WOOLWORTH SAID TO EYE ROGER FARAH
Byline: David Moin
NEW YORK — Roger Farah, former R.H. Macy & Co. president who has been exploring many career options this fall, is now a candidate to run Woolworth Corp., sources said last week.
Woolworth’s is seeking a new chairman and chief executive officer and has been considering a number of high-profile executives. The list is said to be down to just a few individuals and a final decision is expected around Thanksgiving. William Lavin, vice chairman and chief executive officer, left last month in the wake of an accounting scandal, and John W. Adams, a director, was named interim ceo. Herbert Mines Associates is conducting the search and had no comment.
Reached at home Sunday, Farah said he couldn’t comment on any jobs he may be considering.
Farah’s job search has reportedly led him to more upscale businesses, where most of his experience lies. Rumors have placed him anywhere from a top position at Ralph Lauren to Saks Fifth Avenue, or possibly leading a buyout of a major chain.
He is known for his skills as a manager and merchant and his ability to attract talent. His retail background includes stints at Saks, where he rose to senior vice president; Federated Department Stores, where he ran the Rich’s division and Federated Merchandising, and Macy’s, where he was president for just three months.