Ward's seeks CEO

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Montgomery Ward & Co., is looking for a new chairman-CEO for the retail chain. Bernard F. Brennan will give up that post while remaining chairman-CEO of the parent Montgomery Ward Holding Corp., as well as its largest shareholder. "The appointment of a new retail CEO will be the next important step in the evolution of the company," Mr. Brennan said. He said Ward's is making major investments in the home products area and a major redeployment of assets to branded apparel.

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