Venator CEO Resigns to Join Williams-Sonoma
Venator
(Z)
named Matthew D. Serra president and chief executive, effective March 4, after Dale W. Hilpert resigned to join housewares retailer
Williams-Sonoma
(WSM)
.
Serra is currently president and chief operating officer. J. Carter Bacot, a board member since 1993, will serve as nonexecutive chairman. Hilpert will resign from his positions as chairman and CEO on March 3, according to Venator, which is based in New York.
At Williams-Sonoma, Hilpert will replace Howard Lester, who will continue indefinitely as chairman. Lester will remain involved with the San Francisco-based company's daily operations until the end of 2001. Hilpert's appointment is effective April 2.
TheStreet Recommends
Shares of Venator, which owns
Foot Locker
,
Lady Foot Locker
and
Champs Sports
, closed at $12.04 on the
New York Stock Exchange
today, up 14 cents, or 1.2%. Williams-Sonoma gained 28 cents, or 1.1%, to $24.90.
