Diane Sullivan is being promoted to president and chief executive of Brown Shoe Company, effective May 26. The current CEO, Ron Fromm, will keep his position as chairman. Sullivan has been with Brown Shoe since 2004, when she was named president. In 2006, she added the title of chief operating officer. The company has separately reported that is has entered into an amended and restated credit agreement, which will extends it senior asset-based revolving credit facility to Jan. 7, 2016. It also provides less restrictive covenants and more flexibility. The borrowing capacity will remain at $380 million, with an accordion provision allowing for Brown Shoe to request an increase to $530 million. The credit facility will be primarily used for working capital and as backing for trade letters of credit. Bank of America, N.A., is the lead issuing bank, and Wells Fargo Bank is an issuing bank as well.