Jones Lang LaSalle


Rag Shops Names New CEO
Martin C. Daks
NJBIZ Staff
6/20/2006

Rag Shops has announced that Ronald Staffieri has resigned from his CEO position "to pursue personal interests." The Hawthorne-based retailer named Mark Syrstad as its new CEO. Syrstad has more than 30 years of experience in executive management positions with such U.S. specialty retailers as Carter's, Inc., the Gingiss Group, and McWhorter's. Rag Shops operates more than 60 craft stores in New Jersey, New York, Pennsylvania, Connecticut, and Florida, carrying merchandise used for crafting, sewing, quilting, scrapbooking, and home decoration. In September 2004, Rag Shops was acquired by the investment group Sun Capital Partners.