Chico's Names Former SuperValu Executive Knous As Financial Chief

Date : 06/23/2011 @ 9:07AM
Source : Dow Jones News
Stock : Supervalu Inc. (SVU)
Quote : 15.03  -0.67 (-4.27%) @ 6:01PM

Chico's Names Former SuperValu Executive Knous As Financial Chief

Chicos F A S (NYSE:CHS)
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Chico's FAS Inc. (CHS) named Pamela K. Knous chief financial officer and chief accounting officer to succeed Kent A. Kleeberger, who became chief operating officer in March.

Knous, 57 years old, was chief financial officer of SuperValu Inc. (SVU) from September 1997 to July 2010. She has 20 years of retail finance experience, including chief financial officer of Vons Cos., which is now part of Safeway Inc. (SWY).

Last month, the operator of its namesake stores, as well as the Soma Intimates and White House/Black Market chains, reported its fiscal first-quarter earnings rose 30% on improved margins and same-store sales growth in all brands.

Shares closed at $14.60 and were inactive premarket. The stock has risen 34% over the past year.

-By Melodie Warner, Dow Jones Newswires; 212-416-2283; melodie.warner@dowjones.com

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