Bradlees, Inc. Names Gregory Ambro Chief Financial Officer.Business Editors BRAINTREE, Mass.--(BUSINESS WIRE)--Oct. 24, 2000 (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 :BRAD) Bradlees, Inc. today announced the appointment of J. Gregory Ambro as senior vice president and chief financial officer. Ambro most recently served as chief financial officer for Streamline.com, Inc., a Westwood, Massachusetts-based e-commerce grocer and service provider. He will be responsible for all aspects of financial management and serve as a member Bradlees Executive Committee. He begins his duties effective today. Prior to that, Ambro, 48, served in a number of senior financial management positions for leading retail companies including, senior vice president of finance and administration at Harris Teeter Harris Teeter is a chain of upscale supermarkets based in Matthews, North Carolina, just outside Charlotte. As of September 2007, the chain operates 164 stores in seven southeastern states: North Carolina, South Carolina, Virginia, Georgia, Tennessee, Florida, Maryland; the , Inc., Charlotte, NC; vice president and chief financial officer for Marshalls, Inc., Andover, MA; and vice president positions at Kaufmann's and Meier and Frank, both divisions of the May Department Stores The May Department Stores Company was a department store chain founded in 1877 by David May in Leadville, Colorado. Its headquarters moved to St. Louis, Missouri in 1905, and the company went public in 1911. Company. "We are very pleased to enhance our executive ranks with an experienced CFO See Chief Financial Officer. who can make an immediate contribution to our business," said Peter Thorner, Bradlees Chairman and Chief Executive Officer. "Greg is a seasoned professional who has the intellect, experience and breadth of knowledge to bring fresh ideas to our organization." Bradlees is a leading regional discount retailer with 105 stores in seven Northeastern states and 1999 sales of $1.5 billion. Bradlees offers an assortment of merchandise focused on basic and casual apparel, basic and fashion items for the home, and commodity and convenience products. General information about Bradlees, including corporate background and press releases, is available on the internet at http://www.bradlees.com. To find the nearest store location call toll-free 1-877-272-3533 or visit the web site. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement: this press release may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. as defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Any such statements are subject to important factors which could cause the Company's actual results to differ from those anticipated by the forward-looking statements. These factors are referenced in the Company's latest Form 10K and in other SEC filings. |
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