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Mar 03, 2003 Issue #25

Cover Story

A foundering Spiegel races for life

Two years after assuming the helm, Spiegel's president, chairman and ceo Martin Zaepfel retired suddenly last week, handing over the reins to William Kosturos, a managing director at Alvarez & Marshal Inc., a turnaround and management consulting firm, who was named chief restructuring officer and interim ceo.