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Non-Tech : Gymboree "GYMB"

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To: Marty Rubin who wrote (176)	2/16/2000 12:04:00 AM
From: Marty Rubin	Read Replies (1) of 189

Gymboree chairman Moldaw to assume CEO duties Tuesday February 15, 1:43 pm Eastern Time Gymboree chairman Moldaw to assume CEO duties BURLINGAME, Calif., Feb 15 (Reuters) - Children's apparel retailer Gymboree Corp. (NasdaqNM:GYMB - news) said on Tuesday that its chairman, Stuart Moldaw, has assumed the duties of chief executive officer. He replaces Gary White, formerly vice-chairman of the board and CEO, who has resigned from those positions and from his seat on the board, Gymboree said. The company also announced the resignation of Melanie Cox from the position of president. ''The disappointing sales and the loss in our fourth quarter require us to take action in an effort to return Gymboree to its pre-eminent position as the quality brand for children. We look forward to combining the best practices of our new strategies and our historic position in the marketplace,'' Moldaw said in a statement. biz.yahoo.com

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