Ames Promotes de Aguiar and Announces Formation of e-commerce Subsidiary.Business Editors ROCKY HILL Rocky Hill, town (1990 pop. 16,554), Hartford co., central Conn., a suburb of Hartford, on the Connecticut River; settled c.1650, inc. 1843. Chemical coatings and synthetic textiles are made there. Rocky Hill was an important river port from 1700 to 1820. , Conn.--(BUSINESS WIRE)--April 6, 2000 Ames Department Stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. , Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : AMES) today announced the promotion of Rolando de Aguiar to Senior Executive Vice President of Ames Department Stores, Inc. and President of its newly formed e-commerce subsidiary. Mr. de Aguiar will continue to have responsibility for Finance, MIS, Human Resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. and External Communications, and has now been given formal leadership responsibility for the company's e-business strategy, a role which he has been filling for the last twelve months. The formation of the e-commerce subsidiary will maximize the effectiveness of the company's e-commerce and Internet activities. It will incorporate all Internet initiatives including the previously announced Amesmarketplace.com web-site. Joseph R. Ettore, Ames' Chairman and Chief Executive Officer, said, "I am very excited about both being able to recognize Rolando for all the contributions he has made since joining the Company two years ago and to be able to formally recognize his leadership in our future e-commerce endeavors. I look forward to continuing to work with him as we continue to grow the company in the years ahead." Mr. de Aguiar began his career at Ames in April of 1998 as Executive Vice President, Chief Financial Officer. Prior to joining Ames, he worked for Sears, Roebuck & Co. in both domestic and international assignments. From 1991 to 1993, he was Vice President, Planning and Development for Sears in Mexico where he initiated aggressive change in the company resulting in Sears de Mexico becoming one of the leading retail organizations in the Americas. He also spent ten years at Occidental Petroleum Corporation in several senior positions including Manager of Mergers and Acquisitions, CFO See Chief Financial Officer. of the Minerals Division and Director of Internal Audit for the company's worldwide operations. Since joining Ames, de Aguiar was promoted to the additional post of Chief Administrative Officer A chief administrative officer (CAO) is responsible for administrative management of private, public or governmental corporations. The CAO is one of the highest ranking members of an organization, managing daily operations and usually reporting directly to the chief executive in April 1999 and played a key role in strategic planning and in the company's growth including the successful integration of the 155 Hills stores last year. With over 460 stores located in 19 states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). , Ames is the nation's largest regional, full-line discount retailer with annual sales of $4 billion. Ames offers a broad range of merchandise categories including family apparel, housewares house·wares pl.n. Cooking utensils, dishes, and other small articles used in a household, especially in the kitchen. , domestics, electronics, ready-to-assemble and patio furniture, jewelry, craft and pet supplies, health and beauty care items, stationery, sporting goods, toys, seasonal products and more. For fax copies of Ames' most recent news releases, dial 1-800-925-7792. To find the location of the Ames store nearest you, dial 1-800-SHOP-AMES. http://www.AmesStores.com http://espanol.AmesStores.com (in Spanish) |
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