LANDS' END NAMES END PRESIDENT; DYER ELECTED VICE CHAIRMAN,
MERCHANDISING; ANDERSON REMAINS CHIEF EXECUTIVE OFFICER
DODGEVILLE, Wis., Feb. 19 -- Lands' End, Inc., (NYSE: LE) today announced that William T. End has been elected president and chief operating officer, and David F. Dyer has been named vice chairman of merchandising for the international direct merchant clothing company.
In the roles of president and chief operating officer, End succeeds Richard C. Anderson, 62, who will continue as vice chairman of the board and chief executive officer. Both Dyer and End will report directly to him. The changes are effective immediately.
Announcing the appointments to employees at company headquarters today, Anderson said, "For the past few years, I have been concentrating on a plan for management succession within Lands' End, and these moves will allow Bill and Dave to share more equally with me in running the business and directing our growth in the coming years. In the short time Bill and Dave have been with Lands' End, they have made major contributions to the company."
End, 44, joined the company in January 1991 after a 15-year tenure with L.L. Bean, the clothing and sporting goods catalog company in Freeport, Maine. When he left Bean in September 1990, he was their executive vice president and senior vice president of marketing. Prior to joining Bean, End spent four years with the Gillette Company, where he rose to group product manager.
"As president, all the company's operating departments, including customer sales and service will report to Bill. He will also be responsible for marketing, finance, human resources, and strategic planning, as well as overseeing our ongoing international expansion efforts," said Anderson. "Bill has already demonstrated that the sum of these challenges will be well met by his broad and considerable management skills."
Dyer, 42, joined Lands' End in July 1989 as managing director, domestics, and was put in charge of expanding the company's business in textile accessories for the home. In June 1990, he was also named executive vice president, responsible for all aspects of merchandising. In 1991, the company mailed its first issue of Coming Home With Lands' End, a specialty catalog focusing on products for bed and bath.
Dyer came to Lands' End from Burdine's, the Miami-based division of Federated Department Stores, where he was senior vice president and general merchandising manager of women's apparel, accessories and cosmetics. Except for a short period with Macy's New Jersey division, Dyer had spent his entire retail career at Burdine's.
"All the company's merchandising functions, including quality assurance and inventory control, will report to Dave," stated Anderson. "In our business, merchandising involves the entire process of conceiving quality products, developing them and selling them to our customers in a manner reflecting our principles of doing business. It is certainly the drive train of our company, and Dave has demonstrated impressive flair in this area.
"I know that Bill and Dave will work well in partnership with me in the same spirit and in the same way as I've worked with our founder and chairman Gary Comer since I joined Lands' End in 1984," said Anderson. "The creative department will also continue to report to me, and in my role as editor-in-chief, I can devote more time to overseeing all company communications with our customers, which include our catalogs and our advertising. In addition, I will continue to concentrate on long-range concepts for our company."
Anderson will also continue to serve as chairman of the company's five-member executive committee, which is responsible for financial and strategic planning.
Lands' End sells traditionally styled, casual clothing for men, women and children, as well as accessories, luggage and domestics, through regular mailings of its monthly and specialty catalogs.
/CONTACT: Charlotte LaComb of Lands' End, 608-935-4835/
(LE) CO: Lands' End Inc. ST: Wisconsin IN: REA SU: PER SM -- NY017 -- 0318 02/19/92 09:57 EST