G-III Apparel Group, Ltd. (Nasdaq: GIII)
today announced that Wayne S. Miller has been promoted to the newly
created position of Chief Operating Officer in addition to maintaining
his current duties as Chief Financial Officer.
Mr. Miller will oversee the company's operations in the areas of new
business development, distribution, finance and information technology.
He will continue to report directly to Morris Goldfarb, the Company's
Chairman and Chief Executive Officer. Mr. Miller has been GIII's Chief
Financial Officer and Senior Vice President since April 1998. In
November 1998, Mr. Miller was also elected Secretary and Treasurer. Mr.
Miller began his career with Ernst & Young and has held various senior
level financial positions in the apparel industry prior to joining
Morris Goldfarb, Chief Executive Officer, said ''Wayne has been an
invaluable member of our management team and we are pleased to appoint
him to this newly created position within G-III. In addition to his
financial expertise, Wayne possesses a deep understanding of our
company from an operational perspective. He is also an integral part of
our strategic planning process. I am confident that he will serve us
well in this new capacity and that his insight will continue to be
instrumental in leading G-III through its next stage of growth.''
Also today, the Company announced that Neal Nackman has been hired as
the Vice President-Finance. Neal was formerly a partner with Grant
Thornton and subsequently held senior level finance positions at
Nautica, Inc., Perry Ellis, Inc. and Martha Stewart Living Omnimedia.
Mr. Nackman will report directly to Mr. Miller and will support him in
his duties as Chief Financial Officer.