Kmart Corporation (NYSE: KM) today announced the election of Richard J. Statuto, 43, to its Board of Directors, effective April 17, 2001.
Statuto is President and Chief Executive Officer of St. Joseph Health Systems, Orange, Calif., a $2.3 billion provider of hospital, physician, home care, wellness and insurance services. He has held a variety of positions at St. Joseph Health Systems since joining the company in 1990 including Vice President of Marketing and Chief Operating Officer. He also is Vice Chairman of the Board and chairs the Nominating Committee of CHRISTUS Health in Dallas, Texas.
Prior to joining St. Joseph Health System, Statuto held product development and marketing positions at Procter and Gamble and at Bon Secours Health System in Maryland, and provided management consulting services for several industries while at Touche Ross & Company. He received his B.E. degree in Chemical Engineering from Vanderbilt University and his MBA from Xavier University.
Commenting on Statuto's election to the company's Board, Chairman and Chief Executive Officer Chuck Conaway said, "I am very pleased to welcome Richard Statuto to the roster of accomplished business leaders on Kmart's Board of Directors. Richard's expertise in product development and marketing as well as the service industry will be of great value to the Kmart Board as we map corporate strategy to satisfy our customers better."
Kmart Corporation is a near-$40 billion company that serves America with more than 2,100 Kmart and Kmart supercenter retail outlets. Kmart donates $35 million each year to support its hometowns and local non-profit organizations. Kmart associates also provide their most valuable resource -- time -- everyday in their local communities. In addition to serving all 50 states, Kmart operations extend to the Caribbean Islands and Asia Pacific. More information about Kmart is available on the World Wide Web at http://www.bluelight.com/ under the "About Kmart" section.
SOURCE: Kmart Corporation
Contact: Mary Lorencz, Director, Corporate Media Relations of Kmart