MAY Malaysia Fund (The)

The May Department Stores Company Announces The Resignation of Gene S. Kahn ST. LOUIS, Jan. 14 /PRNewswire-FirstCall/ -- Today Gene S. Kahn announced his resignation as chairman and chief executive officer of The May Department Stores Company (NYSE:MAY). John L. Dunham, current president of May, has been named by the Board of Directors as acting chairman and chief executive officer along with his duties as president. The Board accepted Mr. Kahn's resignation, thanking him for his many years of service to May and wishing him well for the future. A search to fill the chief executive officer position will begin immediately and will include both internal and external candidates. The Board elected Russell E. Palmer as lead director. James M. Kilts, also a director, will chair the search committee. The May Department Stores Company operates department stores under the names of Famous-Barr, Filene's, Foley's, Hecht's, Kaufmann's, Lord & Taylor, L.S. Ayres, Marshall Field's, Meier & Frank, Robinsons-May, Strawbridge's, and The Jones Store, as well as David's Bridal, After Hours Formalwear, and Priscilla of Boston in its Bridal Group. May operates in 46 states, the District of Columbia, and Puerto Rico. CONTACT: Sharon Bateman, 314-342-6494 DATASOURCE: The May Department Stores Company CONTACT: Sharon Bateman of The May Department Stores Company, +1-314-342-6494

Copyright