HBW Insight is part of the Business Intelligence Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

Kmart appoints CEO

This article was originally published in The Rose Sheet

Executive Summary

Chairman James Adamson is appointed CEO March 11 to lead retailer's turnaround effort, Kmart says. Exec, who was appointed chairman of the board of directors in January, succeeds Charles Conaway, who resigned. Adamson, who has served on Kmart's board since 1996, led a financial restructuring of Advantica Restaurant Group in 1997 as chairman, president and CEO. In addition, former Sears Exec VP and Chief Operating Officer Julian Day has been named president and chief operating officer. Albert Kock, chairman of turnaround management firm Jay Alix & Associates has been appointed chief operating officer. Management team will lead effort to reorganize Kmart following retailer's Chapter 11 filing in January (1"The Rose Sheet" Jan. 28, 2002, p. 7)...
Advertisement

Related Content

Kmart Reorganization Effort Backed With $2 Bil. Loan
Kmart Reorganization Effort Backed With $2 Bil. Loan
Advertisement
UsernamePublicRestriction

Register

RS010122

Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel