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Ascena Retail Group Announces New Chief Financial Officer



  Ascena Retail Group Announces New Chief Financial Officer

Business Wire

SUFFERN, N.Y. -- January 8, 2013

Ascena Retail Group, Inc. (NASDAQ: ASNA) today announced that Dirk Montgomery
has accepted the position of Executive Vice President and Chief Financial
Officer, effective January 16, 2013. Montgomery succeeds Armand Correia, who
will be retiring after 21 years with the organization.

David Jaffe, President and CEO of the Ascena Retail Group, commented, “On
behalf of our entire organization, I’d like to personally thank Armand for his
21 years of service to Ascena. His stewardship was instrumental in delivering
market-leading rates of growth and return for our shareholders, particularly
over the last decade. We are excited to welcome Dirk to our team, and are
confident that his leadership, expertise and experience will enable us to
continue building upon this record of achievement.”

Dirk Montgomery was most recently Executive Vice President and Chief Value
Chain Officer of Bloomin’ Brands, Inc., a publicly-traded operator of leading
global restaurant brands including Outback Steakhouse, Carrabba’s Italian
Grill, Bonefish Grill, and Fleming’s Prime Steakhouse, generating
approximately $4 billion in annual revenues. Prior to that position, he served
as Chief Financial Officer of Bloomin’ Brands for six years.

Prior to joining Bloomin’ Brands in 2005, Mr. Montgomery served in a variety
of domestic and international leadership roles in the areas of finance,
procurement, strategic planning and operations in the retail and consumer
products segments. This included significant experience in financial
leadership roles such as Chief Financial Officer of the $9 billion Con Agra
Foods Retail Group, as Chief Financial Officer of Express (previously a
division of Limited Brands) and in several senior management positions with
the Sara Lee Corporation.

Mr. Montgomery began his career at Ernst & Young as an auditor and corporate
finance consultant. He has an undergraduate degree in Accountancy from Miami
University of Ohio, a CPA from the State of Ohio, and an MBA from the
University of Chicago with a concentration in Finance and a specialization in
Policy.

Mr. Montgomery commented, “I am very excited to be joining Ascena and share
the strong vision the Ascena team has to continue to grow the business and to
further extend the Company’s leadership position in the specialty retailing
industry. I look forward to the work ahead, including completing the
integration projects already underway and, more broadly, to sharing my
experience and expertise in developing and implementing a thoughtful and
strategic approach to growth and value creation in the years ahead.”

About Ascena Retail Group, Inc.

Ascena Retail Group, Inc. (NASDAQ: ASNA) is a leading specialty retailer
offering clothing, shoes, and accessories for missy and plus-size women and
tween girls, under the Justice, Lane Bryant, maurices, dressbarn and
Catherines brands. Ascena Retail Group, Inc. operates through its subsidiaries
approximately 3,800 stores throughout the United States, Puerto Rico and
Canada.

For more information about Ascena Retail Group, Inc. and its brands, visit
www.ascenaretail.com, www.charmingshoppes.com, www.shopjustice.com,
www.lanebryant.com, www.maurices.com, www.dressbarn.com, www.catherines.com,
www.cacique.com, www.figis.com and www.figisgallery.com.

Contact:

Ascena Retail Group, Inc.
Investor Relations
845-369-4600
or
ICR, Inc.
James Palczynski, 203-682-8229
Senior Managing Director
jp@ircinc.com
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