Teenage savvy clothing line, dELiA*s, Inc., announced today their Board of Directors is growing from five members to seven. Shareholder representatives Michael Zimmerman, the founder and CEO of Prentice Capital Management, LP, and Mario Ciampi, the managing partner of Prentice Capital Management, LP, will join the Board effective March 25, 2011. Mr. Zimmerman will also serve as a member of the Corporate Governance and Nominating Committee and Mr. Ciampi will be a member of the Compensation Committee.
With a B.A. from Harvard University, Mr. Zimmerman, 40, founded Prentice Capital Management, LP, a New York-based private investment firm, in May 2005. Mr. Zimmerman also serves as a director of Kid Brands, Inc., a wholesaler of infant and juvenile branded products. Previously, he served on the board of directors of The Wet Seal, Inc and managed investments in the retail and consumer sector for S.A.C. Capital.
Mr. Ciampi, 50, currently serves as a managing partner at Prentice Capital Management. His experiences include time as President of Disney Store – North America, a division of The Children’s Place Retail Stores, Inc., He has worked for The Children’s Place in various capacities, most recently as Senior Vice President – Operations. Mr. Ciampi also serves as a director of Kid Brands, Inc. and Bluefly, Inc., an Internet retailer of discounted designer apparel and accessories. Mr. Ciampi received a B.A. from Fordham University.
Carter Evans, Chairman, remarked, “We believe that it is appropriate to have shareholder representation on our Board. Appointing Michael and Mario to our Board will allow us to benefit more directly from their insights and experience in the retail and investment industries and offer them an opportunity to help enhance value for all of our shareholders.”