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PAUL D. PAGANUCCI ELECTED TO FILENE'S BASEMENT BOARD OF DIRECTORS

 PAUL D. PAGANUCCI ELECTED TO FILENE'S BASEMENT BOARD OF DIRECTORS
 WELLESLEY, Mass., Oct. 21 /PRNewswire/ -- Filene's Basement Corp., (NASDAQ: BSMT) announced today that Paul D. Paganucci was elected to the company's board of directors. This election will expand the board to seven directors.
 Paganucci, 61, has been the chairman of the board of Ledyard National Bank in Hanover, N.H., since May 1991. Prior to that, he held a number of managerial positions at W.R. Grace & Co., including executive vice president, vice chairman and later, chairman of the executive committee and director.
 During his career, Paganucci spent 13 years at Dartmouth College, including service as vice president and treasurer of the college and as associate dean at the Amos Tuck School of Business Administration.
 From 1961 through 1972, Paganucci was the president, treasurer and director of Lombard, Vitalis, Paganucci and Nelson, Inc., and a member of the New York Stock Exchange.
 Paganucci received an undergraduate degree from Dartmouth College, a J.D. from Harvard Law School and an M.B.A. from the Amos Tuck School of Business Administration. Currently, he is a director of the Ambase Corporation; State Mutual Securities, Inc.; the non-profit Grace Foundation, Inc. and the Sherman Fairchild Foundation.
 Filene's Basement Corp. operates specialty stores which offer focused, quality branded assortments of men's and women's apparel at prices generally 20 percent to 60 percent below department and specialty store regular prices. The company has 47 stores primarily in the Northeast and the Midwest.
 -0- 10/21/92
 /CONTACT: Jim Anathan of Filene's Basement Corp., 617-348-7042/
 (BSMT) CO: Filene's Basement Corporation ST: Massachusetts IN: REA SU: PER


CN -- NE014 -- 3007 10/21/92 15:03 EDT
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Publication:PR Newswire
Date:Oct 21, 1992
Words:279
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