David B. Rickard to Join Board of Directors of the May Department Stores Company; Edward E. Whitacre Jr. to Resign
December 22 2004 - 11:39AM
PR Newswire (US)
David B. Rickard to Join Board of Directors of the May Department
Stores Company; Edward E. Whitacre Jr. to Resign ST. LOUIS, Dec. 22
/PRNewswire-FirstCall/ -- The May Department Stores Company
(NYSE:MAY) has announced that David B. Rickard will join its board
of directors effective January 1, 2005. Mr. Rickard is executive
vice president, chief financial officer and chief administrative
officer of CVS Corporation, the largest retail pharmacy in the
nation. May also announced that Edward E. Whitacre Jr., 63,
chairman and chief executive officer of SBC Corporation, has
resigned from the board effective Dec. 31, 2004. Gene S. Kahn,
May's chairman and chief executive officer, said, "We are very
pleased to welcome Dave Rickard to our board. He brings extensive
financial and reporting expertise as well as overall top management
experience, which he gained at some of the leading and most
successful businesses operating today. We are fortunate to have an
executive of his caliber and look forward to the insights and
perspectives he will offer to our board." Mr. Kahn continued, "We
sincerely regret that Ed Whitacre has chosen to resign from the
board of directors. He has been a wise counselor, insightful
advisor, and committed leader during his more than 15 years of
service on our board. His fellow directors and all those at May who
worked with him will truly miss him." Mr. Rickard, 57, assumed his
current position at CVS Corporation in September 1999. Prior to
that, he served as senior vice president and chief financial
officer of RJR Nabisco Holdings Corporation from March 1997 to
August 1999. Mr. Rickard has also served in various executive
financial positions at Grand Metropolitan PLC, Kraft Foods Inc. and
S.C. Johnson & Son Inc. Mr. Rickard serves on the board of
Harris Corporation, is a member of the steering committee of the
Financial Accounting Standards Advisory Council, and is a member of
the Worldwide Retail Exchange. Mr. Rickard received a B.S. degree
in social psychology in 1969 from Cornell University and an M.B.A.
in Finance in 1971 from Harvard University. The May Department
Stores Company currently operates 501 department stores under the
names of Famous-Barr, Filene's, Foley's, Hecht's, Kaufmann's, Lord
& Taylor, L.S. Ayres, Marshall Field's, Meier & Frank,
Robinsons-May, Strawbridge's, and The Jones Store, as well as 238
David's Bridal stores, 459 After Hours Formalwear stores, and 11
Priscilla of Boston stores in its Bridal Group. May operates in 46
states, the District of Columbia, and Puerto Rico. For more
information, contact Sharon Bateman on (314) 342-6494. Note to
Editors: To source a photograph of David B. Rickard, please see
http://www2.mayco.com/common/releases/12222004_photos.html
DATASOURCE: The May Department Stores Company CONTACT: Sharon
Bateman, +1-314-342-6494, for The May Department Stores Company Web
site: http://www2.mayco.com/
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