USA: Polo Ralph Lauren Appoints Global Logistics Chief
Polo Ralph Lauren Corporation (NYSE:RL) announced today that Russ LoCurto has been named senior vice president of global logistics, effective September 7, 2000. Mr LoCurto will be responsible for distribution, transportation, purchasing, telecommunications, facilities management and maintenance. In addition, Mr. LoCurto will be responsible for the development and implementation of an integrated supply chain management solution for the company. He will report to Roger Farah, president and CEO of Polo Ralph Lauren. Most recently, Mr. LoCurto served as vice president of operations for UrbanFetch.com. Prior to that he was with Bed Bath & Beyond, Inc where he held the position of director - supply chain management. Mr. LoCurto also spent 21 years at Saks Fifth Avenue where he held a number of management positions including senior vice president of operations. "I am pleased that Russ has accepted this important position with Polo to focus on our supply chain. We believe that this is a vital area of opportunity to decrease expenses and improve inventory turns. With his leadership and experience, Russ will play a key role in developing efficiencies in our supply chain to successfully service both our retail and wholesale operations," said Mr. Farah.
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