Payless ShoeSource to appoint Matthew E. Rubel as CEO

27 May '05

5 min read

mr. rubel said, "i am extraordinarily excited to have the opportunity to continue to build on the strong foundation established by steven and his team. as the largest specialty family footwear retailer in the western hemisphere, payless shoesource is a unique and powerful platform. i look forward to working with the team to build growth strategies and initiatives that leverage the company's outstanding strengths in sourcing and distribution. we will focus on building even stronger connections with the consumer by creating emotionally enticing product, brand communications and point of sale. the company's focus on its core business, and continued strong execution of its merchandise authority strategy, are powerful pillars we will build upon to
create long-term value."

"matt and his entire team have done an outstanding job of managing cole haan over the past six-and-a-half years," said nike founder and chairman philip h. knight. "matt leaves cole haan a more vibrant and energized business with a very strong future. we wish matt all the best and thank him for his leadership and many contributions to our organization."

prior to joining cole haan, mr. rubel was executive vice president, j. crew group and ceo of popular club plan from 1994 to 1999, and in november 1998, led the sale of popular from j. crew to fingerhut. while at j. crew group, mr. rubel was responsible for all licensing and international activities, as well as brand marketing nd international activities, as well as brand marketing and served on its group executive committee. mr. rubel has also served as president and ceo of pepe jeans usa and president of the specialty division of revlon. mr. rubel has a bachelor of science degree from ohio university and an mba from the university of miami (florida).

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