Ascena adds Marc Lasry and Stacey Rauch to Board of Directors

By

Obi Anyanwu

Published
Jun 9, 2017

Ascena announced on Thursday the appointments of Marc Lasry and Stacey Rauch to the Board of Directors, effective immediately.
 

Lasry, who previously served as a member of the board from February 2004 to October 2006, is currently the Chairman, CEO and Co-Founder of Avenue Capital Group, a global investment firm that focuses on private and public debt, equity, and real estate markets in the US, Europe and Asia. He is also currently a member of the Council on Foreign Relations and has served on the boards of advisors or directors of both for-profit and not-for-profit public and private companies.
 
Rauch brings extensive experience in retail, strategy, marketing, merchandising, global expansion and multi-channel management to the board. She is a Director Emeritus of McKinsey and Company, and she served on the board of Ann Inc., was Chairman of the board of directors of Fiesta Restaurant Group, Inc. and non-executive director of Land Securities, PLC, where she sits on its Audit and Nomination Committees.

“Both Stacey and Marc bring tremendous experience to ascena,” said David Jaffe, Chairman, President and Chief Executive Officer of the ascena retail group. “Their collective expertise will be an excellent complement to our Board and we look forward to working with both of them as we continue to grow ascena in this highly competitive marketplace.”