Market Overview

Stage Stores Announces Departure of CFO and Appoints Jason Curtis as Interim Chief Financial Officer

Share:

Stage Stores, Inc. (NYSE:SSI) announced that Oded Shein, its Executive
Vice President, Chief Financial Officer and Treasurer, resigned his
position effective August 10, 2018 to pursue another opportunity. The
company has appointed Jason Curtis as interim Chief Financial Officer
and Treasurer. Mr. Curtis has been with Stage since 2011, most recently
serving as its Senior Vice President, Finance and Credit since March
2017. Mr. Curtis also held the roles of Group Vice President, Finance
and Credit from May 2016 to March 2017, Vice President, Finance and
Accounting from November 2013 to April 2016, and Vice President, Finance
and Treasurer from May 2011 to November 2013. Prior to joining Stage,
Mr. Curtis served in various financial roles at Belk, Inc. and The May
Department Stores Company. Mr. Curtis earned his undergraduate degree
from the University of Pittsburgh.

Michael Glazer, President and Chief Executive Officer commented, "We
appreciate the great contributions Oded has made over the past seven
years as he has helped shape Stage for the future, and we wish him well
with his next endeavor." Mr. Glazer continued, "I am thrilled that we
have the depth of talent at Stage to appoint Jason as our interim CFO.
Jason has been instrumental in growing our private label credit card
program and managing our expense structure. While we expect to assess
internal and external candidates for the CFO position, I am very
confident in the strength of our existing team."

About Stage Stores

Stage Stores, Inc. is a leading retailer of trend-right, name-brand
values for apparel, accessories, cosmetics, footwear and home goods. As
of August 8, 2018, the company operates in 42 states through 764 BEALLS,
GOODY'S, PALAIS ROYAL, PEEBLES and STAGE specialty department stores and
59 GORDMANS off-price stores, as well as an e-commerce website at www.stage.com.
For more information about Stage Stores, visit the company's website at corporate.stage.com.

Caution Concerning Forward-Looking Statements

Certain statements in this release are forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995, and
such statements are intended to qualify for the protection of the safe
harbor provided by the Act. The words "anticipate," "estimate,"
"expect," "objective," "goal," "project," "intend," "plan," "believe,"
"will," "should," "may," "target," "forecast," "guidance," "outlook" and
similar expressions generally identify forward-looking statements.
Similarly, descriptions of the company's objectives, strategies, plans,
goals or targets are also forward-looking statements. Forward-looking
statements relate to the expectations of management as to future
occurrences and trends, including statements expressing optimism or
pessimism about future operating results or events and projected sales,
earnings, capital expenditures and business strategy. Forward-looking
statements are based upon a number of assumptions concerning future
conditions that may ultimately prove to be inaccurate. Forward-looking
statements are based upon management's then-current views and
assumptions regarding future events and operating performance. Although
management believes the expectations expressed in forward-looking
statements are based on reasonable assumptions within the bounds of its
knowledge, forward-looking statements involve risks, uncertainties and
other factors which may materially affect the company's business,
financial condition, results of operations or liquidity.

Forward-looking statements are not guarantees of future performance and
actual results may differ materially from those discussed in the
forward-looking statements as a result of various factors, including,
but not limited to, economic conditions, cost and availability of goods,
inability to successfully execute strategic initiatives, competitive
pressures, economic pressures on the company and its customers, freight
costs, the risks discussed in the Risk Factors section of the company's
most recent Annual Report on Form 10-K as filed with the Securities and
Exchange Commission ("SEC"), and other factors discussed from time to
time in the company's other SEC filings. This release should be read in
conjunction with such filings, and you should consider all of such
risks, uncertainties and other factors carefully in evaluating
forward-looking statements.

You are cautioned not to place undue reliance on forward-looking
statements, which speak only as of the date thereof. The company
undertakes no obligation to publicly update forward-looking statements,
whether as a result of new information, future events or otherwise. You
are advised, however, to consult any further disclosures the company
makes on related subjects in its public announcements and SEC filings.

View Comments and Join the Discussion!