MARCUS, SCHRAGE JOIN BOARD AT LANDS’ END
NEW YORK — Richard Marcus and Paul Schrage have been added to the board of directors of Lands’ End, effective Jan. 26.
The two fill spots previously occupied by David Heller and Howard Krane, who earlier reported their intention to resign their positions.
Marcus, former chief executive of Neiman Marcus, has subsequently been a new media entrepreneur and consultant working with the InterSolve Group, which he cofounded. The firm worked with Internet companies including Fashionmall and XcelleNet. During the mid-Nineties, he was ceo of men’s tailored clothing manufacturer Plaid Clothing group, and since 1997 has been senior adviser with the New York-based investment banking firm Peter J. Solomon Company.
Schrage was senior executive vice president and chief marketing officer of McDonald’s Corporation when he retired in 1997 after 30 years with the fast-food giant.
Gary Comer, Lands’ End founder and chairman, noted: “Paul’s expertise in marketing and advertising, and Richard’s long-term involvement in retailing and e-commerce are outstanding. Both of them will enhance and complement the talents of our board.”
The Dodgeville, Wis.-based direct apparel marketer reported in December that Heller and Krane, who have served as directors since 1986 when the company went public, are each resigning to make time for other interests.