FACTORY STORES OF AMERICA, INC. ANNOUNCES NEW FINANCIAL OFFICER.SMITHFIELD, N.C.--(BUSINESS WIRE)--Feb. 6, 1995--Factory Stores of America, Inc. (NYSE NYSE See: New York Stock Exchange :FAC) today announced John N. Nelli has joined the Company as Senior Vice President/Finance. In this position, Nelli will be responsible for budgeting, regulatory and bank compliance, and investor relations. He will report to David A. Hodson, president and chief financial officer. "John has a solid background as a financial officer and will be a valuable addition to the Factory Stores management team," said Hodson. "His prior positions include hands-on experience directly relevent to our business, including acquisitions, financial reporting and retail and wholesale distribution." Prior to joining Factory Stores of America, Nelli was chief financial officer and secretary of Litchfield Theatres in South Carolina. He previously was interim president and director of Natter Manufacturing in West Jordan, Utah West Jordan is a city and a suburb of Salt Lake City in the U.S. state of Utah. West Jordan is a rapidly growing suburb of Salt Lake City, with a balanced housing stock, quality commercial districts and a strong industrial base. , where he originally joined the company as CFO. Nelli began his accounting career with an eight-year stint in the Raleigh, North Carolina For other uses of this name, see Raleigh. Raleigh (IPA: /ˈrɑli/, ral-ee) is the capital of the State of North Carolina and the county seat of Wake County. , office of Touche Ross & Co. A Certified Public Accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. , Nelli is a graduate of Appalachian State University History Appalachian State University began in the summer of 1899 when a group of citizens of Watauga County, NC, under the leadership of D.D. Dougherty and B.B. Dougherty, began a movement to establish a good school in Boone, NC. Land was donated by D.B. and holds a Masters of Accountancy from Virginia Polytechnical Institute. Factory Stores of America, Inc. is a real estate investment trust and is the nation's largest owner and operator of factory outlet centers. The Company owns and operates 35 centers in 21 states, with approximately 4.1 million square feet of gross leasable area Gross leasable area (GLA) in the retail development industry is a term applied to shopping malls, lifestyle centers, outlet malls and other retail centers to indicate the amount of floor space available to be rented. . CONTACT: Factory Stores of America, Inc., Smithfield David A. Hodson, 919/934-9446 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion