New CEO named at Ashley Stewart

SECAUCUS, N.J. — Ashley Stewart, manufacturer of plus size apparel, announced that its board of directors has appointed Celia Clancy as president and CEO.

"I am thrilled to have the opportunity to lead Ashley Stewart, with its iconic brand in plus size fashion and deep heritage in the urban community," said Clancy. "Alongside a remarkably deep and talented team, we are going to reinforce the brand's leadership position in value-oriented plus size fashion, expand the retail footprint and develop new channels of growth, including e-commerce and potentially licensing. The Company has achieved positive comparable store sales and strong profitability despite a difficult macroeconomic environment. We have excess cash, an undrawn revolver and no third-party debt as we look to significantly accelerate our growth plans."

Clancy has more than 30 years of experience in retail. She has served in leadership roles at various retail brands, including president of AJ Wright, where she is credited for helping to turn around the company.