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Liz Claiborne taps CFO for COO post


Published : Wed, 31 Jan 2007 22:32
By : Agencies
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NEW YORK (AFX) - Women's retailer Liz Claiborne Inc. said Wednesday that Chief Financial Officer Michael Scarpa has been promoted to chief operating officer, effective immediately.

The company said it will conduct a search for a new CFO. Until one is found, Scarpa will keep the position.

Scarpa began working at Liz Claiborne in 1983 as a budget manager.

Liz Claiborne shares rose 52 cents to close at $44.41 on the New York Stock Exchange.

Copyright 2006 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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