Levy to Step Down as Gottschalks Chairman
From the Associated Press
The chairman of Gottschalks Inc. is stepping down and handing over the direction of the Fresno-based department store chain to a successor who is not part of the founding family.
Joseph Levy, 74, said at the company’s annual meeting that he would remain on the board until the end of the year.
Levy, the grandnephew of company founder Emil Gottschalk, is the last member of the founding family to work full time at the company.
Joe Penbera, a 20-year board member and former dean of Cal State Fresno’s business school, will take over as chairman.
