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November 24th

Parterre - Palazzo Mezzanotte
Milan - Piazza degli Affari, 6

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Stephen I. SADOVE

Chairman & CEO, Saks Inc.

In January 2002, Stephen I. Sadove joined the management team of Saks Incorporated as Vice Chairman.  In March 2004, he assumed the additional post of Chief Operating Officer of the Company and in January 2006 he assumed the position of Chief Executive Officer. In May 2007 he assumed his current position of Chairman and Chief Executive Officer of Saks Incorporated. 
Sadove serves on the Company’s Board of Directors, a position he has held since September 1998.  Sadove also served on the board of Saks Holdings, Inc. from 1996 until its September 1998 merger with the Company. Prior to joining the Company, Sadove built a distinguished marketing and consumer products career spanning over 25 years.  Between 1975 and 1991, Sadove held various positions of increasing responsibility with General Foods USA, including Executive Vice President and General Manager of the Desserts Division. 
Sadove joined Bristol-Myers Squibb Company in 1991 as President of Clairol.  In 1994, he was appointed President, Worldwide Clairol, having direct responsibility for the Clairol business in the United States as well as all of the consumer businesses in Canada, Europe, the Middle East, Africa, and Latin America.  In 1996, he was appointed to the post of President, Bristol-Myers Squibb Worldwide Beauty Care, with responsibility for Clairol Worldwide and Matrix Essentials.  In 1997, he was appointed President, Bristol-Myers Squibb Worldwide Beauty Care and Nutritionals, adding Mead Johnson Nutritionals to his duties. During his tenure at Bristol-Myers Squibb, Sadove led Clairol to become the number one hair care business in the United States, relaunched the Herbal Essences brand into a $700 million business, and completed the sale of the beauty care business to Procter & Gamble for approximately $5 billion. Sadove is a graduate of Hamilton College and holds an MBA with distinction from Harvard Business School. 
He currently serves on numerous community and civic boards including Hamilton College, A Better Chance, SUNY Purchase Performing Arts Center, National Retail Federation and Hazelden New York as well as the public company boards of Ruby Tuesday and Colgate-Palmolive.