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WOOLWORTH CORPORATION ANNOUNCES CORPORATE AND SUBSIDIARY MANAGEMENT CHANGES

 NEW YORK, Sept. 8 /PRNewswire/ -- William K. Lavin, chairman and chief executive officer of Woolworth Corporation (NYSE: Z), today announced senior management changes in corporate staff and the company's Woolworth Overseas Corp. and F.W. Woolworth Co. subsidiaries.
 Lavin said, "These management changes are meaningful steps toward the company's becoming a more low-cost provider and customer-driven organization, which will ultimately result in enhanced shareholder value."
 Lavin stated that the company's board of directors elected Frank J. Marrella, 51, to the new position of vice president - logistics, effective immediately. Marrella will be responsible for Woolworth Overseas Corp. (WOC), the company's foreign buying operation, and will oversee the company's recently initiated worldwide logistics task force. Presently, the task force is studying the company's management of processes and information-flow involved in the global movement of merchandise, from initial purchase through delivery to stores. Marrella will also manage the implementation of the task force's recommendations. In his new position, Marrella will report to Frederick E. Hennig, president and chief operating officer of Woolworth Corporation.
 Marrella joined the company's Kinney Shoe Corporation subsidiary in 1971, and was vice president and treasurer of Kinney prior to being elected, in 1983, an assistant treasurer of the Woolworth parent company. In 1986, Marrella was named president and chief executive officer of WOC, the position he held until the present time.
 Gary T. Fuller will replace Marrella as president and chief executive officer of WOC, effective immediately. Fuller, 56, has most recently served as executive vice president of F.W. Woolworth Co. and chief operating officer of that company's general merchandise and deep- discount drug operations. In his new position, Fuller will report to Marrella.
 Fuller joined F.W. Woolworth Co. in 1957 and held the position of vice president of operations and expense prior to being named president and chief executive officer of The Rx Place division in 1989. He was named executive vice president of F.W. Woolworth Co. earlier this year.
 Lavin also announced that Edgar J. Swain, 58, was elected president and chief executive officer of F.W. Woolworth Co. Swain, a 39-year veteran with Woolworth, has held various sales, merchandising and management positions, most recently as executive vice president, specialty stores, responsible for the 800-store Afterthoughts/Carimar chain of costume jewelry, handbags and accessories boutiques, the 159 stores in The San Francisco Music Box chain and 45 The Best of Times watch and clock stores. As president of F.W. Woolworth Co., Swain will have responsibility for the nearly 900 Woolworth general merchandise stores and the 26-store The Rx Place deep-discount drug chain as well as for specialty stores. In his new position, Swain will report to Hennig. Swain replaces Robert G. Lynn, who left the company to pursue other interests.
 New York-based Woolworth Corporation operates more than 9,200 specialty and general merchandise stores in the United States, Canada, Mexico, Germany, England, Belgium, the Netherlands, France, Spain, Italy, Luxembourg and Australia.
 -0- 9/8/93
 /CONTACT: Frances E. Trachter of Woolworth Corporation, 212-553-2394/
 (Z)


CO: Woolworth Corporation ST: New York IN: REA SU: PER

TS -- NY049 -- 9809 09/08/93 12:19 EDT
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Publication:PR Newswire
Date:Sep 8, 1993
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