NEW YORK — Kmart Holdings Corp. confirmed Thursday that women’s wear merchandiser Michael A. Lewis had left the firm.
Lewis, who’d been divisional vice president of women’s wear for the Troy, Mich.-based discounter, departed the company earlier this week, a firm spokesman said. Information wasn’t available on Lewis’ background or future plans.
In separate news, a Detroit federal district court judge earlier this week pushed back the start date of the federal government’s case against two former Kmart employees, Enio Montini Jr. and Joseph Hofmeister, who were indicted on Feb. 26 on charges of securities fraud, making false statements to the Securities and Exchange Commission and conspiracy. The trial was scheduled to begin on Oct. 14, but instead will start Oct. 28.
As reported, Montini was senior vice president and general merchandise manager of Kmart’s drugstore division. Hofmeister was the vice president of merchandising within the same division. Both left the company in May 2002.
If convicted, the two each face maximum prison terms of 10 years on the securities fraud charge, as well as $1 million fines for the offense. The false statements and conspiracy charges carry lesser penalties of up to five years in prison and a fine of $250,000 each.
Government lawyers declined comment on the case.
Although the government’s investigation is ongoing, Kmart is not a party to the Feb. 26 indictment. A Kmart spokesman said, “We continue to fully cooperate with all government investigations into the company.”
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