Kmart Names New Board

Discussion
Apr 03, 2003
George Anderson

By George Anderson


Kmart has named nine new members to its Board of Directors.


Financier Edward Lampert, Kmart’s largest stockholder (see RW 3/27/03, Would
Sears and Kmart Be Perfect Together?
), and eight other investment firm and
financial executives make up the new board.


The new members are:


  • Julian Day, president and chief executive officer, Kmart

  • E. David Coolidge, chief executive officer and vice chairman of William Blair & Co. LLC, a Chicago-based independent investment firm

  • William Crowley, president and chief operating officer. ESL Investments. Previously served as managing director in the Merger and Acquisitions Department for Goldman Sachs

  • Thomas Tisch, managing partner for the private investment firm Four Partners.

  • Steven Mnuchin, former chief information officer at Goldman Sachs

  • Anne Reese, retired from ITT where she was senior vice president and chief financial officer

  • William Foss, lawyer. Former general counsel for a division of LVMH Moet Hennessy Louis Vuitton

  • Brandon Stranzl, senior research analyst, Third Avenue Management

Moderator’s Comment: Does the makeup of Kmart’s new
board of directors give you any thoughts on what the company’s future may be?


Sometimes the parts are worth more than the whole.
[George
Anderson – Moderator
]

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