Ann Taylor Names Non-Exec Chairman of the Board

New York City, Ann Taylor Stores has announced the election of Ronald W. Hovsepian as non-executive chairman of the board, effective upon the retirement of J. Patrick Spainhour as chairman and CEO. Hovsepian has been a member of the Ann Taylor board since 1998.

According to the company, the appointment is an important step in its management succession plan, which has been designed to assure a smooth transition to Ann Taylor’s next generation of leaders.