Brizel to Assume EVP/General Counsel Role at Saks Incorporated.NEW YORK -- Retailer Saks Incorporated (NYSE NYSE See: New York Stock Exchange : SKS) (the "Company") today announced that Michael Brizel will join the Company on April 16th and will assume the post of Executive Vice President and General Counsel of Saks Incorporated on May 7, 2007. Brizel is an attorney with extensive experience in such areas as human resources law, corporate and commercial matters, and litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. management. He has served in a variety of positions of increasing responsibility with The Reader's Digest Association, Inc. since 1989, including Senior Vice President and General Counsel, a position he has held since 2002. Brizel gained previous experience with General Foods Corporation and the law firm of Summit, Rovins and Feldesman. He received his law degree from Cornell Law School The Cornell Law School was formally opened in 1887, but was moved to its present-day location at Myron Taylor Hall in 1937. The law school building, an ornate, Gothic structure, was the result of a donation by Myron Charles Taylor, a former CEO of US Steel, and a member of the Cornell and a B.S. from Cornell University in the School of Industrial and Labor Relations. Brizel will be based in New York and will report to Steve Sadove, Chief Executive Officer. The Company is in the process of consolidating a number of its executive functions into the existing Saks Fifth Avenue Saks Fifth Avenue is a chain of upscale American department stores that is owned and operated by Saks Fifth Avenue Enterprises (SFAE), a subsidiary of Saks Incorporated. It competes in the elite luxury department store market with Neiman Marcus, Bergdorf Goodman and Barneys New home offices in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. from Birmingham, Alabama. This process is expected to be completed in the second quarter of 2007. In October 2006, following the sale of the remaining portion of the Company's department store business, the Company announced that Charles Hansen, who is based in Birmingham and is the Company's current Executive Vice President and General Counsel, intended to terminate his employment effective May 4, 2007, which will occur as scheduled. Saks Incorporated currently operates Saks Fifth Avenue, which consists of 54 Saks Fifth Avenue stores, 49 Saks Off 5th stores, and saks.com. The Company also operates Club Libby Lu Club Libby Lu is a chain of stores primarily targeted to preteen girls. As of 2006, the store chain operates 62 stores in 28 states in the United States. Club Libby Lu was founded by Mary Drolet, a former executive at Claire's and Montgomery Ward, in August 2000[1]. specialty stores. |
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