Stott to be next New York & Company CEO

US: Stott to be next New York & Company CEO

By just-style.com | 30 April 2010

US fashion retailer New York & Company has announced that its chairman and CEO Richard Crystal intends to retire from the company and its board next year.

Crystal will leave when his employment agreement expires on 11 February 2011, a statement confirmed.

As part of his succession Gregory Scott has been appointed president of New York & Company effective 1 June 2010, with the intent he will assume the Crystal’s CEO role.

After he commences his employment Scott will also join its board of directors. He was most recently served as chief executive officer of Bebe Stores

Crystal said: "I am extremely proud of what we have achieved at New York & Company in my 14 years as CEO.

"Our brand has evolved into a leader of fashion, style and value for our customers and I remain enthusiastic about the company’s opportunities and growth prospects in the years to come."

Sectors: Apparel

Companies: New York & Company, Bebe Stores