NEW YORK -- (Business Wire)
Retailer Saks Incorporated (NYSE: SKS) (“Saks” or the “Company”) today
announced that Myron E. (Mike) Ullman, III, 66, has been appointed to
the Company’s Board of Directors effective today. He also will serve on
the Audit and Corporate Governance Committees of the Company’s Board of
Directors.
Mr. Ullman is a highly experienced retail industry executive who has led
large consumer and luxury goods businesses both domestically and
internationally over the past thirty years.
In February 2012, Mr. Ullman retired as Chairman and Chief Executive
Officer of J.C. Penney Company, Inc., after serving in those positions
since December 2004. Prior to that, he served as Directeur General of
the world’s largest luxury group, LVMH Moet Hennessey Louis Vuitton, in
Paris; Chairman and Chief Executive Officer of DFS Group Limited, the
world’s leading travel retailer; and Chairman and Chief Executive
Officer of R.H. Macy & Co., Inc. Mr. Ullman’s prior retail experience
also includes leading Wharf Holdings Ltd. in Hong Kong and posts at
Federated Department Stores earlier in his career. In addition, he
previously served as a White House Fellow in the Reagan Administration,
Vice President of Business Affairs at the University of Cincinnati, and
an International Account Manager for IBM Corporation.
Mr. Ullman currently serves on the boards of directors of Starbucks
Corporation (NASDAQ: SBUX) and the COFRA Group headquartered in Zug,
Switzerland and as Deputy Chairman of the Federal Reserve Bank of
Dallas. He is also an advisor to the board of directors of the Retail
Industry Leaders Association and is a past Chairman of the National
Retail Federation. Mr. Ullman is also Chairman of the Board of Mercy
Ships International, a global medical and human services charity. He
previously served as a director of Ralph Lauren Corporation; Taubman
Centers, Inc.; LVMH Moët Hennessy Louis Vuitton; Federated Department
Stores; and Segway, LLC.
Stephen I. Sadove, Chairman and Chief Executive Officer of Saks,
commented, “We are extremely pleased that Mike Ullman has joined our
Board of Directors. His exceptional retail and luxury goods experience
and his strategic business background will make him an outstanding
contributor to our Board.”
The Company currently operates 43 Saks Fifth Avenue stores, 65 Saks
Fifth Avenue OFF 5TH stores, and saks.com. Saks Fifth Avenue is proud to
be named a J.D. Power and Associates 2012 Customer Service Champion and
is only one of 50 U.S. companies so named.
Contacts:
Saks Incorporated
Julia Bentley, 865-981-6243
www.saksincorporated.com
Source: Saks Incorporated
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