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Footwear retailer DSW promotes & appoints key executives

20
Jan '06
Leading specialty branded footwear retailer DSW Inc announced the promotion of two key executives and named two new officers as part of an ongoing initiative to position the company for continued growth and increased profitability.

Deborah Ferree was promoted from President to Vice Chair and will continue in her role as Chief Merchandising Officer.

Ferree joined DSW in 1997 and has held several executive positions with the company.

Peter Horvath, who joined DSW in January 2005 as Executive Vice President and Chief Operating Officer, was promoted to President.

Both Ferree and Horvath have been instrumental in developing the DSW team and providing strategic direction for the successful growth of the company.

They will continue to report to Jay Schottenstein, Chief Executive Officer, and there will be no change to the composition of the Board of Directors.

Additionally, Kevin M Lonergan was named as Executive Vice President and Chief Operating Officer.

Lonergan's responsibilities will include store operations, new store planning and construction, and loss prevention.

Lonergan is a former Executive Vice President and Chief Operating Officer of Old Navy, a division of Gap Inc.

He has held executive positions at various divisions of Gap, Inc, Target, Carson Pirie Scott and, most recently, American Eagle Outfitters.

The company also named William Jordan as Vice President and General Counsel.


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