The Children’s Place Announces Appointment to Its Board of Directors
The Children's Place (PLCE) has appointed Rhys Summerton to its Board of Directors and Audit Committee. Summerton, who qualifies as an independent director and 'audit committee financial expert' under SEC and Nasdaq rules, will serve until the 2025 annual stockholders meeting.
Summerton currently serves as Fund Manager and Investor at Milkwood Capital, a global value-oriented investment company. His previous experience includes roles as Global Head of Emerging Market Equity Research and Managing Director at Citigroup (2008-2013), Senior Investment Analyst at Citigroup (2001-2008), and Auditor at Ernst and Young.
The Children's Place (PLCE) ha nominato Rhys Summerton nel suo Consiglio di Amministrazione e nel Comitato di Revisione. Summerton, che soddisfa i requisiti di direttore indipendente e 'esperto finanziario del comitato di revisione' secondo le norme della SEC e del Nasdaq, servirà fino all'assemblea annuale degli azionisti del 2025.
Attualmente, Summerton ricopre il ruolo di Fund Manager e Investor presso Milkwood Capital, una società di investimento globale orientata al valore. La sua esperienza precedente include ruoli come Responsabile Globale della Ricerca sulle Azioni dei Mercati Emergenti e Managing Director presso Citigroup (2008-2013), Analista di Investimento Senior presso Citigroup (2001-2008) e Revisore presso Ernst and Young.
The Children's Place (PLCE) ha nombrado a Rhys Summerton en su Junta Directiva y en el Comité de Auditoría. Summerton, que califica como director independiente y 'experto financiero del comité de auditoría' según las normas de la SEC y Nasdaq, servirá hasta la reunión anual de accionistas de 2025.
Actualmente, Summerton se desempeña como Gerente de Fondos e Inversionista en Milkwood Capital, una compañía de inversión global orientada al valor. Su experiencia previa incluye roles como Jefe Global de Investigación de Acciones de Mercados Emergentes y Director General en Citigroup (2008-2013), Analista de Inversiones Senior en Citigroup (2001-2008) y Auditor en Ernst and Young.
어린이의 장소 (PLCE)는 Rhys Summerton을 이사회 및 감사위원회에 임명했습니다. Summerton은 SEC 및 Nasdaq 규정에 따라 독립 이사 및 '감사위원회 재무 전문가'로 자격을 갖추고 있으며, 2025년 연례 주주 총회까지 재직할 것입니다.
현재 Summerton은 글로벌 가치 지향 투자 회사인 Milkwood Capital에서 펀드 매니저 및 투자자로 일하고 있습니다. 그의 이전 경험에는 Citigroup에서 신흥 시장 주식 연구의 글로벌 책임자 및 전무 이사(2008-2013), Citigroup에서 선임 투자 분석가(2001-2008), Ernst and Young에서 감사자로 일한 경력이 포함됩니다.
The Children's Place (PLCE) a nommé Rhys Summerton à son Conseil d'Administration et à son Comité d'Audit. Summerton, qui remplit les critères de directeur indépendant et d' 'expert financier du comité d'audit' selon les règles de la SEC et du Nasdaq, exercera ses fonctions jusqu'à l'assemblée annuelle des actionnaires de 2025.
Actuellement, Summerton occupe le poste de Responsable de Fonds et Investisseur chez Milkwood Capital, une société d'investissement mondiale orientée vers la valeur. Son expérience précédente comprend des rôles en tant que Responsable Mondial de la Recherche sur les Actions des Marchés Émergents et Directeur Général chez Citigroup (2008-2013), Analyste Senior en Investissement chez Citigroup (2001-2008) et Auditeur chez Ernst and Young.
The Children's Place (PLCE) hat Rhys Summerton in seinen Vorstand und den Prüfungsausschuss berufen. Summerton, der gemäß den Regeln der SEC und Nasdaq als unabhängiger Direktor und 'Finanzexperte des Prüfungsausschusses' qualifiziert ist, wird bis zur jährlichen Hauptversammlung der Aktionäre im Jahr 2025 tätig sein.
Derzeit ist Summerton als Fondsmanager und Investor bei Milkwood Capital, einer globalen wertorientierten Investmentgesellschaft, tätig. Zu seinen bisherigen Erfahrungen gehören Positionen als Global Head of Emerging Market Equity Research und Managing Director bei Citigroup (2008-2013), Senior Investment Analyst bei Citigroup (2001-2008) und Auditor bei Ernst and Young.
- Addition of qualified audit committee financial expert to the board
- Appointment brings extensive financial markets and investment expertise
- None.
SECAUCUS, N.J., Feb. 18, 2025 (GLOBE NEWSWIRE) -- The Children’s Place, Inc. (Nasdaq: PLCE), the largest pure-play children’s specialty retailer in North America with an omni-channel portfolio of brands, today announced that the Company has appointed Rhys Summerton to the Company’s Board of Directors and as a member of the Audit Committee. Mr. Summerton will hold office until the annual meeting of stockholders of the Company to be held in 2025. Ms. Summerton is an independent director and qualifies as an “audit committee financial expert” under applicable SEC and Nasdaq rules.
Turki S. AlRajhi, Executive Chairman of the Board of Directors of The Children’s Place, commented, “We are pleased to welcome Rhys to our Board of Directors. Rhys is a thoughtful leader and a man of integrity. I am delighted that he will be joining us.”
Mr. Summerton is Fund Manager and Investor at Milkwood Capital, a long-term, value oriented, global investment company. Prior to launching Milkwood Capital, from 2001 to 2008, he was a Senior Investment Analyst at Citigroup and from 2008 to 2013, Managing Director at Citigroup where he was the Global Head of Emerging Market Equity Research. Mr. Summerton began his career as an Auditor at Ernst and Young.
About The Children’s Place
The Children’s Place is the largest pure-play children’s specialty retailer in North America with an omni-channel portfolio of brands. Its global retail and wholesale network includes two digital storefronts, more than 500 stores in North America, wholesale marketplaces and distribution in 15 countries through six international franchise partners. The Children’s Place designs, contracts to manufacture, and sells fashionable, high-quality, head-to-toe outfits predominantly at value prices. For more information, visit: www.childrensplace.com and www.gymboree.com.
Contact: Investor Relations (201) 558-2400 ext. 14500
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