NationalJeweler.com, March 29, 2007, Thursday

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national-jeweler.com

March 29, 2007

SECTION: HIGH VOLUME RETAILERS; TOP NEWS

HEADLINE: Saks Inc. hires new EVP, general counsel

HIGHLIGHT:

New York -- Saks Inc. announced today that Michael Brizel has been appointed executive vice president and general counsel, effective May 7.

BODY:

New York -- Saks Inc. announced today that Michael Brizel has been appointed executive vice president and general counsel, effective May 7.

Brizel is an attorney with experience in human resources law, corporate and commercial matters, and litigation management. He has served in a variety of positions with The Reader's Digest Association since 1989, including senior vice president and general counsel, a position he has held since 2002. Brizel also worked for the General Foods Corp. and the law firm of Summit, Rovins and Feldesman. He received his law degree from Cornell Law School and a Bachelor of Science degree from Cornell University in the School of Industrial and Labor Relations.

Brizel will be based in New York and will report to Chief Executive Officer Steve Sadove. The company is in the process of consolidating a number of the executive functions in its Birmingham, Ala., offices into the existing Saks Fifth Avenue home offices in New York City. This process is expected to be completed in the second quarter of 2007.

In October 2006, following the sale of the remaining portion of the company's department store business, Saks Inc. announced that Charles Hansen, who is based in Birmingham and is the company's current executive vice president and general counsel, intended to terminate his employment effective May 4, which will occur as scheduled.

Saks Inc. currently operates Saks Fifth Avenue, which consists of 54 Saks Fifth Avenue stores, 49 Saks Off 5th stores and Saks.com. The company also operates Club Libby Lu specialty stores.