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Reuters
Published
Feb 1, 2011
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New York & Co names new CEO

By
Reuters
Published
Feb 1, 2011

New York & Co
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Feb 1 (Reuters) - Women's apparel retailer New York & Co (NWY.N) promoted President Gregory Scott as its chief executive, effective Feb. 12.

Scott, who served as the CEO of peer Bebe Stores (BEBE.O) from February 2004 to January 2009, will replace Richard Crystal.

Grace Nichols, who has served as a director since March 2008, will assume the role of non-executive chair of the board.

In April 2010, New York & Co said CEO Crystal, 65, would retire from the company and its board in 2011.

Shares of the company, which have shed nearly 9 percent since Crystal announced his retirement, closed at $5.59 on Monday on the New York Stock Exchange.

(Reporting by Renju Jose in Bangalore; Editing by Prem Udayabhanu)

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