Kmart Announces Executive Change

Appoints First Chief Officer of Diversity

Kmart Corporation (NYSE: KM) today announced the appointment of Randy Allen, 55, to Executive Vice President, Strategic Initiatives and Chief Diversity Officer, effective immediately. In this position, Allen will report directly to Chairman and Chief Executive Officer, Charles C. Conaway.

Allen will be responsible for supporting corporate initiatives tied to the company's key strategic imperatives, including the integration of into Kmart Corporation, management of the food distribution agreement with Fleming Companies, Inc. and the company's multi-cultural activities.

Allen most recently served as Kmart Corporation's Executive Vice President, Chief Planning and Information Officer. The company currently is searching for a Chief Information Officer to replace Allen.

Allen joined Kmart in 2000 from Deloitte Consulting in Parsippany, New Jersey where she was the company's first female Partner. She is on the Park Fellow Advisory Council and the Business Advisory Board at the Cornell University Johnson School and is a founding member of the President's Council of Cornell Women. Allen also is on the Board of Overseers of the New Jersey Institute of Technology.

"In this new position, Randy will create momentum around our key corporate initiatives and ensure we remain focused on implementing programs that are in- line with our strategic objectives," said Conaway. "She will work closely with the Human Resources, Store Operations and Strategic Implementation teams to help Kmart remain on the path to becoming a world class retailer. In her role as Chief Diversity Officer, Randy will help Kmart build energy around diversity among the company's key constituents including customers, brand partners, communities and associates."

Kmart Corporation is a near-$40 billion company that serves America with more than 2,100 Kmart and Kmart Supercenter retail outlets and through its Internet portal. Kmart donates $35 million each year to support its hometowns and local nonprofit organizations. Kmart associates also provide their most valuable resource -- time -- every day in their local communities. In addition to serving all 50 states, Kmart operations extend to the Caribbean Islands and Asia Pacific. More information about Kmart is available on the World Wide Web at under the "About Kmart" section.


SOURCE: Kmart Corporation

Contact: Stephen Pagnani of Kmart Media Relations, +1-248-463-1021


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