Content about CEO

May 17, 2013

J.C. Penney reported a deeper-than-expected loss of $348 million for its first quarter, compared to $163 million in the year-ago period, amid a 16.4% decline in revenue.

PLANO, Texas — J.C. Penney reported a deeper-than-expected loss of $348 million for its first quarter, compared to $163 million in the year-ago period, amid a 16.4% decline in revenue. The results came as the company seeks to undo the damage caused by former CEO Ron Johnson’s costly and largely failed makeover.

May 17, 2013

Fisk Johnson, SC Johnson's chairman and CEO, has been named "Friend of the Library" by the Racine Public Library. Johnson received the award for sponsoring the Racine Reads: Dream Big! program during the 2011-2012 school year.

RACINE, Wis. — Fisk Johnson, SC Johnson's chairman and CEO, has been named "Friend of the Library" by the Racine Public Library. Johnson received the award for sponsoring the Racine Reads: Dream Big! program during the 2011-2012 school year. 

The program challenged 10,000 local elementary school students to read 1 million books during the school year — an average of 100 books per child. Students rose to the challenge, by more than quadrupling the national average, by reading 180 books per student and 1.8 million books in total. 

May 17, 2013

Kathleen Mason, former CEO of Tuesday Morning, has filed a lawsuit against her ex-employer in Dallas District Court claiming discrimination. Mason, who was fired last June, alleges that Tuesday Morning mistreated and then terminated her within months after learning she was suffering from breast cancer.

DALLAS — Kathleen Mason, former CEO of Tuesday Morning, has filed a lawsuit against her ex-employer in Dallas District Court claiming discrimination. Mason, who was fired last June, alleges that Tuesday Morning mistreated and then terminated her within months after learning she was suffering from breast cancer.

May 16, 2013

Same store sales at Walmart's U.S. stores declined 1.4% in the first quarter, but the retailer forecasts comps should rebound during the second quarter.

BENTONVILLE, Ark. — Same store sales at Walmart's U.S. stores declined 1.4% in the first quarter, but the retailer forecasts comps should rebound during the second quarter. 

Sales were just below Wall Street expectations as the giant retailer struggled with a number of issues that impacted its U.S. sales, from the payroll tax increase to an unseasonably cold spring to delayed tax returns. The discounter also scaled back its earnings expectations for the current three-month period.

May 15, 2013

Interactive multichannel retailer HSNi has promoted Judy Schmeling to COO and CFO. Schmeling has served as HSNi's EVP and CFO since 2001.

ST. PETERSBURG, Fla. — Interactive multichannel retailer HSNi has promoted Judy Schmeling to COO and CFO. Schmeling has served as HSNi's EVP and CFO since 2001. In her new role, she will be responsible for supply chain operations and customer care functions in addition to providing ongoing leadership for finance and information technology. 

May 14, 2013

Olivier Goudet, partner and CEO of the Joh. A. Benckiser Group and former CFO of Mars Inc., has been appointed global beauty brand Coty’s board of directors. Goudet replaces Bernd Beetz, who stepped down from Coty's board to pursue other interests.

NEW YORK — Olivier Goudet, partner and CEO of the Joh. A. Benckiser Group and former CFO of Mars Inc., has been appointed global beauty brand Coty’s board of directors. Goudet replaces Bernd Beetz, who stepped down from Coty's board to pursue other interests.  

JAB is a privately held group that owns and invests in premium brands; it is also Coty's majority shareholder.

May 10, 2013

Former Gap executive Pamela B. Wallack has been named CEO of David’s Bridal, a U.S.-based specialty retailer of bridal gown and wedding-related apparel and accessories.

CONSHOHOCKEN, Pa. — Former Gap executive Pamela B. Wallack has been named CEO of David’s Bridal, a U.S.-based specialty retailer of bridal gown and wedding-related apparel and accessories.

The specialty retailer is looking to leverage Wallack’s abilities to grow and improve well-known consumer brands to help drive the strategic initiatives underway at the company, including expanding the store base, bolstering the e-sommerce platform, enhancing customer experience and adding to the portfolio of high-fashion brands.

May 9, 2013

Bebe has appointed former Limited executive Keith Keegan as SVP of marketing. In his new role, Keegan will lead all aspects of marketing and branding across all channels of the business. He will report to CEO Steve Birkhold.

