Crown Books announces appointments.LANDOVER, Md.--(BUSINESS WIRE)--Dec. 7, 1995--Crown Books Corp. (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 : CRWN CRWN Composite Reconfigurable Wireless Network ), acting through its executive committee, announced its recommendation respecting the election of Steve Stevens Steve Stevens (born as Steve Schneider on May 5, 1959, in Brooklyn, New York) is an American guitarist and songwriter. He is best known for playing for other artists (most notably Billy Idol and Vince Neil) and less known, but critically acclaimed for his solo efforts as president and chief executive officer. It is expected that this recommendation will be favorably acted upon by Crown's board of directors at its regularly scheduled meeting next week. Stevens has been an officer of Crown Books Crown Books was a bookseller based in Largo, Maryland. It was founded in the Washington, D.C. metro area by Robert Haft in 1977. History Overview Crown Books was founded in the Washington, D.C. since June of 1994. Since October 1, 1994, Stevens has held the position of senior executive vice 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. . He succeeds Ronald S. Haft, Crown's acting president, who resigned as part of an overall settlement with the company and its parent, Dart Group Corp. Stevens joined Crown Books on June 1, 1994 as the senior vice president and general merchandise manager. Prior to joining Crown Books, Stevens held executive positions at Portico Bed and Bath Ltd., Quartermaine Coffee Roasters Inc. and Circuit City Stores Inc. Stevens also acknowledged the appointments of Marc Joseph as senior vice president and general merchandise manager and Donald Pilch as vice president and chief financial officer. Joseph's responsibilities will include all aspects of merchandising, marketing and advertising, while Pilch will handle all accounting and financial issues. Prior to joining Crown Books Joseph was senior vice president of Action Industries Inc. an importer and wholesaler to the retail trade. Joseph has also served in executive positions in both the department store and discount variety store industries. Pilch was the director of financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against and analysis for Marshalls, a division of Melville Corp. Pilch has also served in executive positions at 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. and G. Fox and Company. Pilch replaces Robert A. Marmon, a management consultant and turnaround specialist. Marmon identified the need for a full-time CFO See Chief Financial Officer. at Crown and assisted in the recruitment of Pilch. Marmon will retain the title of vice president and treasurer of Crown. In announcing the appointments Stevens said, "Marc and Don bring to Crown a natural love of books and a wide variety of wholesale and retail experience which will help us to continue to enhance our offering of value to our customers." Crown currently operates 173 book stores, including 77 Super Crown stores in the Washington, D.C. metropolitan area; California; Houston; Chicago; and Seattle. CONTACT: Stanley Rubenstein, 212/297-6108 |
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