Talbots Inc.

Trudy F. Sullivan was named President and Chief Executive Officer of The Talbots, Inc. on August 6, 2007. She oversees all aspects of the Company’s business, including strategic direction and initiatives for the Talbots and J. Jill brands. She is also a member of the Company’s Board of Directors. With 35 years of retailing and merchandising experience, Sullivan joined Talbots with a strong knowledge of the specialty retail sector from her previous leadership roles at both Liz Claiborne, Inc. and J. Crew Group, Inc. As the former President of Liz Claiborne, she was responsible for building and leading multiple apparel and non-apparel men’s and women’s brands. Her extensive merchandising career began in Boston, where she started as a Buyer for Jordan Marsh and then Filene’s. Sullivan has been active in a number of organizations supporting the health and welfare of women throughout her career. She served as a member of the Executive Women in Fashion Advisory Board at the Fashion Institute of Technology for many years, and has been honored by the YWCA-NYC Academy of Women Leaders and the Juvenile Diabetes Foundation of New York. After many years of living in Manhattan, Sullivan recently relocated back to Boston where she currently resides with her husband, Michael. They have two daughters.

Paula Bennett was appointed President of J. Jill in January 2008. She is responsible for the growth and profitability of the brand, including merchandising, marketing, direct marketing, and stores. A veteran in retailing and merchandising, Paula knows the 35+ demographic and possesses a clear understanding of the J. Jill aesthetic. She joined J. Jill from Orchard Brands, where she was President and Chief Executive Officer for the Appleseed’s, Tog Shop and WinterSilks brands. Prior to that, she served as Chief Operating Officer of Eileen Fisher. Earlier in her career, Paula held key leadership roles at Calvin Klein, Federated Department Stores and Tiffany & Co., including serving as General Manager of its Fifth Avenue flagship store. She began her career in buying and merchandising at Lord & Taylor and later Bloomingdale’s.

Basha Cohen was appointed Executive Vice President of Merchandising for the Talbots brand in December 2007. Basha is responsible for merchandising and product development for the company’s core Misses concepts across all business channels, including Talbots (Misses), Talbots Petites, Talbots Woman and Woman’s Petites, Talbots Accessories & Shoes and its upper tier Talbots Collection. Prior to joining Talbots, Basha held the role of executive vice president of design and merchandising at the Kellwood Company, where she was responsible for conceiving and launching a new business division - Dockers Women’s. With over 25 years of diverse experience, Basha also held leadership roles at J. Crew, Laura Ashley and Carole Little.

Lori Wagner was appointed Chief Marketing Officer for the Talbots brand in March 2008. This newly-created position encompasses advertising, catalog development, direct marketing and customer service. Working closely with Michael Smaldone, the company’s Chief Creative Officer, Lori is responsible for developing and executing promotional and marketing strategies supporting stores, catalogs and e-commerce. She oversees all marketing-related functions of creative development, catalog and print production, advertising and sales promotion. She also manages catalog and e-commerce operations, including circulation planning and analysis, database marketing and catalog sales, as well as customer service. An expert in retail marketing and brand building across all channels, Lori joined Talbots from Cole Haan, a division of Nike, where she served as Chief Marketing Officer and led a successful strategic effort to reposition and elevate that brand. Prior to joining Cole Haan in 2006, she served as Senior Vice President of Marketing for Kenneth Cole Productions and, before that, as Senior Vice President of Brand Marketing and Creative for J. Crew.

Michael Smaldone was appointed Chief Creative Officer for the Talbots brand in December 2007, and is based in the company’s New York offices. In this newly created role, Michael is responsible for developing a cohesive look and design process for all concepts under the Talbots brand. Additionally, he ensures this look is consistently and seamlessly expressed in merchandise, displays, catalogs and other customer-facing collateral. Prior to joining Talbots, Michael was Senior Vice President of Design for Ann Taylor. With over 25 years of experience in design and brand building, Michael has also held leadership roles in design and merchandising at Anne Klein, Elie Tahari and Banana Republic.

John Fiske, Talbots Executive Vice President, Human Resources, directs the Company’s human resource functions for the Talbots and J. Jill brands, including organizational development and training, compensation and benefits, recruitment and associate relations. Prior to joining Talbots, John was Senior Vice President of Human Resources at J. Jill Group Inc. Before that, he served as Vice President of Human Resources at Abercrombie & Fitch. Overall, John has more than 20 years of industry experience, including leadership roles in human resources at Kenneth Cole Productions and The Timberland Company.

Michele Mandell has been Executive Vice President of Stores since August 2004 and is responsible for all Talbots U.S. women’s retail operations, including sales volume, profitability, in-store merchandise presentation and human resource development. Michele joined Talbots in 1983 as Store Manager, became District Manager in 1984, Regional Director in 1985, and was Senior Vice President, Stores from 1992 until 2003. From 1971 to 1983, Michele held various management and merchandising positions for Price’s of Oakland in Pittsburgh, and A.E. Troutman Company, a division of Allied Stores, Inc.

Richard T. O’Connell, Jr., Talbots Executive Vice President, Legal and Real Estate, is responsible for Talbots, Inc.’s real estate holdings and execution of its expansion plans for Talbots and J. Jill stores. As the Company’s chief legal officer, he is responsible for all legal affairs and acts as Secretary to the Board of Directors. Dick joined Talbots in 1988 as Vice President, Legal and Real Estate, and was appointed to Senior Vice President in 1989 and promoted to his current position as Executive Vice President in 2006. Prior to joining Talbots, he served as Vice President, Group Counsel, of the specialty retailing group at General Mills, Inc., based in New York, New York. His prior experience includes over ten years with specialty retailer Melville Corporation, based in Rye, New York, where he was Assistant General Counsel and Vice President of Real Estate. He has also served as Assistant General Counsel and Assistant Corporate Secretary at Raybestos-Manhattan, Inc., a consumer and industrial products manufacturer based in Trumbull, Connecticut. He is a trustee of the International Council of Shopping Centers (ICSC).

