MINNEAPOLIS--Christopher & Banks Corporation (NYSE: CBK) today announced that its Board of Directors has appointed Lorna Nagler as President and Chief Executive Officer effective August 31, 2007. Matthew Dillon has resigned as President and Chief Executive Officer, and as a member of the board of directors, effective August 30, 2007. Ms. Nagler has also been elected as a member of Christopher & Banks' board of directors effective August 31, 2007.
Larry Barenbaum, Chairman of the Board of Directors, said "We are excited to welcome Lorna Nagler as CEO of Christopher & Banks. Her experience in the women's specialty retailing industry and talent as a leader capable of building effective teams make her an outstanding choice to lead our Company as CEO. The Board of Directors shares my confidence in Lorna's ability to lead Christopher & Banks in today's retailing environment."
Mr. Barenbaum continued, "On behalf of the Board, we thank Matt Dillon for his many contributions to Christopher & Banks and wish him well in his future endeavors."
About Lorna Nagler
Ms. Nagler, age 50, most recently served as President of Lane Bryant, a leading retailer of women's specialty, plus-size apparel with more than 800 stores, operating as a division of Charming Shoppes. Before joining Charming Shoppes in April, 2002, Ms. Nagler served as a Senior Vice President and General Merchandising Manager for apparel and jewelry at Kmart Corporation.
About Christopher & Banks
Christopher & Banks Corporation is a Minneapolis-based specialty retailer of women's clothing. The Company operates 807 stores in 45 states under the names: Christopher & Banks, CJ Banks and Acorn. The Company currently has 531 Christopher & Banks stores, 239 CJ Banks stores and 37 Acorn stores.