Share this on

Lenox Adds Clinton Group Vet to Board

By Staff -- Gifts and Dec, 4/19/2007 9:22:00 AM

Eden Prairie, MN — Tabletop company Lenox Group this week expanded its board of directors by one member for a total of eight, tapping Conrad L. Bringsjord to fill the new spot. At the same time, a search was commenced for another independent director with appropriate expertise to serve on the Board.

Senior managing director and senior portfolio manager of Clinton Group, Bringsjord brings more than 20 years of financial expertise to the Lenox Board. Clinton, which owns about 11.6 percent of Lenox Group's outstanding shares of common stock, is an SEC-registered investment advisor that was founded in 1991.

The appointment of Bringsjord is the latest of several steps since the start of the year to beef up the company's financial prowess and improve its outlook.

Lenox, one of the oldest fine tabletop companies in the gift industry, suffered severe financial losses in 2006. And at the start of this year, the company's chair and CEO, Susan Engel, resigned following a 12-year tenure with the company.

Share this on

Talkback

We would love your feedback!

Russ Berrie Names New Chair, Vice Chair

May 25, 2007

GHTA Names 2007 Board

Mar 13, 2007

Cabrese Named VP, Product Development

Apr 11, 2007

Red Envelope Names Pound Chairman

Feb 7, 2007

Smith New CEO at Pier I

Jan 31, 2007

Also by this author

»MORE

Featured Company

Surya

For more than 30 years, the name Surya has been synonymous with high quality, innovation and luxury. Our Fall 2009 collections are no exception. Our designers have masterfully created some of the most cutting edge and versatile pieces to date. Encompassing... more