Ann Taylor director resigns from board

NEW YORK AnnTaylor Stores today announced that Robert Grayson has resigned from the company's board of directors to devote more time to his other business obligations. Grayson is president of The Grayson Company. He has served as a director of AnnTaylor Stores since 1992.

Commenting on the announcement, chairman of Ann Taylor's board, Ronald Hovsepian, stated, "We regretfully accept Bob's resignation, but understand his desire to spend more time on other obligations. We thank him for his contributions to Ann Taylor and wish him all the best in the future."

Grayson added, "It has been my privilege to serve on Ann Taylor's board for the last 15 years. I leave to spend more time on other commitments, proud of my association and tenure with such a well-respected retailer."