Talbots To Replace CEO

Hingham, MA — This week, Talbots’ board of directors formally began the process of identifying a successor to Trudy F. Sullivan, the company’s president and CEO.

Hingham, MA — The Talbots, Inc. announced this week that its board of directors has formally begun the process of identifying a successor to Trudy F. Sullivan, the company’s president and chief executive officer. The board has formed a search committee, comprised solely of independent board members, and has engaged Spencer Stuart to conduct the search.

Sullivan, who intends to retire once a successor has been identified, has agreed to continue to serve as president, CEO and a member of the board of directors of Talbots in the interim to ensure a smooth transition.

“Trudy is an exceptional executive and has been a visionary leader in the specialty retail industry throughout her illustrious career,” says Gary M. Pfeiffer, chairman of the board of directors.

The Talbots, Inc. is a leading specialty retailer and direct marketer of women’s apparel, shoes and accessories. At the end of the third quarter 2011, the company operated 551 Talbots stores in 46 states and Canada.

For more information, visit http://www.talbots.com.