Mr. Feinstein, 80, is a Co-Founder of the Company and has served as Co-Chairman since 1999. He has served as a director since 1971. Mr. Feinstein served as President from 1992 to 1999, and served as Co-Chief Executive Officer from 1971 to 2003.
Mr. Feinstein remains part of the senior leadership of the Company and brings to the Board, among other benefits, his experience in building the Company during its 46-year history and his overall experience in the retail industry, for over 50 years. Although he has recently elected “senior status” under his employment agreement, the Company continues to benefit from his ongoing engagement in the management and affairs of the Company.