Paradise to resign from Children's Place

SECAUCUS, N.J. The Children's Place Retail Stores announced that Richard Paradise, cfo and principal accounting officer, will resign from his position effective Aug. 1 to pursue another business opportunity. Susan Riley, evp of finance and administration, will reassume the role of cfo in addition to her other responsibilities.

Paradise commented, "I am pleased to have been a part of the team that implemented a number of critical actions at The Children's Place in the past year which strengthened the Company for the future. The Children's Place is well-positioned as a leading value retailer and I know they will continue to be very successful. Now, I look forward to an opportunity which will allow me to take an exciting next step in my career.''