New York & Company, Inc. Names Gregory Scott as CEO

New York & Company, Inc. NWY, a specialty apparel chain with 555 retail stores, today announced in accordance with its succession plans the promotion of Gregory Scott, President, to the role of Chief Executive Officer effective February 12, 2011. As previously announced, Richard P. Crystal, current Chairman and Chief Executive Officer, will retire from the Company and its Board of Directors effective February 11, 2011. Grace Nichols, who has served as a director since March 2008, will assume the role of Non-Executive Chair of the Board effective February 12, 2011. Mr. Scott will remain a director of New York & Company's Board, which will be comprised of ten members.