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JACOBSON STORES INC. ORGANIZATIONAL CHANGES AND DIVIDEND ANNOUNCEMENT

JACOBSON STORES INC. ORGANIZATIONAL CHANGES AND DIVIDEND ANNOUNCEMENT
 JACKSON, Mich., May 28 /PRNewswire/ -- The following organizational changes were made at today's board of directors meeting for Jacobson Stores Inc. (NASDAQ-NMS: JCBS):
 -- Mark K. Rosenfeld, previously president and chief operating officer, becomes president and chief executive officer.
 -- J. Russell Fowler, previously chairman of the board and chief executive officer, will remain as chairman of the board and chairman of the Executive Committee.
 -- Mary Ann Swartzle, divisional merchandise manager - Children's, appointed vice president.
 -- Jeff Senn, divisional merchandise manager - Men's, appointed vice president.
 In addition, the board declared a regular quarterly dividend on the common stock of 12 1/2 cents per share, payable July 10, 1992, to common shareholders of record at the close of business on June 19, 1992. This represents the 112th consecutive quarterly cash dividend to shareholders.
 -0- 5/28/92
 /CONTACT: Paul W. Gilbert, executive vice president and chief financial officer, Jacobson Stores Inc., 517-764-6400/
 (JCBS) CO: Jacobson Stores Inc. ST: Michigan IN: REA SU: DIV PER


SB -- DE027 -- 4928 05/28/92 16:37 EDT
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Publication:PR Newswire
Date:May 28, 1992
Words:178
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