MONTGOMERY WARD ANNOUNCES SENIOR MANAGEMENT ELEVATIONS
AND BROADENING OF RESPONSIBILITY
CHICAGO, Jan. 27 /PRNewswire/ -- Several members of senior management have been elevated to positions of greater responsibility in order to facilitate the company's growth plans, announced Bernard F. Brennan, chairman and chief executive officer of Montgomery Ward & Co.
Bob Schoeberl, 55, is named senior vice president Electric Avenue, reporting to Dan Levy, vice chairman and chief operating officer. In this position, he will be responsible for Montgomery Ward's electronics and appliances businesses. Schoeberl formerly was senior vice president automotive. Schoeberl has been with Montgomery Ward for 33 years and brings excellent merchandising and customer service experience to his new position.
Replacing Bob Schoeberl in automotive is Larry Day, 42, who is named vice president Auto Express, reporting to Dan Levy. Day's previous assignment was field director, Auto Express.
Buck Pohlmann, 44, is appointed executive vice president stores and finance. In this newly created position, he will be responsible for Montgomery Ward's entire field operations, in addition to his current financial responsibilities. Concurrent with this move, John Workman, 40, is named vice president finance, reporting to Pohlmann. Workman, whose previous assignment was vice president and controller, has been with Montgomery Ward for eight years. In addition to the control and tax activities, Workman assumes responsibility for all treasury functions.
Dick Rusthoven, 51, is promoted to executive vice president apparel, with responsibility for Montgomery Ward's entire apparel business. This move reflects the importance of apparel to the company's strategy going forward. Rusthoven, who has three years of experience with Montgomery Ward, had been senior vice president apparel and brings significant experience in apparel retailing.
In a move that reflects the importance of the company's human resources as it executes its strategies, Bob Kasenter, 45, is promoted to the position of executive vice president human resources, reporting to Brennan. Kasenter, who has been with the company for 23 years, was previously senior vice president human resources.
Don Docken, 47, is assuming responsibility for planning, in addition to his current responsibilities for merchandise presentation, reporting to Bill McCarthy, president marketing. Docken joined Montgomery Ward in 1983 and has held increasingly responsible positions in store design and merchandise presentation. At the same time, Ed Zgonina is promoted to the position of vice president, store planning and construction, reporting to Docken. Zgonina, 45, had been director store planning. In this new configuration, McCarthy will have ultimate responsibility for advertising, merchandise presentation and planning, which will allow for the high degree of coordination necessary among these critical areas.
Phil Delk, 43, is appointed vice president and deputy general counsel, reporting to Spence Heine, executive vice president, legal and financial services. Delk, who has been with the company for 17 years, will have day-to-day responsibility for legal matters.
"The new appointments utilize the strengths and management experience of these long-term Montgomery Ward senior management associates in focusing on the critical activities of the company. This will enable us to further accomplish the goals of our value driven specialty store strategy," commented Brennan.
/CONTACT: Ann Raives of Montgomery Ward, 312-467-7410/ CO: Montgomery Ward & Co. ST: Illinois IN: REA SU: PER SM -- NY090 -- 3899 01/27/92 16:17 EST