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Gymboree Appoints Myles McCormick as CFO

February 12, 2002 at 12:00 AM EST
Gymboree Appoints Myles McCormick as CFO BURLINGAME, Calif., Feb. 12, 2002 – The Gymboree Corporation (Nasdaq: GYMB) today announced the appointment of Myles McCormick as chief financial officer, a promotion from his prior position as vice president of finance.

"Myles has played a key role in restructuring our finance operations and improving our financial discipline and external communications," stated Lisa Harper, Gymboree’s vice-chair and chief executive officer. "Myles has extensive retail experience that will be critical as we develop and execute our strategies for improved productivity, and establish a foundation for growth."

McCormick joined Gymboree in May 2001 as vice president of finance. McCormick’s experience prior to joining Gymboree included roles of increasing responsibility at Electronic Arts, Xuny.com, Bebe, and Esprit de Corp.

McCormick received a master’s degree in business administration from Notre Dame de Namur University and a bachelor’s degree in economics from California Polytechnic University in San Luis Obispo.

About Gymboree
The Gymboree Corporation designs, manufactures and retails unique, high-quality apparel and accessories for children. As of February 1, 2002, Gymboree operated 580 stores, including 528 stores in the United States, 23 stores in Canada and 29 in Europe, as well as an online store at www.gymboree.com. The company also offers directed parent-child developmental play programs at more than 480 franchised and company-operated centers in the United States and 21 other countries.