The president and CEO of Kmart Corp. will be honored with Brigham Young University's 1994 International Executive of the Year Award on Friday, Nov. 11.

The yearly award is approved by the BYU board of trustees. President Gordon B. Hinckley, first counselor in the First Presidency of The Church of Jesus Christ of Latter-day Saints, will present the award to Joseph E. Antonini."We are pleased to honor one of America's leading retailers," said K. Fred Skousen, dean of BYU's Marriott School of Management. "Antonini's leadership at Kmart has brought new vigor and excitement to the many Kmart stores across the country."

Antonini launched a $3.5 billion modernization program in 1990.

"Our inventories are more in line so that we can flow our products more consistently," Antonini wrote in the annual message to stockholders.

The modernization plan involves remodeling stores to be more customer friendly, providing fashionable merchandise in stores, training store associates to be more sensitive to customers' needs and setting up an 800 number for customers.