Women’s apparel company and NYSE listed, ANN INC., which manages Ann Taylor and Loft brands, has appointed Katie J. Bayne to its Board of Directors.
Ms. Bayne will serve as a Class I Director with a term expiring at the 2016 Annual Meeting of Stockholders of the company in accordance with the company’s Certificate of Incorporation. Ms. Bayne’s appointment increases the size of the ANN INC. Board to nine members, eight of whom are independent directors.
An active leader in community and philanthropic work, Ms. Bayne currently sits on the Board of Trustees for the American Film Institute (AFI) and the Board of Trustees of the Lovett School in Atlanta. She also serves on the Board of the Atlanta Women’s Foundation, an organization dedicated to being a catalyst for change in the lives of women and girls and to ending generational poverty. Ms. Bayne holds a BA from Duke University and an MBA from the Fuqua School of Business at Duke University.
Ron Hovsepian, non-executive chairman of the Board, ANN INC., said “Katie is an outstanding addition to ANN INC.’s Board of Directors. She brings an exceptional background in strategic marketing and brand management that will add value to the company. We’re delighted to welcome her to the Board and look forward to her insights and contributions.”
Ms. Bayne said, “I am honored to join ANN INC.’s Board and work with this remarkable team. ANN INC. is one of the leading women’s specialty retailers and I look forward to sharing my experiences and contributing to the future direction and growth of the company.”
Currently serving as senior vice president for Global Sparkling Brands at the Coca-Cola Company, Ms. Bayne is responsible for global marketing, portfolio strategy, and innovation for the flagship brand, Coca-Cola, and the company’s other sparkling brands around the world. She also oversees worldwide licensing, retail and attractions for the Coca-Cola Company.
ANN INC. is the parent company of Ann Taylor and LOFT, two of the leading women’s specialty retail fashion brands in North America. As of November 1, 2014, the company operates 1,050 Ann Taylor, Ann Taylor Factory, LOFT, LOFT Outlet and Lou & Grey stores in 47 states, the District of Columbia, Puerto Rico, and Canada. (GK)
