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April 04, 2007
Jones CEO To Leave In 2009
Jones Apparel Group President and CEO Peter Boneparth will be leaving the company when his contract expires on March 31, 2009. His contract could have been extended for another year.
During his tenure Boneparth tried to sell the company but the bids that came in were deemed too low.
Despite this challenge, the company has gone forward with its business strategy and reaped significant gains from its Barneys New York operations.
Blacks’s Take: Boneparth’s departure may offer the company the opportunity to take a new direction, but much will depend on who is chosen to fill his shoes.
Posted by Blacks on April 4, 2007 09:14 AM
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