LOS ANGELES — Bebe has appointed former Limited executive Keith Keegan as SVP of marketing. In his new role, Keegan will lead all aspects of marketing and branding across all channels of the business. He will report to CEO Steve Birkhold.

May 9, 2013

Central Garden & Pet's CEO is not settling for the company's margins and bottom line results, despite reporting second-quarter net sales of $498.2 million, a 7% increase over the comparable fiscal 2012 period.

Central Garden & Pet's CEO is not settling for the company's margins and bottom line results, despite reporting second-quarter net sales of $498.2 million, a 7% increase over the comparable fiscal 2012 period.

The company's net income for the second quarter ended March 30 was $22.2 million, compared with net income of $21.6 million in the second quarter of 2012. 

May 8, 2013

Elavon, a leading global payments provider and wholly owned subsidiary of U.S. Bancorp, has promoted Simon Haslam to the position of president and CEO. Haslam succeeds Mike Passilla, who recently departed the company.

ATLANTA — Elavon, a leading global payments provider and wholly owned subsidiary of U.S. Bancorp, has promoted Simon Haslam to the position of president and CEO. Haslam succeeds Mike Passilla, who recently departed the company.

Haslam joined Elavon in 2005 and was president of Elavon International Markets. He is credited with leading Elavon’s successful expansion throughout Europe, South America and Latin America, including the company’s recently completed joint venture with Banco Santander.

May 8, 2013

Foot Locker has started the ball rolling toward acquiring Runners Point Warenhandelsges, a specialty athletic store and online retailer based in Recklinghausen, Germany, for a total cash consideration of approximately $94 million.

NEW YORK — Foot Locker has started the ball rolling toward acquiring Runners Point Warenhandelsges, a specialty athletic store and online retailer based in Recklinghausen, Germany, for a total cash consideration of approximately $94 million. 

May 6, 2013

The Jones Group Inc. has nominated chairman and CEO of Barington Capital Group James A. Mitarotonda to stand for election to the board of directors at the company's 2013 annual meeting of stockholders.

NEW YORK — The Jones Group Inc. has nominated chairman and CEO of Barington Capital Group James A. Mitarotonda to stand for election to the board of directors at the company's 2013 annual meeting of stockholders. 

With the addition of Mitarotonda, the Jones board of directors will expand to 11 members, 8 of whom are independent, 10 of whom are non-management and all of whom are annually elected.  

May 3, 2013

Unger Global has appointed William D. Ecker as its new CEO. Before joining Unger, Ecker was president and CEO of Hartz Mountain Corporation, the leading manufacturer and marketer of pet care products in the United States and Canada.

BRIDGEPORT, Conn. — Unger Global has appointed William D. Ecker as its new CEO.

May 2, 2013

Delia’s has appointed Tracy Gardner as the company’s new chief creative officer, and also as a member of the board of directors. Walter Killough, who back in January announced his intention to step down as CEO April 1, has agreed to remain in the role through August 2.

NEW YORK — Delia’s has appointed Tracy Gardner as the company’s new chief creative officer, and also as a member of the board of directors. Walter Killough, who back in January announced his intention to step down as CEO April 1, has agreed to remain in the role through August 2. 

The company also named Michael Zimmerman chairman of the board, replacing Carter S. Evans, who will remain on the board.

May 2, 2013

Nike has promoted VP Michael Spillane to VP and GM of Nike’s Greater China geography effective June 1. Spillane replaces Craig Cheek who will move to a global role as VP and GM of Nike’s Young Athletes.

BEAVERTON, Ore. — Nike has promoted VP Michael Spillane to VP and GM of Nike’s Greater China geography effective June 1. 

Spillane was most recently the CEO and president of Umbro, which Nike divested of last year. Spillane replaces Craig Cheek who will move to a global role as VP and GM of Nike’s Young Athletes, where he will oversee strategy and drive growth supporting the company’s key categories around the world.

May 1, 2013

Red Book Connect, a global service-driven technology solutions company serving the retail, restaurant and hospitality industries, has appointed Larry A. Abramson as its CEO, a previously unfilled position since the formation of the company in January 2013.

ATLANTA, Ga. — Red Book Connect, a global service-driven technology solutions company serving the retail, restaurant and hospitality industries, has appointed Larry A. Abramson as its CEO, a previously unfilled position since the formation of the company in January 2013.

