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Blair's Zawacki decides to retire & resign from the Board

Dec '06
Blair Corporation said that it's President and Chief Executive Officer John Zawacki has announced his decision to retire from the Company and to resign from the Board on April 1, 2007. Zawacki, who has served as Blair President and CEO since December, 1999, informed the Company's Board of Directors of his decision during a regularly scheduled meeting Thursday.

In response to Zawacki's decision, Craig Johnson, Chairman of the Blair Corporation Board of Directors, announced that the board was establishing a transition committee to assist the full board in the selection of Zawacki's successor.

Johnson also announced that Blair's Chief Operating Officer and Chief Financial Officer Adelmo S. Lopez has been appointed to the position of executive vice president. As executive vice president, Lopez will continue to report to Zawacki but will be directly responsible for all operations within the Company.

In announcing Zawacki's pending retirement, Johnson observed, "John has led Blair with the strength, dedication and passion needed to effectively take the Company through one of the most intense periods of change in its history. The transformations he set in motion are now nearly complete. We all owe him a debt of gratitude for his tireless commitment in positioning Blair for the future and for his 35 years of loyalty and dedicated service to the Company."

Zawacki joined Blair, then the New Process Company, in 1972 and spent 28 years holding increasingly responsible positions in its Womenwear Department. He has served on the Company's Board of Directors for the past 19 years and has been President and Chief Executive Officer for the past seven years.

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