Express, Inc. Announces Departure of Chief Executive Officer David Kornberg and Appointment of Matthew Moellering as Interim Chief Executive Officer

Express, Inc. (NYSE: EXPR), a leading fashion apparel retailer, today announced the departure of Chief Executive Officer David Kornberg. Effective January 22, 2019, Mr. Kornberg will no longer serve as Chief Executive Officer, President or as a member of the Board of Directors. Mr. Kornberg will remain employed by the company through February 21, 2019. The Board of Directors has appointed Matthew Moellering, age 52, as Interim Chief Executive Officer and Interim President until a permanent Chief Executive Officer and President is appointed.

Commenting on the announcement, the company’s Chairwoman of the Board, Mylle Mangum, stated “On behalf of the Board of Directors, we would like to thank David for his many years of service and strong contributions to Express in multiple roles. We wish him the best of luck in his future endeavors. During this time of transition, we have every confidence that Matt’s proven leadership will serve the company well.”

Mr. Moellering has served as the company’s Executive Vice President and Chief Operating Officer since September 2011 and will continue to serve as such during his tenure as Interim Chief Executive Officer and Interim President. Mr. Moellering has served in various roles with the company since 2006. Prior to his service with the company, Mr. Moellering served in various roles with Limited Brands (now known as L Brands), Procter & Gamble, and as an officer in the United States Army. In addition, Mr. Moellering serves on the board of directors of L.L. Bean, Inc., which is a privately held company. The Board of Directors of the company has commenced a search for a new Chief Executive Officer and President.

About Express, Inc.:

Express is a leading fashion destination and apparel brand for both women and men. Since 1980, Express has provided the latest apparel and accessories for work, casual, jeanswear, and going-out, offering a distinct combination of fashion and quality at an attractive value. The company operates more than 600 retail and factory outlet stores in the United States and Puerto Rico, as well as a best-in-class shopping experience through its website and mobile app. In addition, Express merchandise is available at franchise locations and online in Latin America. For more information, please visit www.express.com.