HOUSTON, April 12, 2017 (GLOBE NEWSWIRE) -- Francesca's Holdings Corporation (Nasdaq:FRAN) announced today that
the Board of Directors (“Board”) has appointed Philip Bleser as a member of the Board effective as of April 17, 2017. Mr. Bleser
will serve on the Audit and Compensation committees of the Board.
Mr. Bleser brings to the Board broad strategic, corporate governance, managerial, financial and operational
experience as well as business leadership expertise gained over the course of a distinguished career. Mr. Bleser held numerous
senior leadership positions at J.P. Morgan Chase & Co., (“J.P. Morgan”), which he joined in 1974. While at J.P. Morgan, he served
as the CEO of Global Corporate Bank in North America from 2010 to 2015 and CEO of Mid-Corporate Banking from 2003 to 2010. Prior to
his retirement from J.P. Morgan, Mr. Bleser served as the Chairman of Global Corporate Banking from April 2015 to July 2016.
Currently, Mr. Bleser is a member of the Board of Trustees of Pace University in New York. From 2011 to 2016, he served as a member
of the board of directors of Private Export Funding Corporation where he also served on the Audit and Compensation and Development
committees.
Rick Kunes, Chairman of the Board, commented, “We are excited to welcome Phil Bleser to the francesca’s Board of
Directors. Phil’s deep experience in managing one of the world’s largest banks will tremendously benefit the company. On behalf of
the Board, we welcome Phil to francesca’s and look forward to his invaluable future contributions.”
About Francesca's Holdings Corporation
francesca's® is a growing specialty retailer which operates a nationwide-chain of boutiques providing customers
a unique, fun and personalized shopping experience. The merchandise assortment is a diverse and balanced mix of apparel, jewelry,
accessories and gifts. Today francesca's® operates approximately 671 boutiques in 48 states and the District of Columbia and also
serves its customers through francescas.com. For additional information on francesca's®, please visit www.francescas.com.
CONTACT: ICR, Inc. Jean Fontana 646-277-1214 Company Kelly Dilts 832-494-2236 Kate Venturina 832-494-2233 ir@francescas.com