Gymboree Corporation Elects Matt McCauley to Board of Directors

Strategic Insights -

The Gymboree Corporation has announced that Matt McCauley, its President, has been elected to serve as a member of the Company's Board of Directors. McCauley, who took on the role of President in June 2005, has been instrumental in driving growth initiatives, overseeing merchandising, planning, and brand services for Gymboree, Janie and Jack, Janeville, the Company's online stores, and Gymboree Outlet. Chairman and CEO Lisa Harper praised McCauley's leadership and skill, citing his notable accomplishments and genuine passion for the business. McCauley expressed enthusiasm for the company's growth opportunities and confidence in recent developments.

Key Takeaways:

  • Matt McCauley, President of The Gymboree Corporation, has been elected to the Company's Board of Directors, bringing his leadership experience and skill to the role.
  • McCauley has been instrumental in driving growth initiatives, overseeing merchandising, planning, and brand services for Gymboree, Janie and Jack, Janeville, the Company's online stores, and Gymboree Outlet.
  • As President, McCauley joined the Company in July 2001 as Director of Allocation and held various positions at Gap Inc. and Payless ShoeSource, Inc. before being promoted to President in June 2005.
  • Following McCauley's election as director, The Gymboree Corporation's Board consists of eight directors, five of whom are "independent" within the meaning of applicable Nasdaq Marketplace rules.
  • McCauley's election to the Board underscores his commitment to the company's growth and success, as well as his leadership role in driving the company's evolution.

Statistics:

  • The Gymboree Corporation operates a total of 655 stores, including 577 Gymboree retail stores, 62 Janie and Jack retail shops, and 16 Janeville stores.
  • The Company operates online stores at http://www.gymboree.com/ and http://www.janieandjack.com/.
  • The Gymboree Corporation has franchised and company-operated developmental play programs at 517 centers in the United States and 23 other countries.

Sources:

  • The Gymboree Corporation Press Release, October 31.
  • The Gymboree Corporation about page.
  • The Gymboree Corporation's annual report on Form 10-K for the year-ended January 29, 2005.