NEW YORK — Peter Boneparth, president and chief executive officer of McNaughton Apparel Group, has added the title of chairman.
He succeeds Sanford Greenberg, who will retain his post as a director and continue to remain involved in the company’s Norton McNaughton of Squire division.
The 41-year-old Boneparth joined McNaughton in 1997. The former investment banker was senior managing director and head of investment banking at Rodman & Renshaw. In 1994, he helped take the manufacturer public. Previously, he was active in underwriting and merger and acquisition activities for numerous apparel and retail companies.
The vendor, which had net sales of $407.8 million in 1999 and produces the labels Norton McNaughton, Miss Erika, Jamie Scott and Currants, also said that Palmer Garson, 44, and Matthew Kahn, 41, two outside directors, have also been elected to its board. Garson is a partner at Jefferson Capital Partners, a private equity firm catering to the consumer segment, and Kahn is the president of GB Equity Partners, a private equity firm specializing in investments in retailer and consumer companies.