CEO Leaves May Department Stores

St. Louis, Mo., May Department Stores Co. Chairman and CEO Gene Kahn resigned today. The company offered no explanation for the move, but said it wished him will in the future. John Dunham, currently president, was named acting chairman and CEO while the company searches for a replacement.

May's board also elected Russell Palmer as lead director. James Kilts, also a director, will chair the search committee.

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