Basics - People
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The Children's Place Retail Stores, Inc. Names Richard
Paradise Senior Vice President, Finance

The Children's Place Retail Stores, Inc. recently announced the appointment of
Richard Paradise, 45, as Senior Vice President, Finance. It is expected
that Mr. Paradise will assume the role of Chief Financial Officer as
soon as the Company has filed its delinquent SEC financial reports. He
will report directly to Susan Riley, Executive Vice President, Finance
& Administration.

Mr. Paradise joins the Company with more than 20 years of finance
experience. He most recently served at American Standard Companies,
Inc. as Vice President and Chief Financial Officer of the Bath &
Kitchen division, and prior to that as Corporate Vice President &
Controller. Previously, Mr. Paradise held a number of senior financial
positions with AlliedSignal Inc. (currently Honeywell International
Inc.) including Director of Six Sigma and Credit & Collections; Manager
of Financial Business Services; and Manager of Internal Reporting for
EMS, a division of AlliedSignal. He began his career as an auditor with
Price Waterhouse. Mr. Paradise earned his Bachelor of Arts from Rutgers
College, holds an MBA from Rutgers Graduate School of Management, and
is a Certified Public Accountant.

"Rich brings a solid track record of success in finance and we are very
pleased he is joining our management team at this important time in the
life of our Company," said Ms. Riley. "With Rich's significant
operational and process experience, he will be instrumental in helping
us streamline our business and drive efficiencies across the
organization, consistent with our focus in these key areas."

Fiber & Yarn Products, Inc.,
of Hickory, NC

Fiber & Yarn Products, Inc., of Hickory, NC, is pleased to announce that Lee Gordon has become associated with them in a marketing, product development, and sales capacity. Mr. Gordon brings to Fiber & Yarn Products many years of experience in the extrusion of man-made fibers with Allied/Honeywell and in various product development and quality control functions as well as marketing and technical sales positions with Macfield and Unifi.