BUZZ-Children's Place announces CEO departure, shares fall

Reuters05-22

** Shares of apparel retailer Children's Place down ~17% at $11.51 in afternoon session

** Co announces departure of CEO and President Jane Elfers

** Also appoints Muhammad Umair as Interim CEO, effective May 20

** Co says board is committed to a seamless transition while it conducts search for a permanent CEO

** Elfers joined PLCE as CEO in 2010, she began her retail career at Macy's

** Up to last close, stock fell nearly 48% so far this year

(Reporting by Anuja Bharat Mistry in Bengaluru)

((AnujaBharat.Mistry@thomsonreuters.com))

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