This just in from Business Wire:
True Religion Apparel, Inc. (Nasdaq: TRLG) today announced the appointment of Daryl Rosenberg as Chief Operating Officer of the Company, effective June 1, 2006. Mr. Rosenberg replaces Mark Saltzman and will oversee and be responsible for management of operations, production, customer service, warehouse distribution and facilities management for the company. He will also be charged with expanding the True Religion manufacturing base, both domestically and abroad. Mr. Rosenberg will report to Michael Buckley, the President of True Religion Apparel, Inc.
Mr. Rosenberg has extensive experience in the apparel industry and, in particular, in sportswear and denim manufacturing and distribution. From 1992 to 2005, Mr. Rosenberg was a Vice President involved in the production at l.e.i. (formerly R.S.V. Sport, Inc.), a division of Jones Apparel Group. l.e.i. is involved in the design, manufacturing and sales of sportswear and denim apparel to major department and specialty stores throughout the United States. While at l.e.i., Mr. Rosenberg helped managed the growth of the company moving the company from a regional wholesaler with less than $30 million in annual sales into a denim-based apparel powerhouse with sales in excess of $370 million. Additionally, during Mr. Rosenberg's tenure at l.e.i. he oversaw the growth of production from 200,000 finished garments per month to over 3 million per month.
Jeffrey Lubell, Chairman and Chief Executive Officer of True Religion Apparel, Inc. commented, "The entire True Religion team is extremely excited to have Daryl join our company. We are looking forward to working with Daryl to continue to increase our production capacities to meet the ever-increasing demand for our products, to enhance our sourcing capabilities and to reduce product costs, thereby enhancing margins and increasing shareholder value. Daryl has achieved many great accomplishments in the denim market over the past decade and we are confident he will bring a valuable and insightful skill set to the True Religion Apparel, Inc. management team."
Mark Saltzman will continue with True Religion Apparel, Inc. in a consulting role until September 30, 2006.
True Religion Website