Saks Incorporated announced that Dennis Ling has been named Senior Vice President (SVP) and Treasurer of Saks Fifth Avenue Enterprises (SFAE). Ling will assume the post of Senior Vice President and Treasurer of Saks Incorporated by May 2007.
Ling brings an impressive track record in strategic, financial, and operating leadership with a number of Fortune 500 companies in diverse industries. Beginning in 1986, he held a variety of finance assignments of increasing responsibility at Avon Products Inc, culminating in his most recent position of Senior Vice President of Finance with responsibility for treasury and tax management.
Prior to that, Ling gained experience in financial planning, international operations, and global finance with PepsiCo Inc. and Ford Motor. He received his M.B.A. in Finance from the Wharton School of the University of Pennsylvania and his B.S. from Cornell University.
Ling will be based in New York City and will report to Michael Archbold, who is the current, Chief Financial and Administrative Officer for SFAE and who will assume the post of Executive Vice President and Chief Financial Officer of the Company in May 2007.
The Company is in the process of consolidating its key finance and executive functions into the existing Saks Fifth Avenue home offices in New York City from Birmingham, Alabama. This process is expected to be completed in the second quarter of 2007.
Wes Burton, current Senior Vice President and Treasurer of the Company, is based in Birmingham and will remain in that post until Ling assumes the responsibilities in spring 2007.
marketing@alchempro.com
