JANET GROVE ADDS CEO TITLE AT FEDERATED MERCHANDISING
NEW YORK — Janet Grove, chairwoman of Federated Merchandising Group, has added the title of chief executive officer. The ceo title has been vacant since Terry Lundgren was named president of Federated Department Stores in January 1997.
Leonard Marcus, 47, will continue as president of FMG, responsible for product sourcing and logistics for private label merchandise.
Grove, 48, will supervise core vendor relations, private brand development and merchandise planning.
“Janet and Len have forged a strong, effective management team at FMG,” said Lundgren, in a statement. “We believe the unique skills that each brings to the table are essential to our efforts to explore new merchandising directions and initiatives and to strategically grow this important part of our business.”
Prior to being named FMG chairwoman in February 1998, Grove was the division’s executive vice president of ready-to-wear and center core merchandise. She joined FMG in 1996 after four years at Broadway Stores. She began her career at Macy’s West in San Francisco.
FMG also named Stuart Goldblatt senior vice-president of men’s wear, effective Jan. 3, succeeding Alan Dumain, who has left the company. He will report to Dawn Robertson, executive vice president of men’s, children’s and home for the Federated Department Stores division.
Federated Merchandising Group is responsible for the design, sourcing and marketing of private label for all Federated store divisions except Bloomingdale’s and Stern’s. The division also manages relationships with the company’s top vendors.