People: Saks Inc (SKS)

SKS on New York Consolidated

11.85USD
17 May 2013
Price Change (% chg)

$-0.06 (-0.50%)
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$11.91
Open
$11.89
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$11.95
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$11.67
Volume
3,143,023
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2,014,864
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$12.16
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Summary

Name Age Since Current Position

Stephen Sadove

 61 2007 Chairman of the Board, Chief Executive Officer

Ronald Frasch

 64 2007 President, Chief Merchandising Officer

Kevin Wills

 47 2007 Chief Financial Officer, Executive Vice President

Michael Burgess

 42 2012 President of Saks Direct

Michael Rodgers

 48 2008 Executive Vice President, Chief Information and Operations Officer

Michael Brizel

 56 2007 Executive Vice President, General Counsel

Christine Morena

 57 2007 Executive Vice President - Human Resources

Jennifer de Winter

 52 2008 Executive Vice President - Stores

Denise Incandela

 48 2011 Executive Vice President; President of Saks Direct and Chief Marketing Officer of Saks Fifth Avenue

Robert Wallstrom

 47 2010 Executive Vice President; President of OFF 5TH

Donald Hess

 63 2007 Lead Independent Director

Fabiola Arredondo de Vara

 45 2012 Independent Director

Robert Carter

 53 2004 Independent Director

Michael Gross

 51 1994 Independent Director

Marguerite Kondracke

 66 1996 Independent Director

Jerry Levin

 68 2007 Independent Director

Nora McAniff

 53 2002 Independent Director

Jack Stahl

 60 2012 Independent Director

Julia Bentley

 2012 IR Contact Officer
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Biographies

Name Description

Stephen Sadove

 Mr. Stephen I. Sadove serves as Chairman of the Board, Chief Executive Officer of Saks Inc. Mr. Sadove was named Chief Executive Officer in January 2006 and assumed the additional role of Chairman of the Board of Directors in May 2007. Mr. Sadove joined in January 2002 as Vice Chairman and assumed the additional responsibility of Chief Operating Officer in March 2004. Prior to joining, Mr. Sadove served as Senior Vice President of Bristol-Myers Squibb and President of Bristol-Myers Squibb Worldwide Beauty Care from 1996 until January 2002. From 1991 until 1996, Mr. Sadove held various other executive positions with Bristol-Myers Squibb. From 1975 until 1991, Mr. Sadove held various positions of increasing responsibility with General Foods USA.

Ronald Frasch

 Mr. Ronald L. Frasch serves as President and Chief Merchandising Officer of Saks Inc., since February 2007. Mr. Frasch joined SFA in January 2004, served in a non-executive capacity through November 2004, and held the post of Vice Chairman and Chief Merchant of SFA from November 2004 until January 2007. Prior to joining, he served as Chairman and Chief Executive Officer of Neiman Marcus Group’s Bergdorf Goodman from April 2000 until January 2004. Prior to that, he held merchandising and executive posts with other companies including GFT USA, Escada USA, Neiman Marcus, and SFA.

Kevin Wills

 Mr. Kevin G. Wills serves as Chief Financial Officer, Executive Vice President of the Saks Inc. Mr. Wills joined the Company in September 1997 and has served in the following capacities: Vice President of Financial Reporting from September 1997 to August 1998; Senior Vice President of Strategic Planning from September 1998 to August 1999; Senior Vice President of Planning and Administration of Saks Department Store Group from September 1999 to January 2003; Executive Vice President of Operations for Parisian from February 2003 to May 2005; and Executive Vice President of Finance and Chief Accounting Officer from May 2005 until May 2007. Prior to joining the Company, Mr. Wills was Vice President and Controller for the Tennessee Valley Authority and before that, he was an audit manager with Coopers and Lybrand (now PricewaterhouseCoopers LLP).

Michael Burgess

 Mr. Michael J. Burgess is President of Saks Direct, a subsidiary of Saks Inc., since May 2012. Mr. Burgess served as Executive Vice President of the Consumer Division of FTD at United Online from 2008 until April 2012 where he led merchandising, marketing, consumer information technology, and several other functions of the FTD North America business segment. Mr. Burgess held the post of Vice President and General Manager, Internet Business, of Teleflora LLC between 2006 and 2008. Prior to that, he held various executive positions with Better Life Media, Inc., Selby Venture Partners, ForRetail, and Crossworlds Software, Inc. He began his business career at McKinsey & Company, where he led and served on teams providing strategic management services to several Global 500 companies in a variety of industries.

