Pacific Sunwear of California, Inc. has added Grace Nichols to its Board of Directors. Ms. Nichols has worked for more than 20 years at Limited Brands, including fourteen years as CEO of Victoria's Secret Stores. Ms. Nichols retired from the CEO role in January 2007. Prior to joining Limited Brands, she held various positions at The Broadway and Weinstock's, divisions of Carter, Hawley Hale Stores Inc.
Earlier this month, Michael Weiss resigned from his position on the company's Board after he was named CEO of Limited Brands' Express division.
Sally Frame Kasaks, CEO and chairman of the Board of the company, stated, “I am very pleased to have Grace Nichols join our Board of Directors. We believe Grace will be a great asset to the ongoing plans of our company.”
Ms. Nichols' appointment takes the size of the company's Board of Directors to seven members. She will serve as a Class II director for a term of office expiring at the company's annual meeting of shareholders in 2008.
