G-III Apparel Group, Ltd. announced that it had promoted Neal Nackman to the position of CFO and elected Laura Pomerantz to its board of directors.

Morris Goldfarb, chairman and CEO, commented, “Our core business and our latest acquisitions have dramatically increased the scope and size of our business. We believe that we are positioned well to continue this trend of growth and that naming Laura to our board and Neal to the position of Chief Financial Officer will enhance our capability to capitalize on our many opportunities. Our Board looks forward to benefiting from the significant experience and expertise Laura has in the retail and fashion fields.”

“We have a deep and talented team here at G-III and we believe we can expect significant contributions from each of these outstanding individuals. Additionally, Neal's promotion to CFO will enable Wayne Miller, who has held that position as well as the position of COO, to focus more of his attention on the integration and operations of our recently acquired businesses, as well as to continue to pursue new business opportunities.”

Mr. Nackman has been the company's vice president, finance since joining G-III in December 2003. From January 2003 until joining G-III, Mr. Nackman was a financial consultant with Jefferson Wells International. For the eight years prior to 2003, he held senior level finance positions at Nautica, Inc., Perry Ellis, Inc., and Martha Stewart Living Omnimedia. Mr. Nackman spent the first 14 years of his career in public accounting with Grant Thornton. He was a partner in Grant Thornton when he left in 1995 to join Nautica. Mr. Nackman will report directly to Wayne Miller.

Ms. Pomerantz is a principal at PBS Realty Advisors LLC, where she advises and negotiates for a wide range of clients on retail and commercial real-estate strategies and transactions. Prior to joining PBS, Ms. Pomerantz was a senior managing director at Newmark & Company Real Estate. Earlier in her career she also held executive and management positions with S.L. Green and The Leslie Fay Companies, Inc. She also served for five years on the Board of Directors for Elder-Beerman Stores, Inc. until its sale in 2003. Ms. Pomerantz has a long and distinguished record of community involvement and support for the fine and performing arts. She is currently a member of the Carnegie Hall Board of Trustees and a member of the Board of Directors of the Richard Tucker Foundation.