NEW YORK — Julian Day, Kmart’s president and chief executive, has added the responsibilities of chief merchant, at least temporarily.
William Underwood, executive vice president, sourcing and global operations, resigned from the company on Tuesday. As reported, he functioned as the company’s chief merchant throughout most of the discounter’s stay in bankruptcy court. When Kmart exited Chapter 11 on May 6, Underwood was still acting as the merchandise manager even though Day had said he hoped to have a chief merchant in place by the time Kmart exited bankruptcy.
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