APPLETREE COMPLETES SALE OF 26 STORES

HOUSTON -- AppleTree Markets here completed the sale of 26 of its 49 stores last week, with the sale of 15 more likely to close next week.And, in the wake of the chain's downsizing, R. Howard Stanworth has resigned as chairman and chief executive officer "to pursue other interests," Rich Geoggel, vice president and treasurer, told SN. The resignation took effect late last month.Succeeding Stanworth,

HOUSTON -- AppleTree Markets here completed the sale of 26 of its 49 stores last week, with the sale of 15 more likely to close next week.

And, in the wake of the chain's downsizing, R. Howard Stanworth has resigned as chairman and chief executive officer "to pursue other interests," Rich Geoggel, vice president and treasurer, told SN. The resignation took effect late last month.

Succeeding Stanworth, with the title of president and CEO, is Tony Kubicek, formerly chief financi

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