Children’s Place (PLCE) appoints Alicia Enciso to its Board of Directors
The Children’s Place, Inc. (Nasdaq: PLCE)Today, North America’s largest children’s specialty apparel retailer announced the appointment of Alicia Enchizo to the Company’s Board of Directors and as a member of the Corporate Responsibility, Sustainability, and Governance Committee. Ms. Enciso will hold the position until the company’s annual shareholder meeting in 2024. Ms. Enciso is an independent director under applicable SEC and Nasdaq rules.
Ms. Enciso was Chief Marketing Officer of Nestle USA from 2017 until her retirement in May 2023. Ms. Enciso joined Nestle in 2008 as Chief Marketing Officer – Vice President of Marketing and Communications for Grupo Nestle Mexico, before becoming CMO of Grupo Nestle Mexico . Nestlé USA in 2013. From 2016 to 2017, Ms. Enchizo held the position of President of the Beverage Division of Nestlé USA. In these positions, Ms. Enchizo’s extensive experience and leadership extends to building high-performing brands and leading capabilities in digital transformation and e-commerce. Prior to joining Nestlé, Ms. Enciso served as Principal Consultant – Mexico Managing Director of Zyman Group, a marketing and consulting firm, from 2005 to 2008, and was CEO and Founding Partner of Tradaq Mexico/Latin America, an online media trading company, From 1999-2005. Prior to these roles, Ms. Enciso held leadership and brand management roles for more than ten years at Procter & Gamble and The Estée Lauder Company. Ms. Enciso holds a Bachelor of Science degree in Business Administration from the Instituto Tecnologico Autonomo De Mexico (ITAM).
Norman Matthews, Chairman, said, “Alicia is an accomplished business leader with a proven track record creating innovative, high-growth marketing and digital strategies in the consumer industry. As an experienced and accomplished C-suite executive, she brings a broad range of strategic and operational skills, which she will strengthen Board of Directors and help support the company’s digital transformation through its strong focus on marketing to our diverse, digitally-savvy client base.”
The company also announced that Tracy Griffin will be leaving the company’s board of directors, effective today. Ms. Griffin has served on the Board of Directors since 2020 and will move to the Middle East to become CFO of the Chalhoub Group, a luxury retail company located in Dubai.
Also speaking of Ms. Griffin’s passing, Mr. Matthews said, “Tracy has been a valued member of our Board for a number of years, and we are very grateful for her many contributions and wish her much success in her new position.”
about the children’s placeThe Children’s Place is the largest specialty children’s apparel retailer in North America. The Company designs, contracts, manufactures, retails, wholesales, and licenses the sale of trendy, high-quality, predominantly value-priced items, primarily under the ownership of “The Children’s Place”, “Place”, “Baby Place”, “Gymboree”, “Sugar & Jade” and “PJ Place”. The company has online stores in www.childrensplace.comAnd www.gymboree.comAnd www.sugarandjade.com And www.pjplace.com As of April 29, 2023, the company had 599 stores in the United States, Canada, and Puerto Rico, and the company’s five international franchise partners had 212 international distribution points in 15 countries.
Forward-looking statementsThis press release contains or may contain forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to statements regarding the Company’s strategic initiatives and results of operations, including adjusted net income (loss) per diluted share. Forward-looking statements are usually identified by the use of terms such as “may,” “will,” “should,” “plan,” “project,” “expect,” “anticipate,” “estimate,” and similar words, although some are expressed forward-looking statements differently. These forward-looking statements are based on the Company’s current expectations and assumptions and are subject to various risks and uncertainties that could cause actual results and performance to differ materially. Some of these risks and uncertainties are described in the Company’s filings with the Securities and Exchange Commission, including the “Risk Factors” section of its annual report on Form 10-K for the fiscal year ended January 28, 2023. Included are the risks and uncertainties that could cause actual results to differ. And financial performance is the risk of the company’s failure to measure fashion trends and changing consumer preferences, and the risks resulting from the highly competitive nature of the company’s business and its dependence on consumer spending patterns, which may be affected by changes in economic conditions (including inflation), and risks related to the COVID-19 pandemic, Including the impact of the COVID-19 pandemic on our business or the economy in general, the risks that the Company’s strategic initiatives will delay or not lead to expected improvements in sales and margin increases, and the risk of delays, outages, disruptions, and cost increases in the Company’s global supply chain, including resulting from COVID-19 or other disease outbreaks, and foreign sources of supply in less developed countries, politically unstable countries, or countries where vendors fail to comply with industry standards or ethical business practices, including the use of forced, bonded or slave labor Children, the risk that the cost of raw materials or energy prices will increase beyond current expectations or that the Company is unable to offset cost increases through value engineering or price increases, and various types of lawsuits, including class action under consumer protection laws and regulations , employment, privacy and information security, and the enforcement of regulations affecting the import of foreign-produced goods, including duties and tariffs, and the uncertainty of weather patterns. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The Company undertakes no obligation to publicly disclose any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Contact: Investor Relations (201) 558-2400 ext. 14,500
Source: The Children’s Place (NASDAQ:), Inc.
