AT KELLWOOD, JACOBSEN BECOMES VICE CHAIRMAN, UPBIN PRESIDENT

ST. LOUIS — James J. Jacobsen has been named vice chairman of Kellwood Co. and Hal J. Upbin becomes president and chief operating officer.
The appointments were announced Tuesday by William J. McKenna, who continues as chairman and chief executive officer and had held the title of president. McKenna described Jacobsen and Upbin as “time-tested veterans” who have been part of Kellwood’s strategic plan “and can carry it through the next decade.” McKenna, 67, became president in 1982 and has been ceo since 1984, adding the post of chairman in 1991.
Jacobsen, 57, started with Kellwood in 1975 as vice president-finance and treasurer and most recently was executive vice president administration. In his new post, he continues as chief financial officer.
Upbin, 55, started with the firm in 1998 as president of its American Recreation Products subsidiary and continues as its chairman. He most recently was executive vice president, corporate development, and in his new post will be responsible for all 16 domestic operating units. Both Jacobsen and Upbin report to McKenna.
Kellwood also reported earnings rose 2.8 percent in the second quarter ended Oct. 31. to $11.1 million, or 53 cents a share, as sales gained 9.9 percent to $376 million. In the six months, earnings rose 5.9 percent to $21.8 million, or $1.04 a share, with sales up 5.7 percent to $677 million.

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