Michael Rodgers

 Mr. Michael Rodgers serves as Executive Vice President, Chief Information and Operations Officer of Saks Inc., since February 2008. Mr. Rodgers joined McRae’s, Inc. in 1993 as Director of Credit. He was promoted to Vice President of Credit in 1996 and to Senior Vice President of Credit in 1997, a position he held until 2002. Mr. Rodgers served as Executive Vice President of Operations from 2002 until April 2007. Mr. Rodgers served as Executive Vice President of Information Technology, Operations and Credit from May 2007 through January 2008. Prior to joining the Company, he held credit management positions with Boscov’s and Woodward & Lothrop.

Michael Brizel

 Mr. Michael A. Brizel serves as Executive Vice President and General Counsel of Saks Inc., since May 2007. Mr. Brizel joined the Company in April 2007 and was named to the post of Executive Vice President and General Counsel in May 2007. Mr. Brizel served in a variety of positions of increasing responsibility with The Reader’s Digest Association, Inc. between 1989 and April 2007, including Senior Vice President and General Counsel, a position he assumed in 2002. Mr. Brizel was a member of the legal department of General Foods Corporation from 1983 to 1989 and an associate with the New York law firm of Summit, Rovins and Feldesman (and its predecessors) from 1980 to 1983.

Christine Morena

 Ms. Christine A. Morena serves as Executive Vice President - Human Resources of Saks Inc., since January 2007. Ms. Morena spent her career from 1976 through 2006 with AT&T Inc., where she held various positions of increasing responsibility, including Senior Vice President of Human Resources for AT&T Corporation, a subsidiary of AT&T Inc., a position she held from 2002 through 2006.

Jennifer de Winter

 Ms. Jennifer S. de Winter serves as Executive Vice President - Stores of Saks Inc., since June 16, 2008. She joined Saks Fifth Avenue in 1995 and held various merchandising positions of increasing responsibility, including the post of Group Senior Vice President and General Merchandise Manager of Fashion and Jewelry, Watches, Women’s Shoes, Handbags, and Soft Accessories from May 2001 until June 2008. Ms. de Winter began her retail career in 1983 at Macy’s, where she held various merchandising positions through 1995 including Vice President, Divisional Merchandise Manager.

Denise Incandela

 Ms. Denise Incandela serves as Executive Vice President of Saks Inc., and President of Saks Direct, a subsidiary of Saks Inc., and Chief Marketing Officer of Saks Fifth Avenue, a subsidiary of Saks Inc. After serving in the retail practice and as a consultant to Saks for five years while at McKinsey & Company, Ms. Incandela joined Saks Incorporated in 1999 to spearhead the development of the Saks Direct business for Saks Fifth Avenue. In 2002, she was named Senior Vice President of Business Development and Saks Direct, and in February 2007, she was promoted to President, Saks Direct and Group Senior Vice President of the Company. Ms. Incandela began her career as the Assistant to the Chief Financial Officer at Shearson Lehman Brothers.

Robert Wallstrom

 Mr. Robert T. Wallstrom serves as Executive Vice President of Saks Inc., and President of OFF 5TH, a subsidiary of Saks Inc. Mr. Wallstrom joined the Company in June 1995 and has held various leadership positions since that time, including Senior Vice President and General Manager of the SFA flagship store in New York City between May 2002 and January 2007. He served as President, OFF 5TH and Group Senior Vice President of the Company from February 2007 through May 2010. Prior to joining the Company, he was a store manager for Macy’s/Bullocks.

Donald Hess

 Mr. Donald E. Hess is Lead Independent Director of Saks Inc. He is Chief Executive Officer of Southwood Partners, a private investment company, since January 1998. Mr. Hess served as Chairman Emeritus of Parisian from January 1998 until October 2006, Chairman of the Parisian Group of the Company from April 1997 until his retirement in December 1997 and President and Chief Executive Officer of Parisian, Inc. from 1986 to April 1997. Mr. Hess has not held any other public company directorships within the last five years. Mr. Hess held several positions of increasing responsibility with Parisian over 30 years, including President and Chief Executive Officer. He was instrumental in establishing and executing an expansion strategy for Parisian, elevating its reputation and standing in the retail community, and negotiating its sale to Proffitt’s in 1996.

