Destination XL Group, Inc. Appoints Retail Veteran Carmen R. Bauza to Board of Directors

Rhea-AI Summary

Destination XL Group, Inc. (NASDAQ: DXLG) appointed Carmen R. Bauza to its Board of Directors on December 17, 2021. With over 30 years of retail experience, Bauza's background includes leadership roles at Walmart, HSN, and Fanatics. Her expertise is expected to drive growth opportunities for the company, which focuses on big and tall men’s clothing through its DXL retail and e-commerce platforms. Bauza will serve until the next annual stockholder meeting, aiming to enhance the shopping experience for customers across multiple channels.

Positive

• Carmen R. Bauza brings over 30 years of retail experience, expected to drive growth.
• Bauza has a history of leadership in major companies, likely enhancing strategic direction.

Negative

• The addition of a new board member may indicate a potential gap in current leadership experience.

CANTON, Mass., Dec. 20, 2021 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (NASDAQ: DXLG), the largest omni-channel specialty retailer of big and tall men’s clothing and shoes, announced today that on Friday, December 17^th, it appointed Carmen R. Bauza, 59, to the Company’s Board of Directors. She will serve as a director until the Company’s next annual meeting of stockholders, at which time she will stand for re-election. With her appointment, the size of the Company’s Board of Directors is seven members. Ms. Bauza is currently on the board of managers for privately-owned retailer Claire’s Stores Inc.

“We are excited to welcome Carmen to the board,” said President and CEO Harvey S. Kanter. “She will bring her expertise gathered over 30 years in retail focused on growth opportunities at Walmart, HSN and Fanatics. Carmen’s extensive retail experience will help us as we continue to serve the Big + Tall man wherever he wants to shop: on DXL.com, the App or in one of our stores nationwide.”

Ms. Bauza was born in Ponce, Puerto Rico, and graduated from Seton Hill University, a private university in Pennsylvania, with a Bachelor of Science degree in fashion merchandising. In addition to the companies referenced above, earlier in her career, Ms. Bauza also held positions at Disney and Five Below. She has also served on several boards, including Walmart de Mexico, S.A.B. de C.V (WMMVY), a $30B division of Walmart, Inc. Ms. Bauza has received numerous prestigious awards, including Latina Executive of the Year from Latina Style magazine; Top Women in Chain Pharmacy, from Drug Store News; Abriendo Puertas para Mujeres (Opening Doors for Women) Award from the Committee of Hispanic Children and Families of NYC; and Most Influential Woman of the Year from Mass Market Retailer.

About Destination XL Group, Inc.

Destination XL Group, Inc. is the leading retailer of Men’s Big + Tall apparel that delivers a Big + Tall shopping experience that fits -- fits his body, fits his style, fits his life. Subsidiaries of Destination XL Group, Inc. operate DXL Big + Tall retail and outlet stores throughout the United States as well as Toronto, Canada, Casual Male XL retail and outlet stores in the United States, and an e-commerce website, DXL.com, which offers a multi-channel solution similar to the DXL store experience with the most extensive selection of online products available anywhere for Big + Tall men. The Company is headquartered in Canton, Massachusetts, and its common stock is listed on the Nasdaq Global Market under the symbol "DXLG." For more information, please visit the Company's investor relations website: https://investor.dxl.com.

Investor Contact:
Investor.relations@dxlg.com
603-933-0541

FAQ

Who is Carmen R. Bauza and what is her experience?

Carmen R. Bauza is a newly appointed director at Destination XL with over 30 years in retail, previously working at Walmart, HSN, and Fanatics.

What impact does Bauza's appointment have on DXLG?

Her extensive retail background is anticipated to strengthen strategic growth and enhance customer experience in the big and tall men's market.

When was Carmen Bauza appointed to the Board of Directors?

Carmen R. Bauza was appointed on December 17, 2021.

How many members are on the Board of Directors after this appointment?

With Carmen Bauza's appointment, the Board of Directors now has seven members.

What is the role of Carmen Bauza in the company?

Carmen Bauza will serve as a director until the next annual meeting of stockholders and is expected to contribute to growth opportunities.