NEW YORK -- Teen fashion retailer Delia's has announced the appointment of two shareholder representatives to its board of directors effective March 25. The two new directors are Michael Zimmerman, the founder and CEO of Prentice Capital Management, LP, and Mario Ciampi, the managing partner of Prentice Capital Management, LP. Zimmerman will also serve as a member of the corporate governance and nominating committee, and Ciampi will be a member of the compensation Committee. With the appointment of Zimmerman and Ciampi, the size of the Delia's board of directors will increase from five to seven.
Zimmerman founded Prentice Capital Management, LP, a New York-based private investment firm, in May 2005 and has been its CEO since its inception. Previously, he managed investments in the retail and consumer sector for S.A.C. Capital. Zimmerman also serves as a director of Kid Brands, a wholesaler of infant and juvenile branded products, and previously served on the board of directors of The Wet Seal.
Ciampi is currently a managing partner of Prentice Capital Management, LP. He previously served as president Disney Store North America, a division of The Children’s Place Retail Stores. Prior to that, he served in various capacities for The Children’s Place, most recently as SVP operations. Ciampi also serves as a director of Kid Brands and Bluefly.