Apparel group Jones Apparel Group Inc announced that Efthimios Sotos has been appointed to the position of Chief Financial Officer, reporting to Peter Boneparth, Chief Executive Officer.
Wesley Card, who has held the dual position of Chief Operating and Financial Officer since 2002, will continue in the role of COO, reporting to Peter Boneparth. In addition, Patrick Farrell has been named Executive Vice President - Corporate Controller, and will report to Thimio Sotos.
Peter Boneparth, CEO, stated, "I believe it is the appropriate time to separate the position of Chief Operating and Financial Officer. This change will allow Wes Card, as Chief Operating Officer, to focus his complete and undivided attention on the critical strategic operating initiatives we have underway, and to provide his continued support and guidance to Thimio and the financial team."
Boneparth continued, "Thimio Sotos has been an integral part of the financial management group and I am confident that he will provide outstanding leadership and direction to executive management and our financial organization. Further, I recognize the valuable contributions of Pat Farrell, and welcome his continued involvement and efforts in the future."
Thimio Sotos recently served as Executive VP - Treasurer, Strategic and Financial Planning. Prior to September 2005, he held the positions of Senior VP and Treasurer and Corporate Vice President and Treasurer. He joined Jones Apparel Group in 1999 as part of the company's acquisition of Nine West Group, where he was the Assistant Treasurer.
Pat Farrell was appointed Senior VP in September 1999. Prior to that, he served as Vice President and Corporate Controller since November 1997.
Jones Apparel Group Inc is a leading designer, marketer and wholesaler of branded apparel, footwear and accessories. We also market directly to consumers through our chain of specialty retail and value-based stores, and operate the Barneys New York chain of luxury stores.
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