Michael Massey Named Interim CEO and Scott Olivet Becomes Non-Executive Chairman of Collective Brands

Collective Brands, Inc. PSS announced today that the Board of Directors and Matthew Rubel agreed that Mr. Rubel would resign as director, Chairman of the Board and an officer of the Company, effective immediately. Michael J. Massey has been named the interim Chief Executive Officer and D. Scott Olivet has been named the Company's Non-Executive Chairman.