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Sometimes you hire guys with connections >> Hampshire Group Appoints William Drozdowski Interim Chief Financial Officer

March 16, 2015 04:05 PM Eastern Daylight Time

NEW YORK--(BUSINESS WIRE)--Hampshire Group, Limited (OTC Markets: HAMP) today announced that, pursuant to an agreement with financial services and consulting firm, GRL Capital Advisors, it has retained the services of William Drozdowski as the Company’s interim Chief Financial Officer.

Mr. Drozdowski brings more than 25 years of financial and operational experience to Hampshire. Over the past eight years, he has served as interim Chief Financial Officer and/or Financial Advisor for thirteen of GRL Capital Advisors’ clients in the retail, wholesale, manufacturing and distribution industries, among others. Before joining GRL in 2006, Mr. Drozdowski was financial controller with Urban Brands, a leading women's specialty retailer with stores across the United States, Puerto Rico and the U.S. Virgin Islands. Before that he was the Director of Finance at Petrie Retail Inc., a major retailer of women's apparel that operated stores under a variety of names, including Petrie's, Winkelman's, Stuarts, M.J. Carroll, Rave, and G&G. Earlier in his career, Mr. Drozdowski served as Controller for Petrie Stores Corp.

Mr. Drozdowski holds a BA in Accounting from William Paterson University.

Paul M. Buxbaum, Chief Executive Officer of Hampshire Group, commented, “Bill’s strong background in a broad range of financial management, analysis and turnaround functions makes him a perfect fit to take over leadership of our financial organization for the near term while we seek a permanent CFO. Additionally, he has significant experience in leading the finance function for apparel retailers, so he has a deep understanding of our business and that of our customers. We look forward to working with Bill as we progress with Hampshire’s turnaround efforts.”