The Children’s Place Names New CEO

The Children’s Place Retail Stores, Inc. of Seacaucus, N.J., has tapped Jane Elfers to become its new president and CEO, effective Jan. 4. Elfers, who has served as president and CEO of Lord & Taylor for the past nine years, has also been named to the board of directors of The Children’s Place.

“Jane is a highly talented merchant and a visionary leader,” said Norman Matthews, chairman of the board. “Her deep knowledge of merchandising and marketing, coupled with hands-on operational experience, makes her the ideal leader to take The Children’s Place to the next level as the company seeks to further expand its market share and enhance shareholder value.”

Elfers believes The Children’s Place brand has many avenues for growth. “I see the expansion of The Children’s Place into new markets, particularly value centers, as a top priority for the organization. Importantly, the Internet also presents us with a major growth vehicle as we leverage this channel to provide a broader selection of products and services for our online customer and continue our efforts to enhance the current online experience.”

Elfers takes over from Chuck Crovitz, who has served as interim CEO since September 2007 and as a company director since 2004. He will remain a member of the company’s board. Visit www.childrensplace.com.

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