New COO announced.
The Bombay Company, Inc. Names President and Chief Operating Officer
FORT WORTH, Texas, Feb. 12 /PRNewswire/ -- The Bombay Company, Inc. (NYSE: BBA) today announced the hiring of Ms. Carmie Mehrlander as President and Chief Operating Officer of the Company. Ms. Mehrlander, 46, joins Bombay after serving in key management and merchandising positions at Home Shopping Network, Sears Roebuck & Company, Macy's East and Abraham & Straus. Ms. Mehrlander brings over 25 years of marketing and retailing experience to Bombay. She will also serve on Bombay's Board of Directors. Mr. Robert S. Jackson, 52, who has been interim President and Chief Executive Officer since April 1997 will continue in the position of CEO.
"I am very pleased that Bombay has found an executive and merchant with the broad range of talents that Carmie Mehrlander possesses," said Mr. Jackson. "Carmie brings a critical set of skills needed to drive top line sales growth."
"I am very excited to join The Bombay Company," said Ms. Mehrlander. "It is a company that has tremendous potential to be a major player in the specialty retail home market. I look forward to the opportunities that the Bombay brand provides, as it is an excellent platform from which to strengthen the company."
"Under Bob Jackson and his management team, Bombay has begun to turn around, specifically in the areas of cost controls, improving margins and liquidity," said Mr. Clayton E. Niles, Chairman of the Board of Bombay. "We have greatly improved our infrastructure and processes. With Bob staying on as CEO, Carmie will be able to initially concentrate on merchandising, marketing and operating issues with the primary focus on enhancing revenue growth."
The Board further announced that pursuant to its retirement policy, Mr. Niles, a director of the Company since 1982, and Chairman of the Board since September 1996, will retire from the Board effective May 21, 1998. Robert Jackson will become Chairman following Mr. Niles' retirement.
The Bombay Company, Inc. is a specialty retailer marketing classic and traditional furniture, prints and accessories through a network of 415 Bombay stores in the United States and Canada.
SOURCE The Bombay Company, Inc.
CO: The Bombay Company, Inc.
ST: Texas
IN: REA
SU: PER
02/12/98 08:27 EST prnewswire.com
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