NYDJ Appoints New President and CEO
NYDJ Apparel, LLC announced that Robert (Bob) C. Skinner, Jr. has been appointed the new President and CEO of the company. Skinner's appointment coincides with the completion yesterday of the acquisition of NYDJ by lead investor Crestview Partners, a New York-based Private equity firm, and Maybrook Capital Partners, a Los Angeles-based Private equity firm, from Falconhead Capital, LLC and the founding Rudes-Sandel family. Terms of the transaction were not disclosed. NYDJ also announced that Mackey McDonald,SeniorAdvisor at Crestview Partners,and formerChairman and CEO of VF Corporation, was appointed Chairman.
A seasonedapparel industry leader,Skinner built his career over 38years by developingsuccessful brands and businesses, and partneringwith leading designers and retailers.Prior to NYDJ, Skinner was CEO of Smart ApparelU.S. andManaging Director of Smart Shirts Hong Kong. Before Smart, he ledthe former publicly held $2.5 billion Kellwood Company asChairman,President, and CEO.Hejoined Kellwood in 2000 asPresident of menswear. Skinnerbegan his career withOxford Industries and during his 24-year tenurethererose toCorporateVicePresident andPresident of the Oxford Shirt Group.
Skinner said, "In a relatively short period of time, NYDJ has created a passionate following with style-conscious women over 35 years of age in the slimming jean market. I am excited to be part of the NYDJ team and to capitalize on the numerous opportunities the brand has for continued growth." Skinner will be based out of NYDJ's headquarters in Vernon, California. Other present members of the NYDJ management team will remain in their current positions.
McDonald added, "We are very excited aboutinvesting inNYDJ, andBobSkinneris the ideal executive to headthe company.Having served as a NYDJ board member forfour years,Bob knows the company well.He is a strong leader with exceptional experience in the apparel industryand a proven history of building brands.In addition to Bob, the company has a talented and experienced existing management team. We believe the company is in a strong competitive position to continue growing well into the future."