Kmart's New CEO: "Who Is Kmart?"
On Mar. 11, bankrupt Kmart named turnaround specialist James B. Adamson as its new CEO, its fifth in seven years. A six-year veteran of Kmart's board, Adamson was elevated to the top job after being named nonexecutive board chairman two months earlier. He replaces Charles C. Conaway, whose 19-month effort to revive Kmart fell short, resulting in the largest bankruptcy filing in retailing history on Jan. 22.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.