Fabiola Arredondo de Vara

 Ms. Fabiola Arredondo de Vara has been appointed as Independent Director of Saks Inc., effective July 26, 2012. Ms. Arredondo has nearly 25 years of exceptional strategic and operational experience in the internet and media sectors, as well as board directorship experience. She is currently the Managing Partner of Siempre Holdings, a Greenwich, Connecticut based private investment firm she founded in 2001. She serves on the Boards of Experian plc and Rodale Inc. and has been named to the Board of Tesco plc effective February 2013. She is also presently a Board Trustee of Sesame Workshop and the Co-Chair of the National Council of the World Wildlife Fund. Ms. Arredondo previously served as a Board Director of the BOC Group plc, Bankinter S.A., Intelsat Corporation, and the World Wildlife Fund in both the U.K. and U.S. From 1997 to 2001, Ms. Arredondo was the Managing Director of Yahoo! Europe. During her time there she was featured on Fortune Europe's "Most Powerful Women's" list, and after leaving Yahoo! she was selected by an independent jury in 2001 to top the "Most Influential Women in European Business" list for the Wall Street Journal Europe. Ms. Arredondo joined Yahoo! from British Broadcasting Corporation (BBC) Worldwide. She was a member of BBC Worldwide's Executive Board and was also an executive Director of its ECM (European Channel Management) Board which oversaw the BBC World and BBC Prime television channels in Europe. Before joining the BBC, Ms. Arredondo was at BMG Entertainment, the entertainment division of Bertelsmann A.G., where she was the Director of Strategic Planning and then the Regional Vice President of International A&R (Artists and Repertoire) and Marketing for Spain, Portugal and Latin America. Ms. Arredondo is bilingual in English and Spanish and earned a Bachelor of Arts with distinction from Stanford University and an MBA from Harvard Business School.

Robert Carter

 Mr. Robert B. Carter is Independent Director of Saks Inc. He has been Executive Vice President and Chief Information Officer of FedEx Corporation, an international provider of transportation, information, international trade support and supply chain services, since 2000. Mr. Carter serves on the board of directors of First Horizon National Corporation. Mr. Carter has nearly 30 years of systems development and implementation experience. As a member of the five-person executive committee at FedEx, he plays a key role in planning and executing the corporation’s strategic business activities. Mr. Carter is responsible for managing a group of technology professionals, setting technology direction and overseeing FedEx’s key applications and technology infrastructure. He has been honored with numerous professional awards including being named a member of Fortune magazine’s “C-Suite Dream Team Starting Line-up at CIO” (2011); #18 on Fast Company magazine’s “100 Most Creative People in Business” (2010); Information Week Chief of the Year Award (2000, 2001, 2005); CIO magazine’s 100 Award (2000, 2001, 2002, 2003, 2004, 2006); and InfoWorld Chief Technology Officer of the Year (2000).

Michael Gross

 Mr. Michael S. Gross is Independent Director of Saks Inc. Since March 2007, Mr. Gross has served as the Chairman and Chief Executive Officer of Solar Capital, Ltd., a finance company focusing on debt and equity investments in leveraged companies. Mr. Gross was co-chairman of the investment committee of Magnetar Financial LLC, an investment management firm, and a senior partner in Magnetar Capital Partners LP, the holding company for Magnetar Financial LLC, from July 2006 to April 2009. Mr. Gross was the Chairman, Chief Executive Officer and Secretary of Marathon Acquisition Corp. from April 2006 to August 2008. Between February 2004 and February 2006, Mr. Gross was the President and Chief Executive Officer of Apollo Investment Corporation, a publicly traded business development company that he founded and on whose board of directors and investment committee he served as Chairman from February 2004 to July 2006, and was the managing partner of Apollo Investment Corporation. From 1990 to February 2006, Mr. Gross was a senior partner at Apollo Management LP, a private equity firm that he co-founded in 1990. In addition, from 2003 to February 2006, Mr. Gross was the managing partner of Apollo Distressed Investment Fund, an investment fund that he founded. He serves on the boards of directors of Jarden Corporation and Global Ship Lease, Inc. Mr. Gross also served as a director of Alternative Asset Management Acquisition Corporation and United Rentals within the last five years. Mr. Gross has more than 20 years of leadership experience through the management of various investment funds and companies and through his service on several public company boards. As a founding partner of Apollo Investment Corporation, he was instrumental in setting its strategic direction and attaining its substantial growth. Through his investment company and board affiliations, Mr. Gross has assisted several companies in addressing key financial and operational issues.

Marguerite Kondracke

 Ms. Marguerite W. Kondracke is Independent Director of Saks Inc. Since October 2004, President and Chief Executive Officer of America’s Promise Alliance, a not-for-profit children’s advocacy organization founded in 1997 by General Colin Powell. Ms. Kondracke has announced her planned retirement from her position as Chief Executive Officer of America’s Promise Alliance effective May 15, 2012 at which time she will assume the role of Senior Advisor to the organization. Ms. Kondracke was employed as Staff Director, U.S. Senate Subcommittee on Children and Families between April 2003 and September 2004 and as President and Chief Executive Officer of The Brown Schools, the provider of treatment services for troubled adolescents, from August 2000 to April 2003. Ms. Kondracke is co-founder, former Chief Executive Officer, and currently a board member of Bright Horizons Family Solutions, a corporate child-care provider. She is also a Trustee of Duke University and serves on the boards of directors of LifePoint Hospitals, Inc. and Rosetta Stone Inc. Ms. Kondracke has not held any other public company directorships within the last five years. During her 40-year career, Ms. Kondracke has been both an entrepreneur and a public servant, addressing issues and challenges in society and devising and implementing creative and effective solutions.

