Citi Trends, Inc. Adds Brian Carney to Board of Directors
November 30 2007 - 1:35PM
PR Newswire (US)
SAVANNAH, Ga., Nov. 30 /PRNewswire-FirstCall/ -- Citi Trends, Inc.
(NASDAQ:CTRN) today announced that Brian P. Carney has joined the
Company's Board of Directors, effective immediately. With his
appointment, the Board now consists of five directors, four of whom
are independent directors. Mr. Carney will serve on the Nominating
and Corporate Governance Committee, the Audit Committee and the
Compensation Committee of the Board of Directors. A 25-year retail
and public company veteran, Mr. Carney currently serves as
Executive Vice President and Chief Financial Officer of BI-LO, LLC,
a position he has held since 2005. His extensive finance career
includes serving for 8 years as Chief Financial Officer for Jo-Ann
Stores, Inc., as well as more than 8 years with Revco, where he
served as Senior Vice President of Finance for the Company. Mr.
Carney began his career with Arthur Andersen & Co. in 1982 and
he is a CPA and a member of the AICPA and South Carolina Society of
CPA's. Ed Anderson, Chairman and Chief Executive Officer of Citi
Trends, noted, "We are pleased to add Brian to the Board of
Directors. As a highly successful chief financial officer, he is
well-versed not only in all areas of finance but also in strategic
planning, real estate and retail supply chain operations. His
experience in fast-growth retail environments was also very
attractive to us and should help guide the Company as we execute
our growth plans." About Citi Trends Citi Trends, Inc. is a
value-priced retailer of urban fashion apparel and accessories for
the entire family. The Company currently operates 319 stores
located in 20 states in the Southeast, Mid-Atlantic and Midwest
regions and the state of Texas. Citi Trends' website address is
http://www.cititrends.com/. CTRN-E DATASOURCE: Citi Trends, Inc.
CONTACT: Bruce Smith, Chief Financial Officer, +1-912-443-2075, or
Ed Anderson, Chairman and Chief Executive Officer, +1-912-443-3705,
both of Citi Trends, Inc. Web site: http://www.cititrends.com/
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