Deb Shops Names Questrom as Nonexecutive Chairman
Philadelphia Veteran retailer Allen Questrom, the former CEO of J.C. Penney, Federated Department Stores and Barneys New York, has been named nonexecutive chairman at Deb Shops Inc.
The announcement was made by Prospect Capital Corp., which has invested in the takeover of the formerly public Deb Shops this year by the Lee Equity Partners private-equity firm.
Children’s Place Names CFO
Secaucus, N.J. The Children’s Place Retail Stores Inc. said Wednesday it promoted its senior VP of finance to the position of CFO and principal accounting officer. The appointment of Richard Paradise, 45, was effective Dec. 6, after the company became current in all of its Securities and Exchange Commission filings, Children’s Place said.
Paradise joined the retailer in November and most recently served as VP and CFO of American Standard Cos.’ bath & kitchen division.
Citi Trends President to Retire
Savannah, Ga., Citi Trends Inc. said Wednesday that company president and chief merchandising officer George A. Bellino will retire in the spring or summer of 2008.
The value–priced apparel company said it will start a search for a new chief merchandising officer immediately.
Bellino has been in his current role since 2001 and was a company director from 1999 to 2005. He was previously chief executive of the company as well.