SUFFERN, N.Y. -- (Business Wire)
Ascena Retail Group, Inc. (NASDAQ: ASNA) , announced today that
Jay S. Levine has been selected by ExecRank as a “Top Chief Accounting
Officer” for 2012. Levine ranked number 31 overall, and number 5 in the
Retail sector, out of more than 30,000 Chief Accounting Officers and
Controllers in the United States. The rankings are the result of 2-years
of research and feedback from evaluation committees and top Chief
Accounting Officers that yielded an algorithm for how to rank CAOs based
on their performance in 24 key areas.
According to Adam Navrozally, Analyst for the rankings division of
ExecRank, “Mr. Levine has over twenty years of executive experience in
leadership and accounting, most notably in the retail and media &
entertainment industries. His record of success in regulatory reporting
and financial operations makes him a great asset to Ascena Retail Group.
Mr. Levine is highly regarded in the Retail Industry, and amongst other
David Jaffe, President and Chief Executive Officer of Ascena Retail
Group commented, “We are pleased to see that Jay is deservedly being
recognized as one of the top Chief Accounting Officers in America. Jay’s
leadership and strong business acumen have served us well in helping us
create a world-class shared services environment to support our family
of brands, and in the integration of our latest acquisition of Charming
Mr. Levine added, “I’d like to thank ExecRank for its recognition of my
contributions to the field of accounting, fair and responsible financial
reporting, and good corporate governance over the past 20-plus years. I
am grateful for the opportunity I had to work through many
transformative and complex transactions with so many top-notch
executives and colleagues through the years, particularly at Time Warner
and now at Ascena Retail Group.”
There are over 30,000 Chief Accounting Officers and Controllers in the
United States. Only the very best are awarded the distinction of being a
part of ExecRank’s “Top Chief Accounting Rankings” for 2012. The number
one area of focus for Top CAOs in 2012 has been their role in
maintaining financial controls and adherence to increasingly difficult
reporting compliance. ExecRank also weighed heavily the recommendations
provided by the CFOs and CEOs of the finalists, as the accounting
process is crucial to analyzing the company’s past and future
performance. In addition, there was a significant uptick in the number
of CAOs that served on boards of directors and displayed a skill set
that is applicable to multiple industries. The CAOs that made this list
represent the best of the best in their field.
For the complete rankings, please visit www.ExecRank.com.
About Ascena Retail Group, Inc.
Ascena Retail Group, Inc. (NASDAQ: ASNA) is a leading specialty retailer
offering clothing, shoes, and accessories for missy and plus-size women
and tween girls, under the Justice, Lane Bryant, maurices,
dressbarn and Catherines brands. Ascena Retail Group, Inc.
operates through its subsidiaries approximately 3,800 stores throughout
the United States, Puerto Rico and Canada.
For more information about Ascena Retail Group, Inc. and its brands,
ExecRank is the definitive ranking service of leading executives who
have achieved the highest level of professional achievement and peer
recognition. ExecRank was founded by Jonathan Aspatore, one of the most
authoritative figures in business publishing. As former CEO of one of
the 5 largest business book publishing houses (Aspatore Books), and
current CEO of three other business media companies. Jonathan has
published over 5,000 of the world’s top business and legal executives,
including C-Level executives (CEO, CFO, CTO, CMO, COO) from 74% of the
Fortune 500 and senior level partners from 100% of the AmLaw 200 largest
law firms. As the creator of the patent-pending, proprietary algorithm
that took 2 years to develop for ExecRank, Jonathan is uniquely
qualified to have created a system that ranks leading executives.
ExecRank rankings reach over 6 million readers a year in the United
States alone given our partnerships
Ascena Retail Group, Inc.
James Palczynski, 203-682-8229
Senior Managing Director
Navrozally, 415-578-7426 ext. 130
Source: Ascena Retail Group, Inc.
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