|
|
Article: KIMMEL RELINQUISHES CEO TITLE AT JONES, NEMEROV RESIGNS.(Sidney Kimmel; Jones Apparel Group Inc.; Jackwyn Nemerov)(;)
- Article from:
- WWD
- Article date:
- March 12, 2002
- Author:
CopyrightCOPYRIGHT 2002 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
NEW YORK -- Turning the page in one of Seventh Avenue's longest success stories, Sidney Kimmel said Monday he will step down as chief executive officer of Jones Apparel Group in May, 32 years after founding the sportswear giant.
Succeeding Kimmel at the $4 billion firm will be Peter Boneparth, president and ceo of the firm's moderate division, who has been named president of the firm and will become ceo following the company's annual meeting May 22. Jackwyn Nemerov, who had been president and chief operating officer, has resigned.
But Kimmel, who will remain chairman, said he's not getting ready for retirement.
"It's very simple. I worked ...