Charlotte Russe Holding, Inc. Announces Retirement of Chairman of the Board and Appointment...

Charlotte Russe Holding, Inc. Announces Retirement of Chairman of the Board
and Appointment of New Chairman

SAN DIEGO, April 17 /PRNewswire-FirstCall/ -- Charlotte Russe Holding,
Inc. (Nasdaq: CHIC), a growing mall-based specialty retailer of fashionable,
value-priced apparel and accessories targeting young women in their teens and
twenties, today announced that Bernard Zeichner plans to retire from the Board
of Directors of Charlotte Russe Holdings Inc, effective June 1, 2008. The
Board of Directors unanimously appointed Ms. Jennifer Salopek as the new
Chairman of the Board.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030602/CHICLOGO)
Mark Hoffman, Chief Executive Officer, commented "Bernie joined Charlotte
Russe as President/CEO in May 1996 when the company was a 37 store Regional
chain. He was appointed Chairman of the Board when the company went public in
October 1999."
Mr. Hoffman added "On behalf of the Board of Directors and all of our
employees, we are extremely appreciative of the significant long term
contributions Bernie has made to Charlotte Russe. We wish Bernie well in all
future endeavors and express our sincere gratitude for his leadership and
strategic involvement over the past 12 years."
"At the same time, I want to congratulate Jennifer Salopek on her
appointment to Chairman of the Board. We value her retail and strategic
consulting experience as we move forward in refining and implementing our long
term objectives," said Mr. Hoffman.
Ms. Salopek joined the Board in February 2006 and serves as a member of
the company's Audit Committee and as Chairman of the Nominating and Corporate
Governance Committee.
Ms. Salopek is a Principal with ARC Business Advisors, LLC, a New York
City based firm that provides strategic advisory services to businesses and
investors in the apparel, retail and consumer industries. She has extensive
retail and consulting experience including positions as Executive Vice
President of Strategy with Tommy Hilfiger Corporation, as Partner with
PricewaterhouseCoopers Consulting and its successor, IBM Business Consulting
Services and as Senior Vice President at Calvin Klein, Inc.
Charlotte Russe Holding, Inc. is a mall-based specialty retailer of
fashionable, value-priced apparel and accessories targeting young women in
their teens and twenties. At December 29, 2007 the Company operated 440 stores
in 45 states and Puerto Rico. The Company expects to open approximately 60 new
stores in fiscal 2008. For more information about the Company, please visit
http://www.charlotterusse.com.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT
OF 1995: Except for the historical information contained herein, this press
release contains forward-looking statements. Such statements include, but are
not limited to, statements about the Company's financial guidance and
expectations for the second and third quarters of fiscal 2008. Such forward-
looking statements are subject to certain risks and uncertainties that could
cause actual results to differ materially from historical results or from any
results expressed or implied by such forward-looking statements. These risks
and uncertainties include, but are not limited to, the risks that the Company
will not achieve or will exceed anticipated financial results or comparable
store sales increases, the Company will not open new Charlotte Russe stores or
remodel existing stores in the numbers or on the schedule anticipated, general
and regional economic conditions, industry trends, consumer demands and
preferences, competition from other retailers and uncertainties generally
associated with women's apparel and accessory retailing. A complete
description of these factors, as well as others that could affect the
Company's business, is set forth in the Company's annual report on Form 10-K
and quarterly reports on Form 10-Q, filed with the SEC.
For more information about the Company, please visit
http://www.charlotterusse.com.
SOURCE Charlotte Russe Holding, Inc.

Patti Johnson, Executive Vice President and Chief Financial Officer of
Charlotte Russe Holding, Inc., +1-858-490-2603; or Joseph Teklits of ICR,
Inc., +1-203-682-8258, for Charlotte Russe Holding, Inc.