Children's Place appoints new executive vice president and CFO

The Children's Place Retail Stores, Inc., a children's specialty apparel retailer, has appointed Michael Scarpa as executive vice president and CFO, effective December 3, 2012. He will report to Jane Elfers, president and CEO.

Mr Scarpa has more than 30 years of financial and operational management experience. Most recently, he was COO and CFO of The Talbots, Inc. with responsibility for Finance, Treasury, Planning and Allocation, Supply Chain, Information Technology and Corporate Strategy. Previously, Mr Scarpa spent 25 years with Liz Claiborne, Inc. where he held positions of increasing responsibility, culminating in his appointment as COO. He began his career in financial positions with Maidenform, Inc. and Krementz and Company.

Steven Baginski, CFO, will be leaving the Company effective immediately to pursue other interests.

"Mike Scarpa brings a wealth of industry and public company experience, and I am very pleased to welcome him to The Children's Place," commented Jane Elfers. "Having known Mike for many years, I am confident that he will be a strong partner as we work together to achieve the Company's full growth potential."