USA: CEO Chuck Conaway leaves Kmart, James Adamson succeeds him
Chuck Conaway, chief executive of beleaguered supermarket company Kmart, is saying goodbye to an annual remuneration package worth US$1.4m and leaving the company. Chairman James Adamson will succeed him. Kmart filed for Chapter 11 bankruptcy on 22 January, and Conaway was stripped of his title of chairman several days later. It therefore came as no surprise when it was announced yesterday [Monday] that Conaway was leaving the company altogether.
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