Burdines Gets New President/COO.Business Editors CINCINNATI--(BUSINESS WIRE)--Dec. 19, 2003 Federated Connected and treated as one. See federated database and federated directories. Department Stores, Inc. (NYSE NYSE See: New York Stock Exchange :FD) (PCX (1) A bitmapped graphics file format that handles monochrome, 2-bit, 4-bit, 8-bit and 24-bit color and uses RLE to achieve compression ratios of approximately 1.1:1 to 1.5:1. Images with large blocks of solid colors compress best under the RLE method. See PC Paintbrush. :FD) has named Nirmal K. "Trip" Tripathy as president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of its Miami-based Burdines division, effective immediately. The position of Burdines president/chief operating officer has been vacant since Michael J. Osborn moved to Macy's West as president/chief operating officer of that Federated division in June 2002. Tripathy, 45, joined Burdines as executive vice president of administration in July 2002, after having served since February 2000 as chief financial officer of Limited Stores, a division of Limited Brands, Inc. "Trip Tripathy's contributions over the year and a half since joining the Burdines team make it clear that he is clearly qualified to assume the position of president and chief operating officer of the division," said Terry J. Lundgren Terry J. Lundgren (b. 1952) is the CEO, Chairman of the Board, President, and Director at Macy's, Inc., the parent company of Macy*s and Bloomingdale's department stores. Lundgren is also the namesake of the Terry J. , Federated's president and chief executive officer. "Along with Burdines chairman Tim Adams, and vice chairman/director of stores J. David Scheiner, I am confident that we have a strong and dynamic retail management team in place to lead Burdines through the exciting months and years ahead." Burdines will begin operating as Burdines-Macy's throughout Florida effective January 30, 2004, at which time Burdines also will assume buying and management responsibilities for Macy's Florida operations. A total of 56 Burdines and seven Macy's stores will operate under the combined Burdines-Macy's moniker (1) A name, title or alias. See alias. (2) A COM object that is used to create instances of other objects. Monikers save programmers time when coding various types of COM-based functions such as linking one document to another (OLE). See COM and OLE. . Tripathy, a graduate of Calcutta University, began his career with Union Carbide Corporation as a financial analyst in 1982, moving to an affiliate of KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm) KPMG Kaiser Permanente Medical Group KPMG Keiner Prüft Mehr Genau (German) KPMG Kommen Prüfen Meckern Gehen Peat Marwick in India in 1983 as a management services consultant. A C.P.A., he joined Price Waterhouse in Dallas, TX, in 1987, after having earned his masters degree in business from Texas Christian University Texas Christian University, at Fort Worth; Christian Church (Disciples of Christ); coeducational; opened 1873 at Thorp Spring, chartered 1874 as Add Ran Male and Female College. It assumed its present name in 1902 and moved to Fort Worth in 1910. . In 1989, Tripathy joined PepsiCo, Inc. where he held various positions of increasing responsibility in financial and planning areas of the business both in the U.S. and overseas prior to joining Limited Stores in 2000. Federated, with corporate offices in Cincinnati and New York, is one of the nation's leading department store retailers, with annual sales of more than $15.4 billion. Federated operates more than 460 stores in 34 states, Guam and Puerto Rico under the names of Macy's, Bloomingdale's, Bon-Macy's, Burdines, Goldsmith's-Macy's, Lazarus-Macy's and Rich's-Macy's. The company also operates macys.com and Bloomingdale's By Mail. (NOTE: Additional information on Federated, including past news releases, is available at www.fds.com.) |
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