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O'LEARY RESIGNS AS PRESIDENT AND CHIEF OPERATING OFFICER OF FAY'S INCORPORATED

 O'LEARY RESIGNS AS PRESIDENT AND CHIEF OPERATING OFFICER
 OF FAY'S INCORPORATED
 LIVERPOOL, N.Y., Aug. 7 /PRNewswire/ -- Fay's Incorporated (NYSE: FAY) announced that Daniel J. O'Leary, 45, has resigned as president and chief operating officer of the company. No reason was given by O'Leary for his resignation. In addition to his duties as chairman of the board and chief executive officer, Henry A. Pansci, Jr., 64, will assume O'Leary's duties as president and chief operating officer. O'Leary also resigned as a member of the board of directors of the company.
 O'Leary served as Fay's president and chief operating officer since November 1990. Between March 1989 and November 1990, he held the position of executive vice president. He joined Fay's in May 1987 as vice president - finance and chief financial officer.
 -0- 8/7/92
 /CONTACT: Henry A. Panasci, Jr., chairman of the board of Fay's Incorporated, 315-451-8000/
 (FAY) CO: Fay's Incorporated ST: New York IN: REA SU: PER


DA -- CL020 -- 8169 08/07/92 16:55 EDT
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Publication:PR Newswire
Date:Aug 7, 1992
Words:167
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