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FINGERHUT ACCEPTS RESIGNATION OF WACHNER

 FINGERHUT ACCEPTS RESIGNATION OF WACHNER
 MINNEAPOLIS, July 23 /PRNewswire/ -- Ted Deikel, chairman and CEO of


Fingerhut Companies, Inc. (NYSE: FHT) announced today that the Fingerhut board has officially accepted the resignation of board member Linda J. Wachner. In April, E. "Skip" Gage, chairman and CEO of Gage Marketing Group was appointed to the board in anticipation of Wachner's resignation. The number of directors will therefore remain at seven.
 "Linda is a talented retailing executive. I'm sorry that commitments within her now-public company are demanding her time," said Deikel. "Skip Gage however, is an exceptional addition due to his extensive direct marketing experience."
 Fingerhut Companies, Inc. is one of the nation's largest catalog marketing companies and sells brand name and private label merchandise to an active base of 13 million customers. The company employs approximately 8,000 people in locations in Minnesota, Wisconsin and Tennessee. Fingerhut Companies, Inc. common stock trades on the New York Stock Exchange under the symbol FHT.
 -0- 7/23/92
 /CONTACT: Theodore Deikel of Fingerhut, 612-936-5410/
 (FHT) CO: Fingerhut Companies, Inc. ST: Minnesota IN: REA SU: PER


MA -- MN015 -- 2824 07/23/92 18:00 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jul 23, 1992
Words:190
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