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Levitz Furniture Names Chief Financial Officer

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Levitz Furniture, a leading specialty retailer of furniture, bedding and home furnishings, announced the appointment of Kathy Guinnessey to the position of Chief Financial Officer. The announcement was made by Tom Baumlin, CEO of Levitz Furniture. Guinnessey has nearly 25 years of experience ranging from financial planning and analysis to capital structure and debt issuance. Guinnessey will oversee finance, accounting, financial planning & analysis internal audit, payroll, treasury and loss prevention, and will report directly to Baumlin. "We are delighted that Kathy has chosen to join our team at Levitz," said Baumlin. "Kathy's reputation and credibility in the financial community and expertise in the retail industry strengthens our management team as we continue to make significant progress revitalizing the Levitz brand." Having most recently served as leader of tax, treasury and investor relations at Dun & Bradstreet, Guinnessey's retailing roots include significant financial roles at both Footstar, Inc. and Lechter's. She began her career with Manufacturer's Hanover Trust and subsequently moved to Marsh & McClennan. Guinnessey was recruited to the Maxwell MacMillan Group and later to GAF Corporation where she served as Vice President & Treasurer before joining Lechter's. She holds a BA from Rutgers and an MBA in Finance from Fordham. About Levitz Furniture: Levitz Furniture is a leading specialty retailer of furniture, bedding and home furnishings in the United States with 80 locations in major metropolitan areas, principally in the Northeast and on the West Coast of the United States as well as its presence on e-commerce site, www.furniture.com. Additional information about the Company and its brands is available at www.levitz.com.

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