Lillian Vernon Steps Down As CEO of Her Catalog Company

Will Remain Chairman, Focus on Licensing the Name

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CHICAGO ( -- Lillian Vernon, Rye, N.Y. is stepping down as CEO of the 51-year-old catalog company that bears her name, but will remain chairman of the board, a company spokesman said.

The 74-year-old founder is relinquishing day-to-day management duties to focus on a new initiative to license the Lillian Vernon Corp. name in other sectors such as retail and cosmetics.

A search committee -- composed of three members of the board -- is looking for a successor.

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