Eddie Bauer Holdings Inc announced that its board of directors has elected Neil S. Fiske as the Company's new president and chief executive officer effective July 9, 2007. Mr. Fiske, who will also be appointed to the board of directors, succeeds Howard Gross, a member of the Board who was appointed interim CEO in February.
Mr. Fiske, 45, has over 18 years experience in the retail and related industries, having served most recently as chief executive officer of the Bath and Body Works, a division of Limited Brands.
William End, Chairman of Eddie Bauer, said, "On behalf of the entire Board, I would like to recognize the leadership and efforts of Howard Gross, who stepped in at a very important time, to stabilize and lead the Company as interim CEO. We are pleased that we will continue to benefit from Howard's perspective and experience as a board member.
"Neil Fiske is the ideal candidate for Eddie Bauer at this stage of its evolution, with his knowledge of the retail industry and experience in transforming brands and building management teams. We feel fortunate to have someone of Neil's caliber and vision to lead the Company."
Neil Fiske said, "I am excited to join Eddie Bauer, a Company with a rich legacy and a distinctive heritage as an active outdoor lifestyle brand. I look forward to building on the momentum the Company has achieved in its turnaround efforts. There is enormous potential for Eddie Bauer, and I look forward to helping maximize the Company's opportunities and creating sustainable long-term growth."
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