, today announced the following changes to its Board of Directors:
Karin Hirtler-Garvey has been appointed Chairman of Aeropostale's Board of Directors. Ms. Hirtler-Garvey has been a member of Aeropostale's Board of Directors since August 2005, serving as the Chairman of the Board's Audit Committee, and a member of the Nominating and Corporate Governance Committee. She also served as the Company's Lead Independent Director. Ms. Hirtler-Garvey is a Certified Public Accountant, and most recently was the Chief Risk Executive for Ally Financial Inc. Prior to that, she held various senior level management positions at Bank of America from 1995 to 2005, including Chief Operating Officer, Global Markets, President of Trust and Credit Banking Products, and Chief Financial Officer/Chief Operating Officer for the Wealth and Investment Management division. Ms. Hirtler-Garvey is also a member of the board of directors of the publicly traded company Medley Capital Corporation, as well as a director of two privately held corporations, USAA Federal Savings Bank and Western World Insurance Company.
Julian R. Geiger has decided to step down from his position as Chairman and resign as a member of Aeropostale's Board of Directors. In November 2011, Mr. Geiger joined Crumbs Bake Shop, Inc. as President and Chief Executive Officer. Prior to that, Mr. Geiger served as Aeropostale's Chairman and Chief Executive Officer from August 1998 to February 2010.
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