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Kmart Announces Executive Change

Kmart Corporation on Monday announced the appointment of Randy Allen, 55, to executive vice president, strategic initiatives and chief diversity officer, effective immediately. In this position, Allen will report directly to chairman and CEO, Charles C. Conaway.

Allen will be responsible for supporting corporate initiatives tied to the company's key strategic imperatives, including the integration of into Kmart Corporation, management of the food distribution agreement with Fleming Companies Inc. and the company's multi-cultural activities.

Allen most recently served as Kmart Corporation's executive vice president, chief planning and information officer. The company currently is searching for a chief information officer to replace Allen.

Allen joined Kmart in 2000 from Deloitte Consulting in Parsippany, New Jersey, where she was the company's first female Partner. She is on the Park Fellow Advisory Council and the Business Advisory Board at the Cornell University Johnson School and is a founding member of the President's Council of
Cornell Women. Allen also is on the Board of Overseers of the New Jersey Institute of Technology.

"In this new position, Randy will create momentum around our key corporate initiatives and ensure we remain focused on implementing programs that are in line with our strategic objectives," said Conaway. "She will work closely with the Human Resources, Store Operations and Strategic Implementation teams to help Kmart remain on the path to becoming a world-class retailer. In her role as chief diversity officer, Randy will help Kmart build energy around diversity among the company's key constituents including customers, brand partners, communities and associates."
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