SARA LEE MAKES MOVES: Gerald Evans has been appointed president and chief executive officer of the Sara Lee Sportswear & Underwear unit of Sara Lee Branded Apparel. He reports to Cary McMillan, ceo of Sara Lee Branded Apparel. A vice president of parent Sara Lee Corp., Evans most recently served as president and ceo of Sara Lee Sportswear. He now assumes additional responsibility for the underwear and socks divisions from Linda Woltz, who left the company to pursue other interests. Evans also will continue to have responsibility for the development of the company’s Asian business. Steve Lineberger, formerly president of Sara Lee Underwear, has been named president and ceo of Sara Lee Underwear & Socks, reporting to Evans. Gabriel Bottazzi, president and ceo of Sara Lee Sock Co., will report to Lineberger.
HOLD THE GRAMOPHONE: Nicole Miller has been tapped as the “official designer” of the Grammy Awards on Sunday and is kicking off the festivities with a party in her showroom tonight for Faith Evans, who is nominated for best R&B album. Miller, who is co-hosting the event with Honey Magazine, created a special Grammy print featuring the outline of a Grammy statuette for scarves, ties and boxer shorts that will be sold at grammyawards.com. Among those expected to attend the kickoff are Usher, T Boz, Denise Rich, Gabrielle Union and ‘NSync’s Lance Bass.
GETTING EXERCISE: Abercrombie & Fitch Co. chief executive officer Michael Jeffries has been buying and selling a lot of stock lately. According to filings with the Securities and Exchange Commission, on Feb. 14 Jeffries exercised an option to purchase 91,122 common shares at $26.98 a share for a total value of $2.5 million. On Wednesday and Thursday, in a series of transactions, Jeffries disposed of 102,500 shares at prices ranging from $29 to $29.65 a share, for a total value of $3.7 million. Jeffries now owns 1,241,190 shares directly and another 800 indirectly as a custodian.
This story first appeared in the February 21, 2003 issue of WWD. Subscribe Today.