Content about CEO

An astonishing 41% first quarter same store sales increase at Restoration Hardware propelled the company to significantly improved profitability and made the specialty retailer an increasingly desirable tenant.

Lululemon's chairman, Dennis "Chip" Wilson, sold stock worth $50 million just days before shares slumped following CEO Christine Day's resignation, according to a Reuters report.

Reuters goes on to cite a Wall Street Journal report — which in turn cites InsiderScore.com, a site which tracks insider trading and institutional ownership — that Wilson set up plans to sell stock back in December. Wilson founded the company in 1998 and remains its largest voting shareholder.

NEW ALBANY, Ohio — In an effort to clean up its image following CEO Mike Jeffries' controversial comments regarding the type of people he would prefer to see donning his clothing, Abercrombie & Fitch is launching an anti-bullying campaign and college scholarship program.

FORT LAUDERDALE, Fla. — CableOrganizer.com, an online retailer of electrical, telecom/datacom/networking, home theater, cable and wire management products, has been acquired by KT Capital Partners and CapitalSouth Partners Funds.

The company has appointed a new CEO, Gerald P. Quindlen, who previously served as president and CEO of Logitech. Company co-founders Valerie and Paul Holstein, former CEO and COO, respectively, will retain a minority ownership position in the new company.

FRAMINGHAM, Mass. — The TJX Companies' shareholders elected Dawn Lepore to its board of directors at the company’s annual meeting. Lepore joins 10 ongoing directors who were re-elected at the meeting.

VANCOUVER, British Columbia — Lululemon reported results for the first quarter ended May 5, but the news of the day was CEO Christine Day's resignation after five and a half years.

Day will officially step down once the board names a successor. The board has formed a search committee and enacted its CEO succession plan.

PITTSBURGH — Berkshire Hathaway and an investment fund affiliated with 3G Capital have completed their acquisition of H.J. Heinz Company. 

Heinz shareholders will receive $72.50 in cash for each share of common stock they owned as of the effective time of the merger, without interest and less any applicable withholding taxes. As a result of the completion of the merger, the common stock of Heinz will no longer be listed for trading on the New York Stock Exchange and Heinz expects no further trading after the close of business on June 7.

Three Scotts Miracle-Gro board members resigned following the delivery of a unanimously supported reprimand of CEO Jim Hagedorn that stemmed from the use of inappropriate language. 

Hagedorn apologized in a statement.

"While I have a tendency to use colorful language, I recognize my comments in this case were inappropriate and I apologize," Hagedorn said. "I, along with the rest of our board members, consider the matter resolved and I have made a personal commitment to prevent a future recurrence."

NEW YORK — Chairman, president and CEO of Macy’s Terry J. Lundgren will be one of three men honored at the 72nd annual Father of the Year awards luncheon to be held Tuesday, June 11, at the Grand Hyatt New York Hotel. 

Lundgren will be in the company of President Bill Clinton, founder of the William J. Clinton Foundation and the nation’s 42nd Commander-in-Chief, and Major Jackson Drumgoole II, who served four tours in Iraq. 

MOLINE, Ill. — Deere & Company has elected Cargill CEO Gregory R. Page to its board of directors. Cargill is an international producer and marketer of food, agricultural, financial and industrial products and services. 

Based in Minneapolis, Minnesota, the privately held company employs about 140,000 people in 65 countries and has annual sales of more than $130 billion.

LONDON — The International Council of Shopping Centers’ executive committee has elected Marcus Wild, CEO of SES Spar European Shopping Centers, as divisional VP for the association’s European division.