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Chico's FAS, Inc. Strengthens Its Management Team

01/23/2008

FORT MYERS, Fla., Jan. 23 /PRNewswire-FirstCall/ -- Chico's FAS, Inc. (NYSE: CHS) today announced several additions to its management team as part of its continuing effort to strengthen its management team and position the Company for future growth.

(Logo: http://www.newscom.com/cgi-bin/prnh/20030428/CHICOLOGO )

Elaine L. Boltz joins the Company as Senior Vice President-Strategy and Consumer Research. Ms. Boltz will be responsible for leading the Company's Direct to Consumer efforts and providing the Company with key strategies on improving consumer insight and research. Ms. Boltz will report to Scott A. Edmonds, Chairman, President, and Chief Executive Officer. Ms. Boltz has extensive experience in retail and was previously employed by Ann Taylor Corporation where she served in numerous executive capacities, most recently as Executive Vice President, Corporate Strategy and Chief Marketing Officer.

Judd Harner joins the Company as Senior Vice President-Chief Marketing Officer for the Chico's brand. Mr. Harner will be responsible for leading the creative marketing team for the Chico's brand and will report to Michele Cloutier, Brand President-Chico's. Mr. Harner was previously President and Chief Operating Officer for Desgrippes Gobe where he worked extensively with Chico's on refining the Chico's brand and brand strategy.

George M. Reider joins the Company as Senior Vice President-White House | Black Market Stores. Mr. Reider will be responsible for leading the White House | Black Market field organization and will report directly to Donna Noce, Brand President-White House | Black Market. Mr. Reider has wide-ranging retail store experience working for companies such as Gap, Inc., Polo Ralph Lauren, and Ann Taylor Corporation. Most recently, Mr. Reider worked as President of Retail for S. Schwab and Company.

Ronald L. Shulman joins the Company as Senior Vice President-Chico's Production & Sourcing. Mr. Shulman will be responsible for all aspects of sourcing and production for the Chico's brand and will report directly to Michele Cloutier. Mr. Shulman has over 35 years of retail experience. Prior to joining the Company, Mr. Shulman served as Vice President, Sourcing for J.C. Penney, Inc. and also worked in numerous executive capacities for Limited Brands, Inc.

Evelyn Reynolds joins the Company as Vice President-Chico's Merchandising. Ms. Reynolds will be responsible for overseeing the Woven and Accessories businesses for the Chico's brand and will report directly to Michele Cloutier. Prior to joining the Company, Ms. Reynolds was the Vice President, Accessories, Gifts, and Spa at Coldwater Creek. She also served in numerous executive capacities at Holt Renfrew.

Mary P. Tucker joins the Company as Vice President-Chico's Merchandising. Ms. Tucker will be responsible for overseeing the knitwear business for the Chico's brand and will report directly to Michele Cloutier. Ms. Tucker previously served as Vice President, Merchandise Manager, Knitwear Division at Victoria's Secret Direct and has also worked for J. C. Penney and Neiman Marcus.

Scott A. Edmonds, Chairman, President & CEO, commented, "We continue to improve the bench strength of our leadership team with the recruitment of top talent to support the future success of the organization. These additions to our executive team will significantly enhance our skills and capabilities across the organization."

The Company is a specialty retailer of private branded, sophisticated, casual-to-dressy clothing, intimates, complementary accessories, and other non-clothing gift items. The Company operates 1,037 women's specialty stores, including stores in 48 states, the District of Columbia, the U.S. Virgin Islands and Puerto Rico operating under the Chico's, White House | Black Market and Soma Intimates names. The Company has 601 Chico's front-line stores, 38 Chico's outlet stores, 308 White House | Black Market front-line stores, 19 White House | Black Market outlet stores, 70 Soma Intimates front- line stores and 1 Soma Intimates outlet store.

Certain statements contained herein, including without limitation, statements addressing the beliefs, plans, objectives, estimates or expectations of the Company or future results or events constitute "forward- looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements involve known or unknown risks, including, but not limited to, general economic and business conditions, and conditions in the specialty retail industry. There can be no assurance that the actual future results, performance, or achievements expressed or implied by such forward-looking statements will occur. Users of forward-looking statements are encouraged to review the Company's latest annual report on Form 10-K, its filings on Form 10-Q, management's discussion and analysis in the Company's latest annual report to stockholders, the Company's filings on Form 8-K, and other federal securities law filings for a description of other important factors that may affect the Company's business, results of operations and financial condition. The Company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that projected results expressed or implied in such statements will not be realized.

For more detailed information, please call (877) 424-4267 to listen to the Company's monthly sales information and investor relations line

A copy of a slide show addressing the Company's recent financial results and current plans for expansion is available on the Company's website at http://www.chicos.com in the investor relations section under Our Company

Additional investor information on Chico's FAS, Inc. is available free of charge on the Company's website at http://www.chicos.com in the investor relations section under Our Company

    Executive Contacts:

    Kent A. Kleeberger         F. Michael Smith
    Executive Vice President   Vice President
    Chief Financial Officer    Investor and Community Relations
    Chico's FAS, Inc.          Chico's FAS, Inc.
    (239) 274-4987             (239) 274-4797


SOURCE  Chico's FAS, Inc.
    -0-                             01/23/2008
    /CONTACT:  Kent A. Kleeberger, Executive Vice President and Chief
Financial Officer, +1-239-274-4987; or F. Michael Smith, Vice President of
Investor and Community Relations, +1-239-274-4797, both of Chico's FAS, Inc./
    /Photo:  NewsCom:  http://www.newscom.com/cgi-bin/prnh/20030428/CHICOLOGO
              AP Archive:  http://photoarchive.ap.org
              PRN Photo Desk, photodesk@prnewswire.com/
    /Web site:  http://www.chicos.com /
    (CHS)

CO:  Chico's FAS, Inc.
ST:  Florida
IN:  REA
SU:  PER

GK-JK
-- CLW033B --
1831 01/23/2008 16:05 EST http://www.prnewswire.com
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  • David M. Oliver

  • Senior Vice President, Finance - Controller
  • cfo@chicos.com