New Chief Financial Officer for The Children´s Place

The Children's Place Retail Stores, Inc. (PLCE) has welcomed

on-board Steven Baginski as their new Chief Financial Officer. He will report to Eric Bauer, Chief Operating Officer.

"Steve is a seasoned financial executive with a deep knowledge of the retail apparel business," commented Jane Elfers, President and Chief Executive Officer. "In addition to his strong financial background, he has extensive experience in IT, logistics and procurement which makes him a great asset as we continue our focus on operational excellence."

The new CFO, Baginski, has more than 25 years of financial and management experience. Most recently, he held senior level financial positions with two privately-held companies, Kellwood Company, an apparel manufacturer, marketer and retailer, where he served as CFO.

Previously, Mr. Baginski spent 8 years with Limited Brands, where he held several senior level finance positions, culminating in his role as Senior Vice President, Corporate Finance.