New York & Company names new CEO

NEW YORK -- New York & Company announced that it has promoted Gregory Scott, president, to the role of CEO effective Feb. 12. As previously announced, Richard Crystal, current chairman and CEO, will retire from the company and its board of directors effective Feb. 11. Grace Nichols, who has served as a director since March 2008, will assume the role of non-executive chair of the board effective Feb. 12. Scott will remain a director of New York & Company’s board, which will be comprised of ten members.

Scott previously served as Chief Executive Officer of Bebe Stores, a specialty retailer of contemporary women’s apparel and accessories. Prior to Bebe, he served as president of Arden B., a division of Wet Seal Inc. Scott has also held senior level merchandising positions at Ann Taylor Stores and was a merchandiser at Henri Bendel, a division of The Limited. Scott began his retail career in the executive training program at Macy's West, a division of Federated Department Stores Inc., where he held several merchandising positions.