Joseph Donnalley, senior vice president of corporate taxation and risk management at Jones Apparel Group, has taken the additional post of treasurer.

The treasurer post has been vacant since Thimio Sotos resigned as CFO and treasurer of the company in March. Wesley Card, chief operating officer of Jones, reassumed the additional post of CFO at that time.

Donnalley has been with Jones for about 12 years.

"Joe's appointment to the treasurer's position is a reflection of his excellent work and contributions over his long tenure with the company," Card said. "He will assume responsibility for treasury functions, including banking relationships, financing activities and other related special projects."

Numerous published reports have indicated that Jones is on the verge of selling its Barneys New York division to Dubai-based Istithmar, but Jones has repeatedly declined to comment on reports.
By Arnold J Karr.