May 1, 2013

Guess has appointed former Victoria’s Secret executive Sharleen Ernster Lazear as chief design officer, overseeing all product categories for the Guess brands. She will report to CEO Paul Marciano.

LOS ANGELES — Guess has appointed former Victoria’s Secret executive Sharleen Ernster Lazear as chief design officer, overseeing all product categories for the Guess brands. She will report to CEO Paul Marciano. 

May 1, 2013

During the Spectrum Brands second-quarter earnings call, the Madison, Wis.-based company showed interest in bringing back some offshore production.

During the Spectrum Brands second-quarter earnings call, the Madison, Wis.-based company showed interest in bringing back some offshore production. 
 
Responding to a question about the rising costs of wages and freight for overseas small appliance manufacturing, Spectrum Brands CEO David Lumley said: “We are looking at that.”
 
He added that a first opportunity might be for North America manufacturing — Mexico or the Caribbean.

April 30, 2013

Big Lots has named David Campisi as its new CEO and president. Campisi succeeds Steve Fishman, who announced in December 2012 his intention to retire upon the appointment of his successor.

COLUMBUS, Ohio — Big Lots has named David Campisi as its new CEO and president. Campisi succeeds Steve Fishman, who announced in December 2012 his intention to retire upon the appointment of his successor. 

Fishman will also step down from the board of directors immediately following the 2013 annual meeting of shareholders on May 30, at which time Campisi will be appointed as a director. The board also plans to elect a non-executive chairman of the board.

April 30, 2013

Bebe has appointed current principal accounting officer and VP, corporate controller Liyuan Woo as its new CFO.

BRISBANE, Calif. — Bebe has appointed current principal accounting officer and VP, corporate controller Liyuan Woo as its new CFO. 

 

Woo has been with Bebe stores since 2010. She will retain the principal accounting officer title and will be responsible for global finance, accounting, treasury, tax, compliance, planning and strategic corporate development. She will report directly to CEO Steve Birkhold.

 

April 29, 2013

Johnson & Johnson chairman and CEO Alex Gorsky told shareholders at the company's annual shareholder meeting that its consumer healthcare business would reclaim its prominence in the U.S. marketplace. But OTC growth will be greatest outside of the U.S.

NEW BRUNSWICK, N.J. — Johnson & Johnson chairman and CEO Alex Gorsky told shareholders at the company's annual shareholder meeting that its consumer healthcare business would reclaim its prominence in the U.S. marketplace. But OTC growth will be greatest outside of the U.S.
 

April 29, 2013

Robert Edwards will replace Steven Burd as CEO of Safeway, the company announced Monday evening.

Robert Edwards will replace Steven Burd as CEO of Safeway, the company announced Monday evening.
 
Edwards, 57, currently serves as Safeway’s president and will assume CEO responsibilities on May 14 when Burd resigns as CEO and chairman. Filling the chairman role will be lead independent director T. Gary Rogers who will become non-executive chairman.
 

April 26, 2013

Max-Wellness is set to open the first of its new concept Mini-Max stores in the Center for Healthy Living situated on the 83-acre campus of Moorings Park, an upscale Naples, Fla., retirement community.

CLEVELAND — Max-Wellness is set to open the first of its new concept Mini-Max stores in the Center for Healthy Living situated on the 83-acre campus of Moorings Park, an upscale Naples, Fla., retirement community. 
 
The grand opening will be held May 7 and will feature a number of services for its 700-plus residents and visitors, including medical and exercise facilities, a spa and beauty center and a 75-seat movie theater.
 

April 26, 2013

Supervalu has elected Rite Aid chairman, president and CEO John Standley and Cerberus COO and general counsel Mark A. Neporent to its board of directors.

MINNEAPOLIS — Supervalu has elected Rite Aid chairman, president and CEO John Standley and Cerberus COO and general counsel Mark A. Neporent to its board of directors.
 

April 25, 2013

Best Buy CEO Hubert Joly earned nearly $20 million during his first five months on the job in 2012, the Associated Press reported.

NEW YORK — Best Buy CEO Hubert Joly earned nearly $20 million during his first five months on the job in 2012, the Associated Press reported.
 
Joly, a turnaround expert, took the reins of the chain in September. Former CEO Brian Dunn left in April when a board investigation found that Dunn violated company policy by having a "close personal relationship" with a female staffer. Board member Mike Mikan, one of Best Buy’s board members, served as temporary CEO before Joly was hired.