LaPorte to assume SVP/Controller role at Saks Incorporated
03 Mar '07
2 min read
Retailer Saks Incorporated announced that Ernest LaPorte has been named Senior Vice President and Controller of Saks Fifth Avenue. LaPorte will assume the post of Senior Vice President and Controller of Saks Incorporated by August 2007.
LaPorte, a Certified Public Accountant, has over 20 years of finance and accounting experience in a range of industries. LaPorte has served as Vice President of Finance and Principal Accounting Officer of Movado Group Inc since February 2005.
Prior to that, he held a variety of positions of increasing responsibility with Barnes & Noble Inc including Vice President of Internal Audit, Assistant Controller, and Director of Financial Reporting. LaPorte gained previous experience with General Electric Capital Corporation, NYNEX Corporation, and Meta Health Technology Inc. He began his accounting career at the public accounting firm of Laventhol & Horwath.
LaPorte will be based in New York City and will report to Michael Archbold, who is the current Chief Financial and Administrative Officer for SFA 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 a number of 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 by the end of the second fiscal quarter of 2007. Rod Samples, current Senior Vice President and Corporate Controller, is based in Birmingham and will remain in that post until the end of the second quarter.
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