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HANDLEMAN COMPANY PROMOTES LOUIS A. KIRCOS TO SENIOR VICE PRESIDENT, CORPORATE DEVELOPMENT AND SUBSIDIARIES

 TROY, Mich., March 5 /PRNewswire/ -- Handleman Company (NYSE: HDL) announced today that Louis A. Kircos, the company's chief financial officer, is being promoted to senior vice president, Corporate Development and Subsidiaries. In his new position, Kircos will be responsible for seeking out and developing growth opportunities for the company. In addition, Handleman Company non-core business, principally its Video Treasures & Entertainment Zone subsidiaries, will now report to Kircos.
 Kircos joined Handleman Company in 1981 and has served as assistant vice president, assistant treasurer and corporate secretary. He was appointed to the newly created position of secretary/treasurer of the company in July 1986. In September 1987, he was elected vice president, Finance and chief financial officer. He was promoted to senior vice president, Finance in March 1990. Kircos also serves as a director of the Handleman Charitable Foundation and is a member of the HGV Video Productions, Inc., Video Treasures & Entertainment Zone executive committees. Prior to joining Handleman, Kircos, a graduate of the University of Michigan, was with Coopers & Lybrand.
 Handleman Company is commencing a search for a new chief financial officer and expects to evaluate candidates from within, as well as from outside the company. Kircos will assume his new position when the search has been completed.
 Handleman Company, with sales in excess of $1 billion, is the largest specialized merchandiser of home entertainment products to mass merchants in North America. Products include prerecorded music, prerecorded video, books and home computer software and are sold in over 23,000 departments in retail stores.
 -0- 3/5/93
 /CONTACT: Louis A. Kircos, senior vice president, Finance, or Larry A. Edwards, vice president and treasurer, Handleman Company, 313-362-4400; or Robert Aronson of Stone, August, Baker Communications Co., 313-641-0400, or Kathy Liebmann of Gavin Anderson & Company, 212-921-1060, both for Handleman/
 (HDL)


CO: Handleman Company ST: Michigan IN: ENT CPR SU: PER

KE -- DE021 -- 3527 03/05/93 15:00 EST
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Publication:PR Newswire
Date:Mar 5, 1993
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