Kenneth Cole Productions, Inc. Announces that Paul Blum, President, Is Leaving the Company; Kenneth Cole to Assume His Responsib
January 16 2006 - 2:59PM
PR Newswire (US)
NEW YORK, Jan. 16 /PRNewswire-FirstCall/ -- Kenneth Cole
Productions, Inc. (NYSE:KCP) announced today that Paul Blum is
resigning his position as President of the Company to pursue other
opportunities. "Paul has been an instrumental member of the
management team of Kenneth Cole Productions for the last 15 years,"
said Kenneth Cole, the Company's Chairman and Chief Executive
Officer. "He has been a great partner in developing, building and
segmenting the business and its brands. He began with the Company
when we were a small footwear business, and his contributions have
helped us grow to become the multi-brand, dual-gender,
international lifestyle business that we are today. We appreciate
Paul's dedication and commitment during his long tenure with the
Company and wish him the best in his future endeavors." Mr. Blum
joined the Company in May 1990 and had served as President since
March 2002. Mr. Cole will temporarily assume Mr. Blum's
responsibilities. He will be assisted by the Company's management
team including the new executives recently announced, Richard
Olicker and Henrik Madsen Jensen. The Company's executive
management team will report directly to Mr. Cole. "The Company has
a strong and deep executive committee, and we all remain committed
to implementing our new business and brand strategies and to
executing the goals and initiatives that are currently in place,"
added Mr. Cole. About Kenneth Cole Productions, Inc. Kenneth Cole
Productions, Inc. designs, sources, and markets a broad range of
footwear, handbags, and accessories under the brand names "Kenneth
Cole New York," "Kenneth Cole Reaction," "Unlisted, a Kenneth Cole
Production," and "Tribeca, a Kenneth Cole Production," as well as
footwear under the licensed trademark "Bongo." The Company has also
granted a wide variety of third party licenses for the production
of men's, women's and children's apparel as well as fragrances,
timepieces, eyewear, and several other accessory categories. The
Company's products are distributed through department stores,
better specialty stores, and company-owned retail stores as well as
direct-to- consumer catalogs and e-commerce. Further information
can be found at http://www.kennethcole.com/. DATASOURCE: Kenneth
Cole Productions, Inc. CONTACT: Kenneth Cole Company Contact -
Meredith Paley, VP Corporate Communications, Kenneth Cole
Productions, Inc., +1-212-830-7405; Kenneth Cole Investor Relations
Contact - James R. Palczynski, Principal, ICR, Inc.,
+1-203-222-9013 Web site: http://www.kennethcole.com/
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