KMART’S VICE CHAIR BOZIC TO RETIRE OCT. 31
TROY, Mich. — Kmart Corp.’s vice chairman, Michael Bozic, is retiring Oct. 31, and his responsibilities will be dispersed among four executive vice presidents, the company said Wednesday.
Kmart has been undergoing a management reorganization under its new chairman and chief executive, Chuck Conaway, a 39-year-old former drug store executive who joined Kmart last June, succeeding Floyd Hall. The 59-year-old Bozic was at one time considered a contender for the top job.
Bozic, a 37-year retail veteran, has held high-level posts at mass retailers. He spent most of his career at Sears Roebuck & Co., where he rose to chairman and ceo of the merchandise group. For four years after leaving Sears in 1991, he was president and ceo of Hills Department Stores, and from 1995 until joining Kmart in December 1998, he was chairman and ceo of Levitz Furniture Corp.
Conaway credited Bozic with developing cross-functional solutions to improve the supply chain and flow of goods and developing a systematic approach to fixing the infrastructure and upgrading technology. Kmart in the Nineties lost market share to more nimble competitors Target and Wal-Mart, both said to have better systems for managing and delivering goods to the stores and tracking sales.
Bozic joined Kmart with responsibility for finance, technology, distribution, construction, facilities management and supply procurement, legal and E-commerce.
His duties will be dispersed among the following executive vice presidents: chief financial officer Martin E. Welch will now report directly to Conaway and handle supply procurement and all financial matters; Randy Allen, chief information officer and supervisor of strategic planning, will become the lead executive for BlueLight.com; David Rots, human resources and administration, will oversee the legal department, and Mark Schwartz, store operations, will handle facilities management and construction.
In other key changes at Kmart this week, Anthony D’Onofrio, formerly with Michael’s Stores, was named executive vice president and chief supply chain officer to oversee merchandise flow, distribution and logistics. He reports to Andy Giancamilli, president and chief operating officer.
Also, Michael Frank joined as vice president and general merchandise manager for Super Kmart, with responsibility for all grocery buying functions for the 107-unit supercenter chain.
Mariana Keros was named divisional vice president of trend and product development. She was with Dayton Hudson Department Stores and The Limited.