Laurens Goff to Be Added to the Board
SAVANNAH, Ga.--(BUSINESS WIRE)--
Citi Trends, Inc. (NASDAQ: CTRN) today announced that on November 4,
2013, Patricia M. Luzier informed the Company of her decision to retire
from the Board of Directors due to other business demands.
Citi Trends also announced that Laurens M. Goff has joined the Company's
Board. Mr. Goff will serve on the Nominating and Corporate Governance
Committee, the Audit Committee and the Compensation Committee of the
Board of Directors.
Mr. Goff is a co-founder and Managing Partner of Stone-Goff Partners, a
private equity firm focused on investing in private companies in the
lower middle market. Mr. Goff began his career in the investment banking
division of Furman Selz LLC. He subsequently joined Hampshire Equity
Partners, a middle market buyout firm, where he spent over eight years
sourcing, executing and managing private equity investments, including
Citi Trends, prior to its initial public offering in 2005.
Ed Anderson, Chairman and Chief Executive Officer of Citi Trends, noted,
"Pat has been a valuable contributor to Citi Trends since joining the
Board in 2005. She will be missed by all of us; however, we understand
the demands on her time and wish her the best in her future endeavors."
Mr. Anderson continued, "We believe that Laurens' previous experience as
a director of Citi Trends prior to the Company's initial public
offering, together with his experiences with a number of other
businesses, will make him a valuable addition to our Board."
About Citi Trends
Citi Trends, Inc. is a value-priced retailer of urban fashion apparel
and accessories for the entire family. The Company operates 505 stores
located in 29 states. Citi Trends' website address is www.cititrends.com.
Citi Trends, Inc.
Bruce Smith, 912-443-2075
Ed Anderson, 912-443-3705
Chairman & Chief
Source: Citi Trends, Inc.
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