New face at Trans World Entertainment
Trans World Entertainment Corporation has increased the size of its board of directors from six to seven members with the Wednesday appointment of Martin Hanaka.
The appointment comes a few weeks after the Nominating and Governance Committee of the Albany retailer's board recommended to the full board that it would be "in the best interest of the company and its shareholders " to increase the size of the board.
Hanaka, 64, was recently interim CEO of Guitar Center, and has previously held top roles at Staples, The Sports Authority and Golfsmith International Holdings. He has no relations to anyone on the Trans World board, the company said in a news release issued Wednesday.
“Marty Hanaka brings extensive retail experience and a history of strong leadership to the Company’s Board of Directors,” said Trans World Chairman and CEO Robert J. Higgins in the release. “His experience and knowledge makes him an important addition to our team. I am pleased to have Marty back on our board and look forward to working with him.”
He has served on a dozen public and private boards of directors, including Trans World’s from 1998 through 2009. During his tenure on the company’s Board, he served as presiding director and chairman of the compensation committee.
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