MYRON E. (MIKE) ULLMAN, III APPOINTED TO SAKS
INCORPORATEDS BOARD OF DIRECTORS
|FOR IMMEDIATE RELEASE
New York, New York (February 4, 2013) Retailer Saks Incorporated (NYSE: SKS) (Saks or
the Company) today announced that Myron E. (Mike) Ullman, III, 66, has been appointed to the Companys Board of Directors effective today. He also will serve on the Audit and Corporate Governance Committees of the Companys
Board of Directors.
Mr. Ullman is a highly experienced retail industry executive who has led large consumer and luxury goods businesses
both domestically and internationally over the past thirty years.
In February 2012, Mr. Ullman retired as Chairman and Chief Executive
Officer of J.C. Penney Company, Inc., after serving in those positions since December 2004. Prior to that, he served as Directeur General of the worlds largest luxury group, LVMH Moët Hennessey Louis Vuitton, in Paris; Chairman and Chief
Executive Officer of DFS Group Limited, the worlds leading travel retailer; and Chairman and Chief Executive Officer of R.H. Macy & Co., Inc. Mr. Ullmans prior retail experience also includes leading Wharf Holdings Ltd. in
Hong Kong and posts at Federated Department Stores earlier in his career. In addition, he previously served as a White House Fellow in the Reagan Administration, Vice President of Business Affairs at the University of Cincinnati, and an
International Account Manager for IBM Corporation.
Mr. Ullman currently serves on the boards of directors of Starbucks Corporation
(NASDAQ: SBUX) and the COFRA Group headquartered in Zug, Switzerland and as Deputy Chairman of the Federal Reserve Bank of Dallas. He is also an advisor to the board of directors of the Retail Industry Leaders Association and is a past Chairman of
the National Retail Federation. Mr. Ullman is also Chairman of the Board of Mercy Ships International, a global medical and human services charity. He previously served as a director of Ralph Lauren Corporation; Taubman Centers, Inc.; LVMH
Moët Hennessy Louis Vuitton; Federated Department Stores; and Segway, LLC.
Stephen I. Sadove, Chairman and Chief Executive Officer of
Saks, commented, We are extremely pleased that Mike Ullman has joined our Board of Directors. His exceptional retail and luxury goods experience and his strategic business background will make him an outstanding contributor to our Board.
The Company currently operates 43 Saks Fifth Avenue stores, 65 Saks Fifth Avenue OFF 5TH stores, and
saks.com. Saks Fifth Avenue is proud to be named a J.D. Power and Associates 2012 Customer Service Champion and is only one of 50 U.S. companies so named.