KARAN TAPS SHAY FOR SENIOR EXEC VP

NEW YORK — Donna Karan International Inc. has named Dewey K. Shay senior executive vice president and chief administrative officer, a new post.
Most recently, Shay, 38, was a principal in the corporate finance department of Morgan Stanley & Co. He was a member of the department since 1990, working with consumer-oriented companies in the apparel, retail and food industries. From 1986 to 1990, he was in Morgan Stanley’s mergers and acquisitions department.
Shay reports to Stephen L. Ruzow, president and chief operating officer of Karan. The corporate departments that will report to Shay are strategic planning, finance, investor relations, licensing and legal and human resources.
Karan said Shay will be nominated as a director at the next board meeting. His appointment would increase the size of the board to six members.

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