Liz Claiborne Inc announced that William L. McComb, Company Group Chairman at Johnson & Johnson, has been appointed Chief Executive Officer and a member of the Board of Directors, effective November 6, 2006.
Mr. McComb, who will succeed Paul R. Charron as Chief Executive Officer, is a proven executive with expertise in the areas of global brand-building, consumer marketing and advertising. Mr. Charron, who previously announced his intention to retire from the Company, will remain Chairman through the end of 2006 and will become Chairman Emeritus as of January 1, 2007. He will also provide consulting services to the Company for one year.
The Company also announced that Kay Koplovitz has been appointed non-executive Chairman of the Board of Directors, effective January 1, 2007. In this position, she will manage the business of the Board of Directors and provide support and counsel to the CEO.
Following his success in Johnson & Johnson's consumer and pharmaceutical segments, Mr. McComb became Company Group Chairman in 2005. His experience also includes a number of marketing and brand management-related posts in Johnson & Johnson's OTC and skincare businesses and with the Leo Burnett advertising firm.
Ms. Koplovitz has been a member of the Liz Claiborne Inc Board of Directors since 1992 and is a principal of Koplovitz & Co. LLC, a media investment firm. She is the founder of international cable television programming company USA Networks and served as its Chairman and Chief Executive Officer from 1977 to 1998.
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