Eddie Bauer Holdings, Inc. hired Vic Blanco as vice president, real estate and asset management. Most recently, Blanco served as the Director of Real Estate Alliances for Starbucks Coffee Company where he spearheaded a five year strategic plan for national mall-development resulting in the opening of 250 new locations.
Prior to Starbucks, Blanco was a leasing executive for The Taubman Company. His career also includes the position of General Manager for Robinsons May department stores and multiple buying positions for Carter Hawley Hale, also a department store group. Ann Perinchief, Senior Vice President, Retail Operations commented, “I am thrilled to welcome Vic to Eddie Bauer. He is highly accomplished, with exceptional skills and experience that will have an immediate impact for Eddie Bauer. I look forward to leveraging the depth and breadth of his experience to help our brand come to life in the look, feel and location of our stores.”
Blanco will receive an inducement grant under NASDAQ Marketplace Rule 4350(i) to join the Company of stock options to purchase 12,750 shares of the Company's common stock, vesting ratably over four years, with an exercise price of $0.75. Blanco will also receive 4,250 restricted stock units from the company's equity incentive plan.