Hanover Direct (AMEX:HNV)
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From Jun 2019 to Jun 2024
Hanover Direct, Inc. Announces Resignation of Tom Shull
EDGEWATER, N.J., May 6 /PRNewswire-FirstCall/ -- Hanover Direct, Inc. today
announced the resignation of Thomas C. Shull as Chairman of the Board,
President and Chief Executive Officer of the Company and the election of
William B. Wachtel as Chairman of the Board and Wayne P. Garten as President
and Chief Executive Officer of the Company effective immediately. Mr. Wachtel
has served as a member of the Company's Board of Directors since November 18,
2003 while Mr. Garten has served as director of the Company since September 29,
2003, each as a designee of the holder of the Company's Preferred Stock,
Chelsey Direct, LLC.
Mr. Wachtel has been a managing partner of Wachtel & Masyr, LLP, or its
predecessor law firm (Gold & Wachtel, LLP), since its founding in August 1984.
He is the co-founder of the Drum Major Institute, a not-for-profit organization
carrying forth the legacy of Dr. Martin Luther King, Jr. Mr. Wachtel is the
Manager of Chelsey Direct, LLC.
Since January 2004, Mr. Garten has served as the President of Caswell- Massey
Ltd., Inc., a retailer and direct marketer of fragrance and other personal care
products. Prior thereto, he was a financial consultant specializing in the
direct marketing industry. Mr. Garten served as Chief Executive Officer and
President of Popular Club, Inc, a direct selling, catalog marketer of apparel
and general merchandise products, from 2001 to 2003. From 1997 to 2000, he was
Executive Vice President and Chief Financial Officer of Micro Warehouse, Inc.,
an international catalog reseller of computer products. From 1983 to 1996, Mr.
Garten held various financial positions at Hanover Direct and its predecessor,
The Horn and Hardart Company, including Executive Vice President and Chief
Financial Officer from 1989 to 1996. Mr. Garten is a Certified Public
Accountant. Mr. Garten will be transitioning to his new position with the
Company over the next three weeks.
"I am looking forward to the opportunity of rejoining Hanover and working with
the Company's management team and employees in the next phase of its
turnaround," stated Mr. Garten. "On behalf of the Board, I want to express our
gratitude to Tom for his significant contributions to the Company over the past
several years and we wish him well."
About Hanover Direct, Inc.
Hanover Direct, Inc. (AMEX:HNV) and its business units provide quality, branded
merchandise through a portfolio of catalogs and e-commerce platforms to
consumers, as well as a comprehensive range of Internet, e-commerce, and
fulfillment services to businesses. The Company's catalog and Internet
portfolio of home fashions, apparel and gift brands include Domestications, The
Company Store, Company Kids, Silhouettes, International Male, Scandia Down, and
Gump's By Mail. The Company owns Gump's, a retail store based in San Francisco.
Each brand can be accessed on the Internet individually by name. Keystone
Internet Services, LLC (http://www.keystoneinternet.com/), the Company's third
party fulfillment operation, also provides the logistical, IT and fulfillment
needs of the Company's catalogs and web sites. Information on Hanover Direct,
including each of its subsidiaries, can be accessed on the Internet at
http://www.hanoverdirect.com/.
DATASOURCE: Hanover Direct, Inc.
CONTACT: Charles E. Blue, S.V.P & Chief Financial Officer of Hanover
Direct, Inc., +1-201-272-3412; Rich Tauberman of MWW Group, +1-201-507-9500,
for Hanover Direct, Inc.
Web site: http://www.hanoverdirect.com/