Gabe's names three new independent directors to Board
Warburg Pincus-owned off-price fashion and homeware retailer Gabe’s announced the appointments of Bob Cataldo, Lynne Greene and Margaret Mager as independent directors to its board of directors on Monday.
Cataldo has 40 years of experience in the retail industry, having served in a variety of leadership positions at HomeGoods, including Executive VP Chief Operations Officer and Executive VP Chief Information Officer, before taking on his most recent role as Group President of TJX Canada.
Greene brings 40 years of experience in the beauty and fashion industries to her new role, 25 of which were spent at Estée Lauder, where she most recently served as Group President, responsible for Clinique, Origins, Aveda, Darphin and the Men's Skincare Group. Prior to this, she worked in a variety of senior positions at Chanel, Lancôme, and Yves St. Laurent.
Mager is the founder of Broadview Advisors, a firm which seeks to support companies in the retail and apparel industries in implementing their strategic and operational initiatives. She served in a number of senior roles at Goldman Sachs over the 12 years she worked there and was recognized as one of the top retail analysts by Investor Magazine for nine years in a row.
“We are pleased to welcome Bob, Lynne and Margaret, three seasoned retail leaders, to our Board of Directors,” stated Jerry Rossi, Chief Executive Officer of Gabe's in a release. “Their deep understanding of our industry and consumer trends, along with their expertise in operations, finance and brand building will be invaluable as we continue to grow our business through new store openings, expansion into new regions, and a number of strategic and operational initiatives.”
Founded as Gabriel Brother’s, Inc. in 1961, Gabe’s was acquired by Warburg Pincus in 2016. The Morgantown, West Virginia-based value fashion retailer opened 13 new locations last year and currently operates over 110 stores in 12 states spanning the Mid-Atlantic and Southeast.
According to the release, Gabe’s is positioned for continued growth in 2018.
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