Andrea M. McKenna joined Talbots in December 2000 as Senior Vice President, Advertising and Catalog Development. Ms. McKenna is responsible for developing and executing creative and promotional strategies for the Company's stores and catalogs. She oversees all functions of creative development, catalog and print production, advertising and sales promotion. Prior to joining Talbots Ms. McKenna was a Senior Vice President at Hill, Holiday, Connors, Cosmopulos, Inc. where she was responsible for media planning and promotional activities for one of the agency's largest accounts. Overall, McKenna has more 20 years of advertising and sales promotion experience, holding various senior-level positions for Hoyts Cinemas Corporation, Dunkin' Donuts, Inc, Arnold & Company and John F. Murray Advertising.

Bruce C. Soderholm has been Talbots senior vice president, operations since 1989. He is responsible for all retail and catalog distribution, including the Company's Lakeville, Massachusetts distribution center and its third party distribution centers in Canada and the United Kingdom. In addition, he oversees the design, construction and maintenance of all Talbots stores. Bruce joined Talbots in June of 1976 as the manager of accounting.

Randy Richardson joined Talbots in October 1998 and is Senior Vice President of Information Services. He is responsible for all aspects of information services in support of Talbots business systems initiatives. He is located in the Hingham Corporate Office, but also has an office in the MIS Center in Tampa, Florida. Randy has more than 19 years of information technology experience. Most recently, he was Senior Vice President for Best Buy Company, a retailer of computers, media, consumer electronics and appliances in Minneapolis, Minnesota. He also spent four years with Ann Taylor as Senior Vice President, Information Services, and ten years with the Limited in Abercrombie and Fitch, Limited Stores, and Lane Bryant.

Bruce Prescott, Senior Vice President, Direct Marketing and Customer Service, manages the Company’s catalog operation, including e-commerce, circulation planning and analysis, and database marketing. He also oversees all customer service activities for Talbots retail stores, catalog and e-commerce divisions, as well as directs the Company’s telemarketing facility located in Knoxville, Tennessee. Prescott joined Talbots in 1987. In 1994, he was promoted to Vice President, Customer Service and Telemarketing. Prior to joining Talbots, he was with Johnny Appleseed’s, where he served as Manager of Catalog Operations and supervised catalog distribution and customer service operations.

Mr. Kajita, 54, serves as Chairman of the Company's Board of Directors. He has been a Director of the Company since 2005 and was appointed Chairman of the Board in 2008. He is Senior Vice President, International Operations of AEON. Mr. Kajita served as Senior Advisor of Ripplewood Holdings, LLC from 2003 to 2005, Executive Vice President and Treasurer of Diamond Generating Corporation, a subsidiary of Mitsubishi Corporation, from 2000 to 2002, and Assistant General Manager, Power and Traffic Project Development of Mitsubishi Corporation from 1993 to 1999. Mr. Kajita is a member of the Compensation Committee and the Executive Committee.

Gary M. Pfeiffer retired in 2006 as the Senior Vice President and Chief Financial Officer of E.I. du Pont de Nemours and Company. Mr. Pfeiffer joined DuPont in 1974, where he held positions of increasing responsibility in finance and international operations, as well as in various DuPont divisions. Mr. Pfeiffer is a director of Talbots, Inc.

Mr. Tsuruta, 57, has been a Director of the Company since 1999. He is Executive Vice President and General Manager of AEON USA. Mr. Tsuruta was Senior Vice President of AEON USA from 1996 to 2000 and Vice President and Deputy General Manager of AEON USA from 1990 to 1996. Mr. Tsuruta also serves as designate member of the board of directors of the World Wide Retail Exchange as well as a member of the Audit Committee and Chair of the Compensation Committee of the World Wide Retail Exchange.

Mr. Gleeson, 60, has been a Director of the Company since 2004. Mr. Gleeson is Senior Vice President and Chief Strategy Officer of Walgreen Co. From 2004 to April 2007, he served as Senior Vice President, Corporate Strategy and Treasurer of Walgreen Co. and as Treasurer since 2002. From 2000 to 2004, Mr. Gleeson was Vice President, Corporate Strategy of Walgreen Co. He also served as the Divisional Vice President, Marketing Systems and Services of Walgreen Co. from 1992 to 2000. Mr. Gleeson first joined Walgreen Co. in 1962. Mr. Gleeson also serves as a Director of AMCORE Financial, Inc. Mr. Gleeson is Chairperson of the Audit Committee and a member of the Corporate Governance and Nominating Committee.

Mr. Sano, 60, has been a Director of the Company since 2006. He is President of Pacific Alliance Group, a firm specializing in cross border mergers and acquisitions, which he founded in 1988. Prior to founding Pacific Alliance Group, he was a Principal at the Western Regional Office of Ernst & Young LLP, where he was instrumental in forming its Japanese Business Group and advised clients in a wide range of transactions and strategic alliances. From 1976 to 1980, Mr. Sano served as the Associate Director of the University of Southern California’s Graduate School of Business, International Business Education and Research (IBEAR) Program.