The Gymboree Corporation’s CEO To Step Down

San Francisco — The Gymboree Corporation’s current CEO, Mark Breitbard, will assume the role of chairman of the board of directors, effective February 1, 2017, and will step down as chief executive officer once a successor has been appointed.

"I have given serious thought to the evolving needs of The Gymboree Corporation as an organization, and I believe this is the right time for the board of directors to identify a new CEO to lead the company forward as we continue to focus on the strategic plans for our brands," says Breitbard.

The board of directors will initiate a search to identify a CEO to lead the company.

"The board is grateful to Mark for his passion, leadership and significant contributions to Gymboree during his tenure, especially for building a very talented management team that will help lead the future of the company," says Lew Klessel, a member of the board. "We are also excited that Mark will remain with the company as chairman and continue to serve as CEO to ensure a smooth transition."

As of October 29, 2016, The Gymboree Corporation operated a total of 1,300 children's apparel stores: 591 Gymboree® stores (541 in the United States, 49 in Canada and one in Puerto Rico); 174 Gymboree Outlet stores (173 in the United States and one in Puerto Rico); 150 Janie and Jack® shops (149 in the United States and one in Puerto Rico); and 385 Crazy 8® stores in the United States. For more information, visit www.gymboree.com, www.janieandjack.com and www.crazy8.com.

SOURCE: The Gymboree Corporation

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