BlueLight.com Names Richard Blunck CEO
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Kmart Corp.’s BlueLight.com has named Richard Blunck as chief executive, filling a position that became vacant when Mark Goldstein resigned in May.
Blunck, previously chief technology and electronic-business officer for Kmart, had been serving as interim CEO. He will be based in San Francisco.
Kmart acquired full control of the Internet operation in August by issuing stock and purchasing $15 million of Bluelight.com shares held by minority investors, including Softbank Corp. and Martha Stewart Living Omnimedia Inc. Since then it has contracted with Global Sports Inc. to manage some of BlueLight.com’s functions.
Shares of Troy, Mich.-based Kmart rose 43 cents to $6.58 on the NYSE.
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