Hicks Lanier to Retire From Board of Directors of Oxford; Tom Chubb Expected to be Named Chairman
"Hicks' tenure at Oxford has been truly remarkable," said E. Jenner Wood III, Presiding Director of Oxford's board of directors. "He expertly navigated the company through times of challenge and change. It was Hicks who conceived and executed Oxford's fundamental strategy to migrate from its historical roots as a private label manufacturer to what it is now - a company that stands firmly on the foundation of its own, well-known lifestyle brands. This strategy is at the heart of the success Oxford enjoys today."
"I have had the privilege of being part of this wonderful company for the past 51 years," commented Mr. Lanier. "As I reflect on it all, I am especially grateful for the honor of serving alongside the exceptional people - past and present - whose talent, dedication and integrity have fashioned Oxford into the terrific company it is today."
"On behalf of Oxford shareholders, directors and employees everywhere, we extend our deepest gratitude to Hicks for all he's done for our company over the course of more than a half century of extraordinary service," commented Mr. Chubb. "Personally, words cannot express how honored I am to have had the opportunity to learn from and work alongside Hicks for these many years. His integrity, leadership and strategic acumen are recognized and admired throughout our industry. And, as always, our company remains steadfastly committed to the fundamental principle Hicks championed - to deliver long-term, sustainable value for our shareholders."
Anne M. ShoemakerPhone: (404) 653-1455 Fax: (404) 653-1545 Email: InvestorRelations@oxfordinc.com
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