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Non-Tech : Stride Rite (SRR) Children's Shoes, Keds -- Ignore unavailable to you. Want to Upgrade?

To: lunar2 who wrote (97)	7/8/1999 7:48:00 PM
From: Carey Thompson	Respond to of 100

Stride Rite Chairman Resigns biz.yahoo.com Thursday July 8, 4:26 pm Eastern Time LEXINGTON, Mass. (AP) -- After just six months on the job, the chairman and chief executive officer of the Stride Rite Corp. resigned Thursday. ''While I disagree with the board about the direction of change in the company, as a shareholder, I wish Stride Rite only the best in the future,'' James A. Eskridge said in a prepared statement released by the company. Eskridge had been named the footwear maker's chief in November. Stride Rite officials denied any directional change at the footwear company, best known for its Keds sneakers. ''We've basically been on a track to grow the brands that we own,'' including Sperry Top-Sider, Tommy Hilfiger and Nine West Kids, said John Kelliher, the company's chief financial officer. Kelliher declined to say if the departure was amiable. Eskridge came to the company from Mattel Inc. (NYSE:MAT - news), where he held a number of managerial positions. While Stride Rite searches for a new CEO, Myles J. Slosberg, whose grandfather started the business in 1918, will be the company's interim head. Slosberg has been a member of Stride Rite's board since the early 1960s and ran various divisions until his retirement in the mid-1980s, when he began a second career as a lawyer. Diane M. Sullivan, who headed up the children's business for several years, has been elected as company president and chief operating officer. Joanna M. Jacobson, who just last month resigned in order to spend more time with her young children, will stay on an interim basis as vice chairman during the transition periods. Jacobson, who joined Keds in 1996 to boost the then-struggling label, plans to serve as a consultant once the transitions are complete. Shares of Stride Rite fell $1.87 1/2, or 18 percent, to $8.56 1/4 in trading on the New York Stock Exchange. Copyright © 1999 The Associated Press