News

Liz Claiborne CEO to Retire

BY CSA STAFF

New York City, Liz Claiborne Inc. announced on Tuesday that Paul Charron, chairman and CEO, plans to retire at the end of 2006, when his current contract expires.

Charron, 63, has served as CEO since 1995 and chairman since 1996. The company said it would consider both internal and external candidates to fill the position. Charron joined Liz Claiborne in 1994 as vice chairman, COO and a director.

Liz Claiborne also announced that executive VP Trudy Sullivan has been named president. Sullivan joined the firm in 2001. Previously, she had been president of J. Crew.

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News

Barnes & Noble Appoints Director

BY CSA STAFF

New York City, Barnes & Noble appointed William F. Reilly to its board of directors. Reilly has been CEO of Aurelian Communications, a special-interest publisher, since he founded it in February 2002. He served as chairman and CEO of Primedia Inc., a specialty media company, from February 1990 to 1999. He also served as a member of the board of directors of Barnes & Noble.com from 1999 to 2004.

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FINANCE

SEC Puts Ingles on Notice

BY CSA STAFF

Asheville, N.C., Supermarket chain Ingles Markets Inc. was put on notice by the U.S. Securities and Exchange Commission that the commission will recommend civil action against the company. In a statement, Ingles said the SEC’s Wells notice relates to vendor contracts the company entered into in 2002 and 2003 and internal accounting control issues that have been previously disclosed.

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