Kay Krill to Resign as President and CEO of ANN INC.

Ascena Retail Group, Inc. today announced that Kay Krill is transitioning from president and CEO of ANN INC. and has been appointed to Ascena’s board of directors. Gary Muto, who currently serves as president of ANN brands, will succeed Ms. Krill as president and CEO of ANN INC., a subsidiary of Ascena. Ms. Krill will work closely with Mr. Muto to ensure a seamless transition of this leadership role in overseeing all aspects of ANN INC. and the Ann Taylor, LOFT and Lou & Grey brands.