Jones Apparel (JNY) named veteran retail exec Allen Questrom to its board.
Questrom is principal of AEA Investors. Previously he ran
Barneys New York
Federated Department Stores
"On behalf of the Jones Apparel Group Board of Directors and the entire management team, I want to welcome Allen Questrom," said CEO Peter Boneparth. "He is a proven industry leader with an unparalleled and distinguished career. We look forward to his leadership, guidance and contributions."
On Tuesday, Jones shares fell 22 cents to $28.48.