Jerry Levin

 Mr. Jerry W. Levin is Independent Director of Saks Inc. He has been Chairman and Chief Executive Officer of Wilton Brands Inc., a consumer products company, since October 2009. Chairman of JW Levin Partners LLC, a management service firm, since February 2005. Mr. Levin served as Vice Chairman of Clinton Group, an investment firm, from December 2007 through October 2008, and as Chairman, President, and Chief Executive Officer of American Household, Inc., a global provider of branded consumer products and the holding company for Sunbeam Products and The Coleman Company, from June 1998 through January 2005. Mr. Levin also served as interim Chief Executive Officer, from September 2006 to April 2007, and as Chairman, from September 2006 to April 2008, of The Sharper Image, a specialty retailer. Previously, Mr. Levin held a number of senior executive positions with The Pillsbury Company and Revlon, Inc. Mr. Levin serves on the boards of directors of Ecolab, Inc. and U.S. Bancorp. Mr. Levin also served as a director of The Sharper Image and Wendy’s Inc. within the last five years. Mr. Levin has more than 30 years of public company operating and leadership experience, particularly as Chairman and/or Chief Executive Officer of Wilton Brands, Coleman, Revlon and American Household. At each of these companies, he was instrumental in setting and executing business strategies. Under his leadership, the sales and profits of many of those companies grew via internal product development programs, restructurings, cost reduction programs, acquisitions and cultural improvements, and he has assisted several companies in addressing key financial and operational issues. Mr. Levin has also served on numerous public company boards.

Nora McAniff

 Ms. Nora P. McAniff is Independent Director of Saks Inc. Ms. McAniff has been member of the Executive and Reinvestment Committee of Social Venture Partners of Santa Barbara, a non-profit organization, since 2009. Ms. McAniff held the position of Chief Operating Officer of Time, Inc., a magazine publisher, from December 2005 until January 2007 and served as Executive Vice President of Time, Inc. between September 2002 and December 2005. She served as Group President of the People Magazine Group of Time, Inc. between January 2001 and August 2002 and President of People Magazine between October 1998 and January 2001. Ms. McAniff has not held any other public company directorships within the last five years. Ms. McAniff is a seasoned and proven executive, having held various positions of increasing responsibility with Time, Inc. during her 25 year tenure. In her role as Chief Operating Officer of Time, she was responsible for setting and executing strategic initiatives for several core magazines and overseeing the operations of each. She managed complex businesses through several economic downturns and created and/or adapted brands to meet the needs of changing environments.

Jack Stahl

 Mr. Jack L. Stahl has been appointed as Independent Director of Saks Incorporated effective January 16, 2012. He also will serve on the Audit Committee of the Company’s Board of Directors. Mr. Stahl is Member of the U.S. Board of Advisors for CVC Capital Partners, a private equity firm, since January 2010. Mr. Stahl served as President and Chief Executive Officer of Revlon, Inc., a cosmetics and personal products business, from February 2002 until September 2006. Between 1979 and 2001, Mr. Stahl served in various capacities of increasing responsibility with The Coca-Cola Company, the world’s largest beverage company, including Senior Vice President and Chief Financial Officer; Executive Vice President and Group President, Americas; and President and Chief Operating Officer. Mr. Stahl serves on the boards of directors of Dr Pepper Snapple Group, Delhaize Group and privately-owned Coty, Inc. and previously served as a director of Schering-Plough Corporation within the last five years. He also currently serves on the Board of Governors for the Boys & Girls Clubs of America and on the Board of Directors for the United Negro College Fund. He began his career at Arthur Andersen after earning a Bachelor of Arts in Economics from Emory University and his MBA from the Wharton School of the University of Pennsylvania. Mr. Stahl also is the author of a book entitled, Lessons of Leadership: The 7 Fundamental Management Skills for Leaders at All Levels. Mr. Stahl also serves on the Boards of Directors of Dr Pepper Snapple Group, Inc. (NYSE: DPS), privately-owned fragrance and beauty products company Coty, Inc., and Delhaize Group, a Belgium-based food retailer.

Julia Bentley

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