PHILADELPHIA, July 24 /PRNewswire-FirstCall/ -- Mothers Work, Inc.
(Nasdaq: MWRK), the world's leading maternity apparel retailer, today
announced that Judd P. Tirnauer, the Company's current Vice
President-Finance, has been promoted to the position of Senior Vice
President-Chief Financial Officer. Mr. Tirnauer has served as Vice
President-Finance of the Company since June 2005, having previously served
with the Company as Vice President-Financial Planning & Analysis since
October 2003, and Director of Financial Planning & Analysis since joining
Mothers Work in November 2001. Mr. Tirnauer has earned both a Masters in
Business Administration degree and a Juris Doctorate legal degree, and has
earned a Certified Public Accountant designation. In connection with the
promotion of Mr. Tirnauer, Edward (Ed) Krell, who has served as the
Company's Chief Operating Officer & Chief Financial Officer, will now have
the title Chief Operating Officer. Mr. Tirnauer continues to report to Mr.
Krell. Mr. Krell continues to report to both Dan Matthias, Chairman of the
Board and Chief Executive Officer, and Rebecca Matthias, President and
Chief Creative Officer.
Ed Krell, the Company's Chief Operating Officer, stated, "We are very
pleased to announce Judd's promotion to Senior Vice President-Chief
Financial Officer. Since joining us in 2001, Judd has taken on increasing
responsibility within the finance area, especially in recent years as I
have taken on management responsibility over more areas outside of the
financial function. Judd has stepped up to these increased responsibilities
in an impressive fashion, has developed strong knowledge of all areas of
our business, and has participated actively in our strategic and
operational initiatives. We look forward to Judd's continuing contributions
to the Company and congratulate him on his new position."
Mothers Work is the world's largest designer and retailer of maternity
apparel, using its custom TrendTrack(TM) merchandise analysis and planning
system as well as its quick response replenishment process to "give the
customer what she wants, when she wants it." As of June 30, 2008, Mothers
Work operates 1,055 maternity locations, including 761 stores,
predominantly under the tradenames Motherhood Maternity(R), A Pea in the
Pod(R), Mimi Maternity(R), and Destination Maternity(R), and sells on the
web through its DestinationMaternity.com and brand-specific websites. In
addition, Mothers Work distributes its Oh Baby by Motherhood(TM) collection
through a licensed arrangement at Kohl's(R) stores throughout the United
States and on Kohls.com.
The Company cautions that any forward-looking statements (as such term
is defined in the Private Securities Litigation Reform Act of 1995)
contained in this press release or made from time to time by management of
the Company, including those regarding expected expense savings, results of
operations, liquidity and financial condition and various business
initiatives, involve risks and uncertainties, and are subject to change
based on various important factors. The following factors, among others, in
some cases have affected and in the future could affect the Company's
financial performance and actual results and could cause actual results to
differ materially from those expressed or implied in any such
forward-looking statements: our ability to successfully manage our various
business initiatives, our ability to successfully manage and retain our
leased department and licensed relationships and marketing partnerships,
future sales trends in our existing store base, weather, changes in
consumer spending patterns, raw material price increases, consumer
preferences and overall economic conditions, the impact of competition and
pricing, availability of suitable store locations, continued availability
of capital and financing, ability to hire and develop senior management and
sales associates, ability to develop and source merchandise, ability to
receive production from foreign sources on a timely basis, potential stock
repurchases, potential debt prepayments, changes in market interest rates,
war or acts of terrorism, and other factors set forth in the Company's
periodic filings with the Securities and Exchange Commission, or in
materials incorporated therein by reference.
Mothers Work press releases available through Company News On-Call at
http://www.prnewswire.com/comp/581877.html
SOURCE Mothers Work, Inc.
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Related links:
http://www.motherswork.com
http://www.prnewswire.com/comp/581877.html/
CONTACT:
Edward M. Krell, Chief Operating Officer of
Mothers Work, Inc., +1-215-873-2220
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