Mothers Work Announces Promotion of Judd Tirnauer to Senior Vice President-Chief Financial Officer
24 Julho 2008 - 5:22PM
PR Newswire (US)
PHILADELPHIA, July 24 /PRNewswire-FirstCall/ -- Mothers Work, Inc.
(NASDAQ:MWRK), the world's leading maternity apparel retailer,
today announced that Judd P. Tirnauer, the Company's current Vice
President-Finance, has been promoted to the position of Senior Vice
President-Chief Financial Officer. Mr. Tirnauer has served as Vice
President-Finance of the Company since June 2005, having previously
served with the Company as Vice President-Financial Planning &
Analysis since October 2003, and Director of Financial Planning
& Analysis since joining Mothers Work in November 2001. Mr.
Tirnauer has earned both a Masters in Business Administration
degree and a Juris Doctorate legal degree, and has earned a
Certified Public Accountant designation. In connection with the
promotion of Mr. Tirnauer, Edward (Ed) Krell, who has served as the
Company's Chief Operating Officer & Chief Financial Officer,
will now have the title Chief Operating Officer. Mr. Tirnauer
continues to report to Mr. Krell. Mr. Krell continues to report to
both Dan Matthias, Chairman of the Board and Chief Executive
Officer, and Rebecca Matthias, President and Chief Creative
Officer. Ed Krell, the Company's Chief Operating Officer, stated,
"We are very pleased to announce Judd's promotion to Senior Vice
President-Chief Financial Officer. Since joining us in 2001, Judd
has taken on increasing responsibility within the finance area,
especially in recent years as I have taken on management
responsibility over more areas outside of the financial function.
Judd has stepped up to these increased responsibilities in an
impressive fashion, has developed strong knowledge of all areas of
our business, and has participated actively in our strategic and
operational initiatives. We look forward to Judd's continuing
contributions to the Company and congratulate him on his new
position." Mothers Work is the world's largest designer and
retailer of maternity apparel, using its custom TrendTrack(TM)
merchandise analysis and planning system as well as its quick
response replenishment process to "give the customer what she
wants, when she wants it." As of June 30, 2008, Mothers Work
operates 1,055 maternity locations, including 761 stores,
predominantly under the tradenames Motherhood Maternity(R), A Pea
in the Pod(R), Mimi Maternity(R), and Destination Maternity(R), and
sells on the web through its DestinationMaternity.com and
brand-specific websites. In addition, Mothers Work distributes its
Oh Baby by Motherhood(TM) collection through a licensed arrangement
at Kohl's(R) stores throughout the United States and on Kohls.com.
The Company cautions that any forward-looking statements (as such
term is defined in the Private Securities Litigation Reform Act of
1995) contained in this press release or made from time to time by
management of the Company, including those regarding expected
expense savings, results of operations, liquidity and financial
condition and various business initiatives, involve risks and
uncertainties, and are subject to change based on various important
factors. The following factors, among others, in some cases have
affected and in the future could affect the Company's financial
performance and actual results and could cause actual results to
differ materially from those expressed or implied in any such
forward-looking statements: our ability to successfully manage our
various business initiatives, our ability to successfully manage
and retain our leased department and licensed relationships and
marketing partnerships, future sales trends in our existing store
base, weather, changes in consumer spending patterns, raw material
price increases, consumer preferences and overall economic
conditions, the impact of competition and pricing, availability of
suitable store locations, continued availability of capital and
financing, ability to hire and develop senior management and sales
associates, ability to develop and source merchandise, ability to
receive production from foreign sources on a timely basis,
potential stock repurchases, potential debt prepayments, changes in
market interest rates, war or acts of terrorism, and other factors
set forth in the Company's periodic filings with the Securities and
Exchange Commission, or in materials incorporated therein by
reference. Mothers Work press releases available through Company
News On-Call at http://www.prnewswire.com/comp/581877.html
DATASOURCE: Mothers Work, Inc. CONTACT: Edward M. Krell, Chief
Operating Officer of Mothers Work, Inc., +1-215-873-2220 Web site:
http://www.motherswork.com/ Company News On-Call:
http://www.prnewswire.com/comp/581877.html
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