Kmart President and Chief Operating Officer Andy Giancamilli today announced the appointment of Mark S. Schwartz, 40, to the post of Executive Vice President, Store Operations, effective immediately. Schwartz will be responsible for the operation of all 2,164 Kmart, Big Kmart and Super Kmart stores and report directly to Giancamilli.
"As Kmart's senior store operations executive, Mark Schwartz will be instrumental in achieving our strategic imperatives of dramatically improving retail execution to reach world-class standards and ensure all of our actions are aimed at creating a more satisfying shopping experience for all Kmart customers," said Giancamilli. "Mark's competitive drive, supercenter experience, extensive understanding of what shoppers expect from their local discount store, and disciplined approach to retail execution will be of great benefit to Kmart."
For 16 years, Mark Schwartz was an operations executive with Wal*Mart, where he served as President & Director General of Wal*Mart Supercenters Stores in Mexico from 1996 to 1998. Also at Wal*Mart, he held the post of Senior Vice President for Wal*Mart Supercenters and had operational oversight as Wal*Mart grew its supercenter stores in the U.S. from 10 in 1989 to nearly 400 in 1996. Since leaving Wal*Mart, he served as President & Chief Executive Officer of Hechinger Corporation and President & Chief Executive Officer Big V Supermarkets, Inc.
Mark Schwartz began his retailing career at the age of 16 working for Woolco Department Stores in Texas, where he become a store manager at age 22. He is a graduate of the University of Texas at San Antonio, is married and has four children.
Kmart Corporation (NYSE: KM) serves America with 2,164 Kmart, Big Kmart and Super Kmart retail outlets. In addition to serving all 50 states, Kmart operations extend to Puerto Rico, Guam and the U.S. Virgin Islands. More information about Kmart is available on the World Wide Web at www.bluelight.com in the "About Kmart" section.
SOURCE: Kmart Corporation
Contact: Mary Lorencz of Kmart Corporation Corporate Media Relations,
248-463-1021, or Investor Relations, 248-463-0140