Kmart Makes Branding Pro Its New Chief - Page 2 of 2
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Kmart Makes Branding Pro Its New Chief

and impacts your sales over a longer period of time than in [the fast-food] business.”

Lampert agrees: “We brought him in because he was the best person we saw for the job. We weren’t looking for someone who had had a long history of just being in the industry. We wanted someone who had a history and background of success.”

AFRICAN AMERICAN CEOs OF FORTUNE 500 COMPANIES PAST AND PRESENT
Newest CEOs
Aylwin Lewis, Kmart (since October)
Clarence Otis, Darden Restaurants(effective December)

Other Current CEOs
Franklin Raines, Fannie Mae (since 1999)
Stan O’Neal, Merrill Lynch & Co. (since 2001)
Richard Parsons, Time Warner Inc. (since 2002)
Ken Chenault, American Express Co. (since 2001)

Former CEOs
A. Barry Rand, Avis (1999–2001)
Lloyd Ward, Maytag (1999–2000)


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