David Jaffe assumes Chairman’s role at Ascena Retail Group

The board of directors of Ascena Retail Group has appointed David Jaffe as Chairman of the board. Jaffe also serves as the company’s President and Chief Executive Officer. The board also announced the honorary title of Chairman Emeritus to Elliot Jaffe in recognition of his many years of service to the company.

“David’s extensive retail and financial background, including nearly 25 years of leadership at Ascena, makes him uniquely qualified to assume the role of Chairman of the board,” said Randy Pearce, Ascena’s Lead Independent Director in a company announcement.

David Jaffe succeeds company co-founder Elliot S. Jaffe who retired as non-executive chairman at the end of the 2016 Annual Meeting of stockholders. Elliot Jaffe co-founded Dressbarn in 1962 and served as CEO until 2002. He was Ascena’s chairman of the board until January 2011, when he transitioned to non-executive chairman.

“I am deeply honored and humbled to take on this additional responsibility. I am excited to carry forward EJ’s passion and commitment to Ascena as we continue to grow,” added David Jaffe.

Picture:Dressbarn