NEW CFO FOR JONES DENIM: Tami Fersko has been named chief financial officer of Jones Apparel Group’s denim-based collection business. She oversees the financial business for the denim-based collections, comprising Polo Jeans Co., LEI and Sun Apparel. Fersko joined Jones in 1998 when it acquired Sun Apparel, where she most recently was senior vice president of operations and finance. In another move, the company promoted Joe Kaelin to controller. He reports to Fersko. Kaelin most recently served as accounting manager for the Sun division.

FIELDS 2 FACTORY: Factory 2-U Stores Inc. has named William Fields chairman and chief executive officer. He succeeds Mike Searles, who has held the president and ceo positions since March 1998 and the chairmanship since November of that year. Fields, 53, has an extensive background that includes serving as president and ceo of Wal-Mart Stores Inc. from 1993 to 1996, and most recently, serving as chairman and ceo of Blockbuster Entertainment Group from 1996 to 1997. Having originally joined Wal-Mart in 1971 as an assistant store manager, Fields held various management positions for 24 years, culminating in his stewardship of the company. During his tenure, Fields oversaw more than 2,000 stores and 600,000 employees while growing Wal-Mart to more than $70 billion in sales from $40 million. Fields’ other experience includes the positions of president and ceo of the Hudson’s Bay Company from 1997 to 1999, as well as chairman and chief executive officer of Apec China Asset Management Ltd. from 1999 until October 2002.

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