OTHER NEWS - April 7, 1993

President of AnnTaylor Stores Resigns: AnnTaylor Stores Corp. said Joseph Schumm resigned as president and chief operating officer after 14 months in the posts. Schumm, who joined the women’s apparel retailer after its 1989 leveraged buyout, also resigned from the retailer’s board. The 48-year-old executive wasn’t available for comment. The company intends to leave the office of president vacant. Additionally, AnnTaylor named Joseph Gromek, 46, senior vice president and general merchandise manager. Gromek was previously at the Limited. Paul E. Francis, 38, now a director, was named to the newly created position of executive vice president of finance and administration.