Thomas Johannes Grote, former President of Esprit, has been named Chief Executive Officer of Mexx Worldwide. Mr. Grote will join the company October 1, 2009 and report to William L. McComb, Chief Executive Officer, Liz Claiborne Inc. Until that time, the current Mexx Management Team will continue to run the business, with involvement of Mr. McComb as needed.
Commenting on this announcement, Mr. McComb said, "Thomas is uniquely qualified to take on the challenges at Mexx. He played a pivotal role in the nearly 15 year growth of the Esprit brand around the globe, building a powerhouse throughout Europe -- the most important market for Mexx. Additionally, he has excellent merchandising skills, is a true marketing and product focused CEO, and has important experience in vertical retail and wholesale, including strong ties to the wholesale community throughout Europe. And perhaps most importantly, he understands and highly appreciates what the Mexx brand ultimately stands for and what made it great from the beginning. We are thrilled to have him joining the team."