Jim Boscov, nephew of chairman and CEO Albert Boscov, has been named vice chairman at Boscov’s Department Store, the website
phillyBurbs.com reported.
Jim Boscov, 61, began his career at the Reading, Pa.-based store chain as an assistant store manager nearly 30 years ago and held various positions in the company before leaving to start his own businesses. He returned to the company in August 2001, the article said.
The report said Albert Boscov, 81, released a statement that read:
“We’re gratified that Boscov’s will remain a family business. With Jim’s retail experience, intelligence and people skills, he was a natural choice. While I have no plans to retire, I want to assure our coworkers and business partners that Boscov’s will remain Boscov’s for many years to come.”
The article noted that Albert Boscov retired in 2006 but returned two years later to rescue the chain from bankruptcy with money from family members, friends and private sources. At the time of the bankruptcy, Boscov’s chairman and CEO was Kenneth Lakin, another nephew of Albert Boscov.
Jim Boscov’s role as vice chairman will include advertising, overseeing projects and working closely with his uncle, the article said. (Source: phillyBurbs.com, April 22, 2011.)
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