The appointment of a new chairman and CEO at Footstar, Inc. has led to a number of changes in the executive team. Stephen R. Wilson, EVP/CFO of Footstar, will become EVP – Chief Administrative Officer reporting directly to the new CEO, Dale Hilpert. The Chief Financial Officer position will remain open and the Company has no current plans to fill this position.
As previously announced, the Company named Richard Robbins as SVP of Financial Reporting and Control. Mr. Robbins is responsible for the Company's accounting and financial reporting functions, and he will also report directly to Mr. Hilpert. Former interim CEO Neele Stearns, in his his new position as Vice Chairman, will assist the Audit Committee of the Board in matters relating to the restatement of the Company's financial results for fiscal years 1997 through the first half of fiscal year 2002.
