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CHOCK FULL O' NUTS CORPORATION NAMES NEW CHIEF EXECUTIVE OFFICER

 NEW YORK, Aug. 6 /PRNewswire/ -- Chock full o' Nuts Corporation (NYSE: CHF) today announced that Joseph A. Breslin, chairman of the board and chief executive officer, has resigned from all positions with the company and its subsidiaries to pursue other interests. The company's board of firectors appointed Marvin Haas as its new chief executive officer. Mr. Haas is currently chief operating officer and will keep this responsibility as well. Mr. Breslin has entered into an agreement with the company, cancelling his existing contract and receiving a settlement therefore, including severance pay, which will result in an estimated after-tax charge in fiscal 1993 of approximately $525,000 ($.05 per share).
 Chock full o' Nuts Corporation roasts, packs and markets regular, instant and decaffeinated coffees under the Chock full o' Nuts label. Its best known coffee product is its premium, vacuum packed, all-method grind coffee. Hillside Coffee, a leading roaster, distributor and marketer of specialty whole bean coffees, provides a unique direct store delivery and full service merchandising program to supermarkets, utilizing attractive end-of-aisle free-standing display kiosks with self-service grinders. The company is also one of the largest marketers of food service and private label coffees, teas and related products.
 -0- 8/6/93
 /CONTACT: Howard Leitner, president and chief financial officer of Chock full o' Nuts, 212-532-0300/
 (CHF)


CO: Chock full o' Nuts Corporation ST: New York IN: FOD SU: PER

GK -- NY040 -- 0334 08/06/93 13:24 EDT
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Publication:PR Newswire
Date:Aug 6, 1993
Words:239
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