Federated Direct Announces Establishment of an Office of the Principals at Fingerhut Companies, Inc.Business Editors MINNEAPOLIS--(BUSINESS WIRE)--July 12, 2000 Michael Sherman Appointed President and Chief Marketing Officer Jeff Sherman, chairman of Federated Connected and treated as one. See federated database and federated directories. Direct, today announced the establishment of an Office of the Principals at Fingerhut Companies, and the promotion of Michael Sherman to the new position of president and chief marketing officer of Fingerhut. In his new capacity, Michael Sherman will join with John Buck John Buck may refer to:
The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , in comprising the Office of the Principals. Within the Office of the Principals, which reports directly to Jeff Sherman, John Sherman, John, 1823–1900, American statesman, b. Lancaster, Ohio; brother of William Tecumseh Sherman. He studied law, was admitted (1844) to the bar, and practiced law several years in Mansfield, Ohio, before he moved (1853) to Cleveland. Buck will maintain primary responsibility for finance, operations and administrative functions, while Michael Sherman will be primarily responsible for merchandising and marketing the mail order businesses of the Fingerhut Companies. The changes are effective July 10, 2000. "This is an organizational structure  This article has no lead section.To comply with Wikipedia's lead section guidelines, one should be written. that makes a lot of sense for Fingerhut, and is consistent with our mission to leverage the Fingerhut infrastructure across all of Federated Direct," said Jeff Sherman. "By creating an Office of the Principals, we are bringing two talented and experienced Fingerhut executives together under one umbrella, which will facilitate their working together collectively and collaboratively in growing Fingerhut as an important part of Federated's direct-to-customer business, while helping Federated Direct establish a broader presence." About Federated Federated, with corporate offices in Cincinnati and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , is one of the nation's leading department store retailers, with annual sales of more than $17.7 billion. Federated currently operates more than 400 department stores in 33 states under the names of Bloomingdale's, The Bon Marche, Burdines, Goldsmith's, Lazarus, Macy's, Rich's, and Stern's. Federated also operates the Fingerhut, Bloomingdale's By Mail, Macy's By Mail, macys.com and bloomingdales.com direct-to-consumer catalog and electronic commerce subsidiaries. About Fingerhut Fingerhut Companies, Inc. is a leading database marketing company selling a broad range of products and services direct-to-the-consumer through catalogs, direct marketing and the Internet. The company is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Federated Department Stores, Inc. (NYSE NYSE See: New York Stock Exchange : FD). Based in Minnetonka, Minn., Fingerhut and its subsidiaries employ approximately 12,000 people. Fingerhut is the second largest consumer cataloger in the world. In addition to the Fingerhut catalog, the company also publishes Figi's, Arizona Mail Order, Bedford Fair, Brownstone brownstone, red to brown variety of sandstone. Its unusual color is caused in some instances by the presence of red iron oxide which acts as a cement, binding the sand grains together. Studio, Lew Magram and Popular Club Plan. Fingerhut's ecommerce business includes fingerhut.com, andysauction.com, andysgarage.com, atomicLiving.com, myjewelry.com, outdoorspirit.com, pcflowers.com and birthdayhut.com. The company also owns equity stakes in Order Trust, Freeshop, roxy.com, handtech.com, ehow.com and ibirthday.com. |
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