Thomas Kingsbury, president and chief executive officer of Burlington Stores Inc., has added the title of chairman.
Kingsbury joined Burlington as president and ceo in 2008, two years after the company was acquired for $2.06 billion and taken private by Bain Capital. He was previously senior executive vice president of Kohl’s Corp.
The post of chairman had been vacant since the Bain acquisition. It was last held by Monroe Milstein, founder of the off-price retailer.
The company went public through an initial public offering last year.
The board said that Kingsbury “has provided excellent strategic direction for the business and he has used his leadership skills to build a strong team at the company. The growth of the business has been impressive under Tom’s leadership and we look forward to this continuing under Tom’s expanded role as chairman and ceo.”
The Burlington, N.J.-based firm also formed a nominating and corporate governance committee of its board of directors with responsibility for identifying potential directors. John Mahoney has been appointed its chairman and Tricia Patrick and Jordan Hitch have been appointed members of the new committee.
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