May Dept Stores (NYSE:MAY)
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The May Department Stores Company Announces Retirement of
Filene's/Kaufmann's Chairman William K. Gingerich and Promotion of Michael J.
Geraghty
ST. LOUIS, Oct. 4 /PRNewswire-FirstCall/ -- The May Department Stores Company
(NYSE:MAY) today announced the retirement of William K. Gingerich, chairman of
its Filene's/Kaufmann's department store division headquartered in Boston. His
retirement is effective Oct. 31, 2004. Michael J. Geraghty, currently
executive vice president of finance and merchandise information systems at
Filene's/Kaufmann's, succeeds Mr. Gingerich.
Thomas A. Kingsbury continues as president and chief executive officer of
Filene's/Kaufmann's.
"Bill Gingerich has had a distinguished 20-year career with May," said John L.
Dunham, May's president. "His contributions and accomplishments on behalf of
May have been substantial. His leadership and business insights will be missed
by his associates and peers throughout the company."
"Bill Gingerich, Tom Kingsbury, and Mike Geraghty have been part of a powerful
senior management team at Filene's/Kaufmann's," said William P. McNamara, May's
vice chairman. "Mike has a proven record of success as a manager and leader.
His 22 years of experience with May and his extensive experience at
Filene's/Kaufmann's will help provide a smooth management transition for this
very important position."
Mr. Geraghty, 55, joined May in 1980 as vice president of credit and customer
service at May's former May Company, California division and in 1983 was named
controller. In 1985 he was named senior vice president of finance for the
former G. Fox division. In 1992 Mr. Geraghty was named Filene's vice president
of credit and operations and in 1996 was named regional vice president of May's
credit center in St. Louis. Later in 1996 he was promoted to senior vice
president of finance for Filene's and was named to his current position at
Filene's/Kaufmann's earlier this year.
A native of New York City, Mr. Geraghty received a BBA degree in finance from
Iona College and an MBA degree from St. John's University. He and his wife
Carol have two grown children.
Mr. Gingerich, 55, joined May in 1984 as controller for the former Strouss
division in Youngstown, Ohio. In 1986 he was named controller for Kaufmann's
in Pittsburgh, was promoted to senior vice president of finance in 1990, and
was named senior vice president and assistant to the president of Kaufmann's in
1994. Mr. Gingerich was named chairman of Kaufmann's in 1999 and became
chairman of the Filene's/Kaufmann's division in 2002.
Mr. Gingerich is originally from Akron, Ohio. He and his wife Nancy have two
grown children.
The May Department Stores Company currently operates 497 department stores
under the names of Famous-Barr, Filene's, Foley's, Hecht's, Kaufmann's, Lord &
Taylor, L.S. Ayres, Marshall Field's, Meier & Frank, Robinsons-May,
Strawbridge's, and The Jones Store, as well as 223 David's Bridal stores, 457
After Hours Formalwear stores, and 11 Priscilla of Boston stores in its Bridal
Group. May operates in 46 states, the District of Columbia, and Puerto Rico.
Note to Editors: To source photographs of William K. Gingerich and Michael J.
Geraghty, please see http://www.mayco.com/common/releases/10042004_photos.html
For further information, contact Sharon Bateman at 314-342-6494.
DATASOURCE: The May Department Stores Company
CONTACT: Sharon Bateman, +1-314-342-6494 for The May Department Stores
Company