TOPEKA, Kan., March 5 /PRNewswire-FirstCall/ -- Payless ShoeSource,
Inc. (NYSE: PSS) today announced that Robert F. Moran has been elected to
its board of directors, with a term to expire in 2008. Mr. Moran has been
appointed to the audit and finance committee of the company's board of
directors.
Mr. Moran, age 56, is the President and Chief Operating Officer of
PetSmart, Inc. He joined PetSmart in July 1999 as President of North
American stores. In December of 2001, he was appointed President and Chief
Operating Officer. Mr. Moran came to PetSmart from Toys R Us, Ltd., Canada,
where he was President. Prior to that, he spent 20 years with Sears,
Roebuck and Company in a variety of financial and merchandising positions,
including President and Chief Executive Officer of Sears de Mexico. He was
also Chief Financial Officer and Executive Vice President of Galerias
Preciados of Madrid, Spain from 1991 through 1993.
"We are pleased that Bob Moran has joined the Payless ShoeSource Board
of Directors," said Matthew E. Rubel, Chief Executive Officer and President
of Payless ShoeSource, Inc. "Bob has proven operating and financial
strengths which were instrumental as part of the team that turned around
PetSmart. He has developed new avenues for growth, both domestically and
internationally, and has a clear understanding of what it takes to create a
differentiated strategy in the mass market."
With the addition of Mr. Moran, the Payless ShoeSource Board of
Directors now consists of 11 directors, including 10 independent directors.
Payless ShoeSource, Inc., the largest specialty family footwear
retailer in the western hemisphere, is dedicated to democratizing fashion
and design in footwear and accessories and inspiring fun, fashion
possibilities for the family at a great value. As of the end of the third
quarter 2006, the company operated a total of 4,574 stores. In addition to
its stores, customers can buy shoes over the Internet at
http://www.payless.com .
SOURCE Payless ShoeSource, Inc.
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http://www.prnewswire.com/comp/136152.html/ (PSS)
CONTACT:
James Grant of Payless ShoeSource,
+1-785-559-5321
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