WOOLWORTH CORPORATION ANNOUNCES
CORPORATE AND SUBSIDIARY MANAGEMENT CHANGES
NEW YORK, Jan. 8 /PRNewswire/ -- Harold E. Sells, chairman and chief executive officer of Woolworth Corporation (NYSE: Z), today announced several changes in the senior corporate staff and Canadian subsidiary management of the large multinational retailer.
Among the corporate staff changes, Sells stated that the company's board of directors elected Patricia A. Peck, 41, as vice president-human resources. Peck will assume her position on Feb. 1, succeeding William R. Forcht, 62, who is retiring. Peck, who joined Woolworth in 1978, has served as assistant vice president-personnel since May 1991. Prior to that, she was corporate director-human resources. In her new position, Peck will report to W. Barry Thomson, senior vice president- administration.
In addition, Glen R. Goff, 54, was today elected by the board to the new position of vice president and general auditor, effective immediately. Goff, who has served as general auditor since he joined the company in 1981, will report to William K. Lavin, executive vice president-finance and administration and chief financial officer.
In other actions, Sells announced that, effective immediately, Douglas J. Lawson, 49, president of the company's Kinney Canada Inc. subsidiary, has been elected vice chairman and chief executive officer of that company and of F.W. Woolworth Co. Limited, another of the company's Canadian subsidiaries. In his new positions, Lawson will report to Frederick E. Hennig, president and chief operating officer of Woolworth Corporation.
Also, Sells announced that Robert L. Whitell, 61, who has served as president and chief executive officer of F.W. Woolworth Co. Limited since 1986, has elected to take early retirement after over 42 years of service. He will continue to serve on the board of directors of F.W. Woolworth Co. Limited.
Lawson joined Kinney Canada Inc. in 1970. After serving in various management positions, he was elected president of that company in 1980. Lawson also serves as a director of Kinney Canada Inc. and of its parent company, New York-based Kinney Shoe Corporation, both of which are wholly owned subsidiaries of Woolworth Corporation. Lawson has also served as a director of F.W. Woolworth Co. Limited since 1987.
Sells stated that, "The appointment of Doug Lawson as vice chairman and chief executive officer of F.W. Woolworth Co. Limited and Kinney Canada Inc. is a part of our plan to streamline Woolworth Corporation's Canadian operations to achieve greater operating and cost efficiencies."
In related moves, effective with the start of the company's new year on January 26, 1992, R. Bruce West, senior vice president, general merchandise group, of F.W. Woolworth Co. Limited, was elected president and chief operating officer of that company, in charge of its general merchandise group; and Brian J. Worts, executive vice president of Kinney Canada Inc., was named president and chief operating officer of that company. West and Worts will report to Lawson.
West, 45, began his career with Woolworth Canada in 1965 and served in various operational and management positions prior to being elected as senior vice president of the general merchandise group in 1988. The general merchandise group includes the company's Woolco full-line promotional department stores and Woolworth and Robinson's general merchandise stores. West has been a director of F.W. Woolworth Co. Limited since 1989.
A member of Kinney Canada's board of directors since 1979, the 43 year-old Worts is a 20-year veteran of Kinney Canada. He was elected to the position of executive vice president in 1984.
In addition, Alan M. Beam, vice president, specialty stores, of F.W. Woolworth Co. Limited, has been elected senior vice president, specialty stores of that company. Beam, 45, joined Woolworth Canada in 1965, and has held various operational and management positions. In his new position, he will report to Lawson.
Collectively, the Canadian Kinney and Woolworth subsidiaries operate some 1,700 stores across that country, including more than 340 Woolco, Woolworth and Robinson's general merchandise stores, and approximately 1,360 specialty stores in over 15 formats, including Foot Locker, Northern Reflections, Randy River, Kinney, Champs Sports and Silk & Satin.
New York-based Woolworth Corporation operates more than 9,300 specialty and general merchandise stores in the United States, Canada, Germany, Belgium, England, the Netherlands, France, Italy, Luxembourg, Mexico and Australia.
/NOTE TO EDITORS: Two other Woolworth Corporation news releases are also being issued today: "Dividends Declared by Woolworth Corporation" and "Woolworth Corporation Sets Redeployment Plan for U.S. Stores."/
/CONTACT: Frances E. Trachter of Woolworth, 212-553-2394/
(Z) CO: Woolworth Corporation ST: New York IN: REA SU: PER SM -- NY092 -- 7785 01/08/92 12:25 EST