Hecht's names new chairman

March 20, 1991|By Michael Dresser

Thomas D. Fingleton, a 43-year-old veteran corporate finance executive, has been named to the No. 2 post at Hecht's, the department store chain's parent, May Department Stores Co., announced yesterday.

He succeeds Warren Harris, 62, who is retiring after 18 years with May. The move is effective April 1.

Mr. Fingleton, whose new title is chairman, will report to Irwin Zazulia, 49, who continues as president and chief executive officer of Hecht's. In the May department store units, contrary to the practice at most large corporations, the president is the ranking executive, said Jim Abrams, corporate spokesman for St. Louis-based May.

"The chief executive officer is primarily the merchandising side, and the chairman handles the sales support side," Mr. Abrams explained. Sales support includes such functions as finance and accounting.

Mr. Fingleton, who joined May in 1978 after eight years at the accounting firm Arthur Andersen & Co., most recently served as senior vice president and chief financial officer of Hecht's.

Washington-based Hecht's, with sales of $940 million in 1990, operates 27 stores in Maryland, Virginia and the District ofColumbia.

May is one of the largest retailers in the United States, with 324 department stores bearing such names as Lord & Taylor,Filene's and Thalheimers.

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