Saks Fifth Avenue 2010 Annual Report Download - page 14

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Christine A. Morena joined the Company in January 2007 as Executive Vice President of Human
Resources. Ms. Morena spent her career from 1976 through 2006 with AT&T Inc., where she held various
positions of increasing responsibility, including Senior Vice President of Human Resources for AT&T
Corporation, a subsidiary of AT&T Inc., a position she held from 2002 through 2006.
Michael Rodgers was named Executive Vice President and Chief Information and Operations Officer for the
Company in February 2008. Mr. Rodgers joined McRae’s, Inc. (acquired by the Company in 1994) in 1993 as
Director of Credit. He was promoted to Vice President of Credit for the Company in 1996 and to Senior Vice
President of Credit in 1997, a position he held until 2002. Mr. Rodgers served as Executive Vice President of
Operations from 2002 until April 2007. Mr. Rodgers served as Executive Vice President of Information
Technology, Operations and Credit for the Company from May 2007 through January 2008. Prior to joining the
Company, he held credit management positions with Boscov’s and Woodward & Lothrop.
Robert T. Wallstrom was named President, OFF 5TH and Executive Vice President of the Company in June
2010. Mr. Wallstrom joined the Company in June 1995 and has held various leadership positions since that time,
including Senior Vice President and General Manager of the SFA flagship store in New York City between May
2002 and January 2007. He served as President, OFF 5TH and Group Senior Vice President of the Company
from February 2007 through May 2010. Prior to joining the Company, he was a store manager for Macy’s/
Bullocks.
Kevin G. Wills was named Executive Vice President and Chief Financial Officer of the Company in May
2007. Mr. Wills joined the Company in September 1997 and has served in the following capacities: Vice
President of Financial Reporting from September 1997 to August 1998; Senior Vice President of Strategic
Planning from September 1998 to August 1999; Senior Vice President of Planning and Administration of Saks
Department Store Group from September 1999 to January 2003; Executive Vice President of Operations for
Parisian from February 2003 to May 2005; and Executive Vice President of Finance and Chief Accounting
Officer from May 2005 until May 2007. Prior to joining the Company, Mr. Wills was Vice President and
Controller for the Tennessee Valley Authority and before that, he was an audit manager with Coopers and
Lybrand (now PricewaterhouseCoopers LLP).
Item 2. Properties.
The Company currently operates two principal distribution facilities as follows:
Company Stores Served Location of Facility Square Feet Owned/Leased
SFA, OFF 5TH and Saks Direct ....................... Aberdeen, Maryland 471,000 Leased
SFAandOFF5TH ................................. Ontario, California 120,000 Leased
The Company’s principal administrative offices are as follows:
Office Location of Facility Square Feet Owned/Leased
Corporate Operations Center ......................... Jackson, Mississippi 298,000 Owned
Corporate Office Headquarters and SFA Offices .......... NewYork, New York 277,000 Leased
The majority of the SFA stores and one OFF 5TH store are owned or owned buildings on leased land. All
other SFA and OFF 5TH stores are leased. Store leases generally require the Company to pay a fixed minimum
rent and a variable amount based on a percentage of annual sales at that location. Generally, the Company is
responsible under its store leases for a portion of mall promotion and common area maintenance expenses and
for certain utility, property tax, and insurance expenses. Generally, store leases have initial terms ranging from 20
to 30 years and include renewal options ranging from 5 to 20 years. OFF 5TH leases typically have shorter terms.
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