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KMART NAMES PALIZZI EXECUTIVE VICE PRESIDENT

 TROY, Mich., Nov. 23 ~PRNewswire~ -- Kmart Corporation (NYSE: KM) today announced the promotion of Anthony N. Palizzi to executive vice president, general counsel, effective Dec. 1, 1992. Reporting to Kmart Chairman, President and CEO Joseph E. Antonini, Palizzi will oversee the legal affairs, government relations, public affairs and corporate communications activities of the company.
 A 21-year veteran of Kmart, Palizzi has held executive positions of increasing responsibility. Since 1991, he has served as senior vice president, general counsel and previously as vice president, associate general counsel. Palizzi holds both Ph.B. (bachelor of philosophy) and J.D. degrees from Wayne State University as well as an LL.M. from Yale.
 With Palizzi's promotion, only six executives directly report to Kmart's office of the chairman.
 "Our new structure allows us to more strongly focus on managing our business," said Antonini. "With six direct reports to the chairman's office, group executives will maximize their effectiveness by operating in a more entrepreneurial fashion."
 In addition to Palizzi, also reporting to Chairman Antonini are: Richard S. Miller, executive vice president, U.S. Kmart stores; George R. Mrkonic Jr., executive vice president, specialty retailing; Thomas F. Murasky, executive vice president, chief financial officer; Joh? R. Thomas, executive vice president, international and administration; Frederic M. Comins Jr., senior vice president, executive and organization resources.
 Kmart Corporation serves America with more than 4,000 retail outlets in all 50 states in the United States, Puerto Rico, Canada and Czechoslovakia. Currently operating 2,400 Kmart stores, Kmart Corporation also is the parent company for PACE Membership Warehouse, Builders Square, Waldenbooks, PayLess Drug Stores, The Sports Authority, OfficeMax and Borders.
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 ~CONTACT: Shawn McGee Kahle of Kmart, Corporate Communications, 313-643-1021~
 (KM)


CO: Kmart Corporation ST: Michigan IN: REA SU: PER

SB -- DE034 -- 0660 11~23~92 15:02 EST
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Publication:PR Newswire
Date:Nov 23, 1992
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