G-III Apparel Group, Ltd. announced the election of Lisa Warner Wardell, executive chairman of the Board of Directors of Adtalem Global Education, and Patti H. Ongman, recently retired chief merchandising officer at Macy’s, Inc. and an external advisor to a leading international consulting company, to its Board.
Morris Goldfarb, G-III’s chairman and chief executive officer, said, “We are pleased to welcome Lisa and Patti to our Board of Directors and are looking forward to working with them. Lisa’s business acumen and significant technology focus, combined with Patti’s extensive omni-channel retail operations experience, will provide valuable perspectives to G-III. As we continue to execute our strategy to unlock the value of our brands, their insights into omnichannel and data-driven retail will support our management team’s plans.”
- In addition to her position as executive chairman of the Board of Directors of Adtalem Global Education, Wardell is also a member of the board of American Express Company, the Economic Club of Chicago, the Executive Leadership Council, CEO Action for Diversity and Inclusion, and the Fortune CEO Initiative.
- Ongman currently serves as an external advisor to an international consulting company, guiding clients on digital and retail projects. Ongman is also a member of the New Yorkers for Children Board of Directors, where she serves on the Audit Committee. Previously, Ongman was CMO of Macy’s and its Chief Planning Officer, where she led the company’s merchandising function and omnichannel strategy implementation. Ongman was the founding executive sponsor of WAM, an employee resource group for Women at Macy’s.
G-III also announced that Willem van Bokhorst and Jeanette Nostra-Katz, two long-standing members of G-III’s Board of Directors, have notified the company that they will not stand for re-election at its Annual Meeting of Stockholders in June.
Goldfarb said, “While they will remain on our Board through June, I wanted to take this opportunity to thank Willem and Jeanette for their years of dedicated service to our Board of Directors. We are grateful for their valuable guidance and contributions to G-III’s success. Jeanette will continue in her role as a senior advisor to the company, and we wish Willem all the best in the future.”
After the changes are effective, G-III will have a twelve-member board. In addition, independent directors will constitute 75 percent of its Board, up from 67 percent before these changes.