Christoper J. Stadler Elected to the Board of Directors of Saks Incorporated.Business EditorsBIRMINGHAM, Ala.--(BUSINESS WIRE)--June 21, 2000 Retailer Saks Incorporated (NYSE NYSE See: New York Stock Exchange :SKS SKS Szkolny Klub Sportowy (Polish: School Sports Club) SKS Some Kind Soul SKS Samozariadnyia Karabina Simonova (Russian military carbine) SKS Vojens Lufthavn, Denmark - Jojens ) (the "Company") today announced that Christopher J. Stadler was newly elected to the Company's Board of Directors for a three-year term at its Annual Shareholders' Meeting today held in Memphis, Tennessee. Mr. Stadler joined Investcorp in March 1996 as a Management Committee Member. Prior to joining Investcorp, Stadler was a Director at CS First Boston, and prior to that, a Managing Director of the Davis Companies, where he originated and evaluated principal investing opportunities for Marvin Davis. Stadler also previously served as a Managing Director at Bankers Trust. At both CS First Boston and Bankers Trust, he originated and executed loans, high yield bonds for acquisitions, and leveraged buyouts for several Fortune 500 clients. Stadler holds an MBA degree in Finance from Columbia University. R. Brad Martin, Chairman and Chief Executive Officer of Saks Incorporated, commented, "We are very pleased that Chris Stadler has joined the Company's Board of Directors. With his exceptional business and financial background, Chris will make an outstanding contribution to our Board and to the Company." Re-elected to the Company's 17-member Board of Directors for three-year terms today were Martin; Ronald de Waal, Chairman of We International; C. Warren Neel, Dean of the College of Business Administration at the University of Tennessee The University of Tennessee (UT), sometimes called the University of Tennessee at Knoxville (UT Knoxville or UTK), is the flagship institution of the statewide land-grant University of Tennessee public university system in the American state of Tennessee. , Knoxville; and Marguerite W. Sallee, Chairman and Chief Executive Officer of Frontline Group, Inc. Continuing Directors of the Company are: Bernard E. Bernstein, partner in the law firm of Bernstein, Stair & McAdams; Stanton J. Bluestone bluestone, common name for the blue, crystalline heptahydrate of cupric sulfate called chalcanthite, a minor ore of copper. It also refers to a fine-grained, light to dark colored blue-gray sandstone. , former Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Carson Pirie Scott Carson Pirie Scott & Co., known informally as Carson's, is a chain of traditional department stores that have been in business for over 150 years. Their product price points are targeted to the moderate-to-upscale shopper. ; John W. Burden, III, retired Chairman of Federated Connected and treated as one. See federated database and federated directories. Department Stores and Allied Stores; James A. Coggin, President and CAO of the Company; Julius W. Erving, President of the Erving Group and EVP of the Orlando Magic; Michael S. Gross, Vice President of Apollo Capital Management; Donald E. Hess, CEO of Southwood Partners and former Chairman and CEO of Parisian; G. David Hurd, Emeritus Chairman of Principal Financial Group; Philip B. Miller, Chairman of 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 ; Robert M. Mosco, President of Merchandising and COO of the Company; Stephen I. Sadove, President of Bristol-Myers Squibb Worldwide Beauty Care and Nutritionals; and Gerald Tsai, Jr., former Chairman, President, and CEO of Delta Life Corporation. Retiring from the Board today were Edmond D. Cicala, President of Edmond Enterprises and retired Chairman and CEO of the Goldsmith's Division of Federated Department Stores, and Charles J. Philippin, a Management Committee Member of Investcorp. Martin noted, "We thank Ed Cicala and Charlie Philippin for their service and numerous contributions to the Company's Board of Directors." In recognition of Mr. Cicala's dedicated service to the Board since 1987, the Board of Directors named Mr. Cicala Director Emeritus. Saks Incorporated currently operates over 350 department stores in 39 states under the names of Saks Fifth Avenue, Proffitt's, McRae's, Younkers Younkers is a department store chain in the Midwestern United States. The chain concentrates on the middle and upper-class segments of the market. History Beginnings , Parisian, Herberger's, Carson Pirie Scott, Bergner's, Boston Store, and Off 5th. The Company also operates a direct response business, Saks Direct, which includes the Folio and Bullock & Jones catalogs. |
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