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WOLVERINE BOARD ELECTS BLOOM AS CEO, MATTHEWS AS CHAIRMAN OF THE BOARD EFFECTIVE AT APRIL 27 ANNUAL MEETING

 ROCKFORD, Ill., March 8 /PRNewswire/ -- The Wolverine World Wide, Inc. board of directors unanimously elected Geoffrey B. Bloom, president and chief operating officer, to assume the chief executive officer role for the international shoe company.
 The Wolverine board also elected Phillip D. Matthews, chairman of the executive committee, to serve as non-management chairman of the board.
 Both positions will become effective at the Wolverine annual meeting on April 27, 1993.
 The board actions were initiated at the company's May 1992 annual meeting when Thomas D. Gleason, chairman and chief executive officer, announced plans for his retirement after two decades in the top position at Wolverine. Following the annual meeting, Gleason, 57, will continue to serve the company as vice chairman of the board.
 Since Gleason's announcement, Bloom has directed day-to-day operations in the U.S. and coordinated the activities of licensing programs in more than 60 countries around the world. Matthews acted as the board's representative in facilitating the succession process.
 "Tom Gleason's announcement at last year's annual meeting initiated the first change in leadership for the company since he became CEO in 1972," said Matthews. "The board of directors fully examined all options for his successor, including a nationwide search conducted by Heidrick & Struggles. After interviewing a number of outside candidates, the board unanimously agreed that Geof Bloom is the best choice to maximize Wolverine's ability to serve our shareholders, customers and employees."
 "I am pleased by the board's actions and the confidence they have expressed in Geof Bloom's leadership. The company has made much progress in the last nine months and is poised to move to greater heights. I believe the combination of Phil Matthews as chairman and Geof Bloom as CEO will provide Wolverine with the direction and execution needed to prosper in today's footwear marketplace. I am assured that the company is being left in good hands," said Gleason.
 "I am gratified by the board's confidence in my ability to serve as chief executive officer. Phil Matthews and I have collaborated closely during the past nine months on the completion of our two-year program to restructure Wolverine, focus on its core business, and reduce costs. I look forward to working with him as chairman and have great confidence in our management team to carry out our program," Bloom said.
 Bloom, 51, was elected president and COO of Wolverine in April 1987. Prior to joining Wolverine, he was president and CEO of Jaymar Ruby, Inc. from 1981 to 1987 and vice president of marketing for Florsheim Shoe Company from 1969 to 1981.
 Matthews, 54, a director of Wolverine World Wide since 1981, is an independent businessman who was the chairman, CEO and principal owner of Bell Helmets, Inc., the predecessor of Bell Sports Corp. Prior to that, he was senior vice president and chief financial officer of Dart and Kraft, Inc.
 In a separate action, the company said Timothy J. O'Donovan, corporate executive vice president and Hush Puppies Company president, was appointed to fill a new directorship on the Wolverine board that will expire at the 1995 annual meeting. This increased the number of directors to 11.
 Wolverine World Wide, Inc. manufactures and markets a wide variety of branded footwear and pigskin leather. Major branded products of the company include: Hush Puppies(R) shoes, Wolverine(R) work and sport footwear, Wolverine Wilderness(R) footgear, apparel and accessories, Coleman(R) footgear, Bates(R) uniform footwear and Bates Floaters(R), Tru-Stitch(R) slippers, Sioux-Mox(R) moccasins, Wimzees(R) casual footwear, Town & Country(TM) women's shoes, Kroupana(R) sueded pigskin, and Breathin' Brushed Pigskin(R) leather.
 -0- 3/8/93
 /CONTACT: Jim Lovejoy of Wolverine World Wide, 616-866-5539, or fax, 616-866-0257/
 (WWW)


CO: Wolverine World Wide, Inc. ST: Illinois IN: HOU SU: PER

SM -- NY082 -- 4211 03/08/93 16:33 EST
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Date:Mar 8, 1993
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