US Retail chain AnnTaylor Stores has announced that Robert Grayson has resigned from the company's board of directors to devote more time to his other business obligations.

Grayson, also president of The Grayson Company, has served as a director of AnnTaylor since 1992.

Ann Taylor's board chairman Ronald Hovsepian said: "We regretfully accept Bob's resignation, but understand his desire to spend more time on other obligations. We thank him for his contributions to Ann Taylor and wish him all the best in the future."