Oxford Industries Inc announced the appointment of Terry R. Pillow as the Chief Executive Officer of the Tommy Bahama Group.

Mr. Pillow will join Tommy Bahama on March 17, 2008 and will assume the CEO title on June 1, 2008 at which time the current CEO and founder, Tony Margolis, will retire.

"We are delighted to have Terry joining our organization in this critical and influential role," commented J. Hicks Lanier, Chairman and CEO of Oxford Industries Inc.

Mr. Lanier continued, "Terry's impressive career spans 30 years in the apparel, footwear and accessories business. He began his career at Neiman Marcus, which has long been viewed as one of the best training grounds in our industry.

Subsequently he held executive leadership positions with several of the world's most successful and renowned brands including A/X Armani Exchange, Coach and Polo Ralph Lauren.

Terry has a very strong product, brand and retail background and I am confident that he is the right person to lead Tommy Bahama to the next level."

"True to his level of commitment to this company and brand, Tony Margolis has been instrumental in the selection of his successor and will work over the next few months to ensure a smooth transition for Terry," Mr. Lanier commented further.

"Tony's vision, focus and understanding of brand management have built Tommy Bahama into one of the fashion world's foremost aspirational lifestyle companies.

We are grateful for the significant contributions Tony has made to Tommy Bahama since its inception. Although Tony is planning to retire on June 1, 2008, he will remain a valued, active contributor through his new role as chairman of the Tommy Bahama Advisory Board."

Also effective on June 1, Doug Wood will be promoted to President and Chief Operating Officer of the Tommy Bahama Group.

"Doug has been instrumental in the success of Tommy Bahama with sound management and solid leadership over all aspects of the Group's financial and operating functions," stated Mr. Lanier.

Mr. Lanier concluded, "We believe these changes will allow us to leverage the strengths of the management heritage of Tommy Bahama while adding new levels of creative innovation and progressive leadership. We feel we couldn't be better positioned for the future."