PARAMUS, N.J., June 27 /PRNewswire-FirstCall/ -- Movado Group, Inc.
(NYSE: MOV) today announced the appointment of Richard Isserman to the
Company's Board of Directors and to the Audit Committee of the Board of
Directors. The addition of Mr. Isserman expands the Company's Board to nine
members and increases the Board's independent membership to six.
Mr. Isserman, age 70, enjoyed a distinguished career with KPMG LLP that
spanned nearly 40 years. For 26 years, Mr. Isserman served as Audit Partner
in KPMG's New York office. Mr. Isserman also led KPMG's real estate audit
practice in New York and was a member of the firm's SEC Reviewing Partners
Committee. He currently teaches accounting courses at Yeshiva University and
Long Island University business schools. Mr. Isserman is a licensed New York
state CPA and is the former Chairman of the New York State Society of CPAs SEC
committee. He is also a member of the American Institute of CPAs and formerly
served on its Board of Examiners. Mr. Isserman is currently the Chairman of
the Corporate Compliance Committee and member of the Audit Committee for the
Federation Employment and Guidance Services, a social service agency in New
York City. He is also a member of the Finance Committee for the Jewish Museum
in New York City.
Efraim Grinberg, President and Chief Executive Officer commented, "We are
very pleased to have Richard join our Board of Directors. Richard will be a
valuable asset to Movado Group with a wealth of experience in finance and
accounting, as evidenced by his numerous leadership positions held within the
profession. As a member of the Audit Committee, Richard will be a great
addition to our strong team and we look forward to his contributions."
Movado Group, Inc. designs, manufactures, and distributes Movado, Ebel,
Concord, ESQ, Coach, Tommy Hilfiger and Hugo Boss watches worldwide, and
operates Movado boutiques and Company stores in the United States.
SOURCE Movado Group, Inc.
/CONTACT: Investor Relations - Suzanne Michalek, Director of Corporate
Communications, Movado Group, Inc., +1-201-267-8000; or Melissa Myron or
Rachel Albert, +1-212-850-5600, both of Financial Dynamics, for Movado Group,
/Web site: http://www.movadogroupinc.com /