Das sollte erstmal Auftrieb geben!
Denke, dass hier keine 2. ENRON droht...interessanter Zock!
MfG
Star Ikone
Die Meldung:
Kmart Corporation Announces Election of James B. Adamson as Chairman of the Board of Directors; Charles C. Conaway Continues as Chief Executive Officer
Company Reaffirms Pursuit of Financing Alternatives
TROY, Mich., Jan. 17 /PRNewswire-FirstCall/ -- Kmart Corporation (NYSE: KM) today announced that James B. Adamson has been elected non-executive Chairman of
the Board of Directors effective immediately, and will serve as the principal
liaison between the Board and the Company's senior management as Kmart continues
to address its current financial and operational challenges. Charles C. Conaway
will continue as Chief Executive Officer of the Company.
Kmart also announced today that effective immediately, Mark S. Schwartz is no
longer with the Company. He most recently served as President and Chief
Operating Officer and joined the Company in September 2000.
Kmart is continuing to review its current and prospective liquidity position and
business plans for the 2002 and 2003 fiscal years. The company is also
continuing discussions with its lenders regarding existing and possible
supplemental financing facilities.
"We appreciate the loyalty Kmart has received from our customers and the
continuing support shown by many of our vendors and other business partners,"
Conaway said.
Adamson, 53, has been a member of the Kmart Board since 1996, serving on the
Board's Audit and Finance Committees.
"Along with the other Kmart Directors, I am pleased that Jim Adamson has agreed
to provide his counsel and unique perspective at this critical time," Conaway
continued. "His extensive experience in retail and in managing change at
companies undergoing massive transformation is a resource that we believe will
be invaluable to our senior management team. We are looking forward to working
closely with him."
Adamson is the former Chairman, President and Chief Executive Officer of
Advantica Restaurant Group, Inc., one of the largest restaurant companies in the
United States. Advantica owns and operates approximately 2,400 moderately priced
restaurants in the mid-scale dining segment, including the Denny's, CoCo's, and
Carrow's brands.
He joined Advantica in 1995 as President and CEO from Burger King Corporation
where he had served as CEO from 1993 to 1995. He previously served as Executive
Vice President, Marketing, of Revco Inc.; as a senior executive at Target
Corporation.
"It has been my privilege to serve on the Kmart Board since 1996, and during
that time I have developed high regard for the Company's loyal and hard-working
people, who remain among its most valuable assets," Adamson said. "I am looking
forward to working with them, and contributing what I have learned through my
past experiences, as we take steps to address the Company's current financial
and operational issues."
Denke, dass hier keine 2. ENRON droht...interessanter Zock!
MfG
Star Ikone
Die Meldung:
Kmart Corporation Announces Election of James B. Adamson as Chairman of the Board of Directors; Charles C. Conaway Continues as Chief Executive Officer
Company Reaffirms Pursuit of Financing Alternatives
TROY, Mich., Jan. 17 /PRNewswire-FirstCall/ -- Kmart Corporation (NYSE: KM) today announced that James B. Adamson has been elected non-executive Chairman of
the Board of Directors effective immediately, and will serve as the principal
liaison between the Board and the Company's senior management as Kmart continues
to address its current financial and operational challenges. Charles C. Conaway
will continue as Chief Executive Officer of the Company.
Kmart also announced today that effective immediately, Mark S. Schwartz is no
longer with the Company. He most recently served as President and Chief
Operating Officer and joined the Company in September 2000.
Kmart is continuing to review its current and prospective liquidity position and
business plans for the 2002 and 2003 fiscal years. The company is also
continuing discussions with its lenders regarding existing and possible
supplemental financing facilities.
"We appreciate the loyalty Kmart has received from our customers and the
continuing support shown by many of our vendors and other business partners,"
Conaway said.
Adamson, 53, has been a member of the Kmart Board since 1996, serving on the
Board's Audit and Finance Committees.
"Along with the other Kmart Directors, I am pleased that Jim Adamson has agreed
to provide his counsel and unique perspective at this critical time," Conaway
continued. "His extensive experience in retail and in managing change at
companies undergoing massive transformation is a resource that we believe will
be invaluable to our senior management team. We are looking forward to working
closely with him."
Adamson is the former Chairman, President and Chief Executive Officer of
Advantica Restaurant Group, Inc., one of the largest restaurant companies in the
United States. Advantica owns and operates approximately 2,400 moderately priced
restaurants in the mid-scale dining segment, including the Denny's, CoCo's, and
Carrow's brands.
He joined Advantica in 1995 as President and CEO from Burger King Corporation
where he had served as CEO from 1993 to 1995. He previously served as Executive
Vice President, Marketing, of Revco Inc.; as a senior executive at Target
Corporation.
"It has been my privilege to serve on the Kmart Board since 1996, and during
that time I have developed high regard for the Company's loyal and hard-working
people, who remain among its most valuable assets," Adamson said. "I am looking
forward to working with them, and contributing what I have learned through my
past experiences, as we take steps to address the Company's current financial
and operational issues."
