Payless ShoeSource elects new member to Board of Directors

01/02/2005

Michael Weiss has been elected to the Board of Directors at American footwear retailer, Payless ShoeSource, Inc., with a term to expire in 2007.  Mr. Weiss was also appointed to the Compensation, Nominating and Governance Committee of the company's Board of Directors.

 

Mr. Weiss, 63, is the retired president and CEO of Express, a subsidiary of Limited Brands, Inc.  He served in such capacity from 1997 to 2004.

 

As of the end of December 2004, the Payless ShoeSource operated a total of 4,709 stores offering footwear and accessories. With the addition of Mr. Weiss the Payless ShoeSource Board now consists of ten Directors, including nine independent Directors.