Saks Fifth Avenue 2011 Annual Report Download - page 15

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Saks Fifth Avenue. In 2002, she was named Senior Vice President of Business Development and Saks Direct, and
in February 2007, she was promoted to President, Saks Direct and Group Senior Vice President of the Company.
Ms. Incandela began her career as the Assistant to the Chief Financial Officer at Shearson Lehman Brothers.
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 following table summarizes the location, total square footage, and ownership status of the Company’s
distribution centers, operations center, and corporate offices as of January 28, 2012:
Facility Location of Facility Square Footage Owned/Leased
Distribution Center (servicing SFA, Saks Direct and
OFF 5TH) ................................. Aberdeen, Maryland 471,000 Leased
Distribution Center (servicing SFA and OFF 5TH) . . . Ontario, California 120,000 Leased
Corporate Operations Center .................. Jackson, Mississippi 298,000 Owned
Corporate Headquarters ...................... NewYork, New York 275,000 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, SFA 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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