Fenaroli, Most Recently at Sears, Begins at Payless in April
TOPEKA, Kan., April 30 /PRNewswire-FirstCall/ -- Payless ShoeSource
(NYSE: PSS) announced today that it has hired Paul Fenaroli to serve as
division senior vice president of corporate strategy, reporting to Matt
Rubel, chief executive officer and president, Payless.
As division senior vice president of corporate strategy, Fenaroli
serves as an advisor to Rubel and as a key member of the Payless leadership
team responsible for planning, developing and managing the long-term
strategic planning for the company. John Smith, who previously served as
vice president, corporate strategy has been promoted to division senior
vice president in charge of store development.
"We are thrilled to have such a talented business strategist like Paul
join our Payless team," said Rubel. "He has strong experience in retail,
having served most recently as head of new store development at Sears, as
well as a rich consulting background with nearly a decade of experience at
The Boston Consulting Group, where he focused on driving topline growth and
managing organizational change among the firm's client base. We look
forward to Paul joining our leadership team in this important role and to
his contributions to our new business strategy."
From 2004 to present, Fenaroli served as vice president, strategy and
new store development for Sears, Roebuck and Co. and from 1993 to 2002, he
served as vice president with The Boston Consulting Group. Fenaroli started
his career in 1978 at Ernst & Young where he worked for 13 years, first as
a staff auditor, and in 1982 moving to the E&Y Consulting Division of the
Strategic Services Group where he was promoted several times to roles of
increasing responsibility and finally served as a senior manager. He holds
a Bachelor of Science, Business and Economics degree from Lehigh University
and a Master of Business Administration with Distinction, in Strategic
Management and Finance from the Wharton School of the University of
Pennsylvania, where he was a Russell Palmer Scholar.
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 fourth
quarter 2006, the company operated a total of 4,572 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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Related links:
http://www.payless.com
CONTACT:
Media, Mardi Larson, +1-612-928-0202,
mardilarson@aol.com, for Payless ShoeSource
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