Donnkenny Inc. Announces Promotions of Sharon Wax and Glenn Lembersky.Business Editors NEW YORK--(BUSINESS WIRE)--April 28, 2003 Donnkenny, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:DNKY) today announced that Sharon Wax, President of the Company's Pierre Cardin
Both Ms. Wax and Mr. Lemberksy will report to Daniel H. Levy, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and Chairman of the Company. In commenting upon the promotions, Mr. Levy stated: "The Company is pleased to have such capable and experienced people on staff to head our two business groups." Mr. Levy continued: "We are excited about the future contributions of our new Group Presidents and I look forward to working with them in growing our business. While we may be facing difficult periods until the retail climate and the economy improve, we believe we have the right people in place to continue the progress Donnkenny has been making." Ms. Wax has spent her entire career in the apparel industry, working first for May Merchandising Group. Most recently, before joining the Company, Ms. Wax was Senior Vice President of Merchandising for Associated Merchandising Corporation and President of Liz Claiborne This article is about the corporation Liz Claiborne Inc. For the fashion designer who founded the company, see Liz Claiborne (fashion designer). Liz Claiborne Inc. Kids, a division of Baby Togs. Mr. Lembersky also has his origins in the retail industry, spending six years with May Company California May Company California was a chain of department stores operating in the Southern California and Nevada, previously with headquarters in North Hollywood, California. It was a division of May Department Stores and merged with May's other Southern California division, J. W. . Prior to joining Donnkenny, Mr. Lembersky was Executive Vice President of Cherokee Apparel, Vice President of Sales for Kayo of California and Executive Vice President of Sag Harbor Sag Harbor A village of southeast New York on the eastern end of Long Island on an inlet of Long Island Sound. A major whaling port in the early 19th century, it is today primarily a resort. Population: 2,360. Special Markets Division of the Kellwood Company. Donnkenny designs, manufactures, imports and markets a broad line of moderately priced women's sportswear. The Company's major labels include Pierre Cardin(R), Harve Benard(R), Donnkenny(R), Casey & Max(R) and Victoria Jones(R). Except for historical information contained herein, the statements in this release are forward-looking and made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the Company's actual results in future periods to differ materially from forecasted results. Those risks include a softening of retailer or consumer acceptance of the Company's products or pricing pressures and other competitive factors. These and other risks are more fully described in the Company's 10-K and 10-Q filings with the Securities and Exchange Commission. |
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