Content about Management

September 16, 2014

Build-A-Bear Workshop has appointed Voin Todorovic as its new CFO, reporting to CEO Sharon John.

Build-A-Bear Workshop has appointed Voin Todorovic as its new CFO, reporting to CEO Sharon John.

"Voin has a solid background in linking financial goals and business objectives. I am excited to have him join the team as we continue to evolve our business model to leverage the strength of the Build-A-Bear brand to drive toward the Company’s stated objectives of sustainable, profitable growth,” said John.

September 15, 2014

Longtime RadioShack adviser Holly F. Etlin has been tapped once more as interim CFO, replacing John Feray. Citing personal reasons, Feray resigned Sept. 12, just a day after the company posted its 10th straight quarterly loss.

Longtime RadioShack adviser Holly F. Etlin has been tapped once more as interim CFO, replacing John Feray. Citing personal reasons, Feray resigned Sept. 12, just a day after the company posted its 10th straight quarterly loss.

Etlin, a managing director of AlixPartners, has already served as RadioShack's interim CFO, from July 2013 to Feb. 2014.

RadioShack warned in a regulatory filing it may seek bankruptcy protection, with a possible sale or third-party investment as other potential avenues to remedy its ongoing financial woes.

September 11, 2014

Hhgregg has added Robert J. Riesbeck to its executive team as CFO, as part of the retailer’s continued focus on transforming the business.

Hhgregg has added Robert J. Riesbeck to its executive team as CFO, as part of the retailer’s continued focus on transforming the business.

Riesbeck has more than 25 years of experience in financial and operations management. Most recently, he served as operations executive/group CFO at Sun Capital Partners where he was responsible for financial and operations oversight of a diverse group of portfolio companies with combined revenues exceeding $5 billion.

September 8, 2014

In a few weeks, retailers across the country will set out to begin to interview, hire and train workers for very busy holiday season.

In a few weeks, retailers across the country will set out to begin to interview, hire and train workers for very busy holiday season. There is nothing new about these hiring trends. What is new is that we can translate and apply military methods to train, integrate and improve workers effectiveness for a more successful retail season.
 

September 5, 2014

Just a few days after electing a whole new board of directors, Alco announced that newly elected director Stanley B. Latacha will assume the role of interim CEO, effective immediately.

Just a few days after electing a whole new board of directors, Alco announced that newly elected director Stanley B. Latacha will assume the role of interim CEO, effective immediately.

September 5, 2014

Living Proof has promoted Grace Ray to CEO. Ray has served as chief marketing officer since 2011, and succeeds Jill Beraud, who is heading to Tiffany & Co. as EVP of global retail operations.

Living Proof has promoted Grace Ray to CEO. Ray has served as chief marketing officer since 2011, and succeeds Jill Beraud, who is heading to Tiffany & Co. as EVP of global retail operations.

The company credits Ray with being instrumental in its growth in the past several years. The company said that Ray worked with the Living Proof team to deliver a portfolio of award-winning and game-changing products, increase the brand's awareness and leverage co-owner Jennifer Aniston in powerful marketing campaigns to drive double-digit sales growth.

September 3, 2014

Amazon has confirmed that SVP and CFO Thomas J. Szkutak plans to retire from the company in June 2015. Succeeding him will be Brian T. Olsavsky, VP of finance for the company’s global consumer business, reporting to founder and CEO Jeffrey P. Bezos.

Amazon has confirmed that SVP and CFO Thomas J. Szkutak plans to retire from the company in June 2015. Succeeding him will be Brian T. Olsavsky, VP of finance for the company’s global consumer business, reporting to founder and CEO Jeffrey P. Bezos.

Szkutak has been Amazon’s CFO since joining the company in October 2002 and oversees the controller, treasury, investor relations, tax, internal audit and facilities functions as well as financial management of the company’s business units.

September 2, 2014

The Family Dollar board is under new pressure to walk away from a deal with Dollar Tree after Dollar General further increased an already more generous counter offer.

The Family Dollar board is under new pressure to walk away from a deal with Dollar Tree after Dollar General further increased an already more generous counter offer.

Early Monday Dollar General increased its all cash offer to $80 a share from $78.50 a share and increased the number of stores it said it would be willing to divest to 1,500 from 700. The company also said it would be willing to pay Family Dollar a $500 million reverse break-up if the deal failed to secure antitrust clearance.

August 28, 2014

Digital talent is a hot topic among retail CEOs today — primarily, where to find enough talent to develop the organization’s “digital DNA” at every level and in every area of the business.

Digital talent is a hot topic among retail CEOs today — primarily, where to find enough talent to develop the organization’s “digital DNA” at every level and in every area of the business. With digital talent within retail in short supply, we now have to proactively go further afield — whether in travel, finance, the tech industry or elsewhere — to identify and woo the digital experts our companies need to grow.

August 22, 2014

During the fourth quarter, Tuesday Morning Corporation continued working on the final phase of its turnaround program. Judging by its comparable-store sales trend, increased inventory turnover and improved cash position, the company’s plan is working.

During the fourth quarter, Tuesday Morning Corporation continued working on the final phase of its turnaround program. Judging by its comparable-store sales trend, increased inventory turnover and improved cash position, the company’s plan is working.

August 20, 2014

Toms will be partnering with investment firm Bain Capital in an effort to expand the company’s reach and its charitable efforts.

Toms will be partnering with investment firm Bain Capital in an effort to expand the company’s reach and its charitable efforts.

Though no financial information about the agreement was announced, Toms founder Blake Mycoskie will remain in charge of the company and maintain his 50% share of it. Additionally, Mycoskie will use half of the money he gained from the partnership to start a fund for social causes and entrepreneurship.

August 15, 2014

Manhattan Associates continues to close the loop on its supply chain and omnichannel service offering with the recent acquisition of in-store mobile solutions provider GlobalBay Technologies from VeriFone.

Manhattan Associates continues to close the loop on its supply chain and omnichannel service offering with the recent acquisition of in-store mobile solutions provider GlobalBay Technologies from VeriFone.

August 13, 2014

Build-A-Bear Workshop has appointed Jennifer Kretchmar as chief product officer and innovation bear. She will report to CEO Sharon John.

Build-A-Bear Workshop has appointed Jennifer Kretchmar as chief product officer and innovation bear. She will report to CEO Sharon John.

Kretchmar will lead the company's merchandising and product development teams and be responsible for product development, design, quality, sourcing, merchandising, planning and wholesale.

August 5, 2014

GNC has appointed senior retail industry executive Michael G. Archbold as CEO and member of the board, effective immediately. Archbold replaces chairman, president and CEO Joseph Fortunato, who is leaving the company and has stepped down from the board.

GNC has appointed senior retail industry executive Michael G. Archbold as CEO and member of the board, effective immediately. Archbold replaces chairman, president and CEO Joseph Fortunato, who is leaving the company and has stepped down from the board.

Lead independent director Michael Hines has been elected non-executive chairman.

August 1, 2014

Christopher & Banks has promoted Peter G. Michielutti to EVP, COO and CFO, just a day after the company named former National Stores executive Lynn C. Derry as SVP and general merchandise manager.

Christopher & Banks has promoted Peter G. Michielutti to EVP, COO and CFO, just a day after the company named former National Stores executive Lynn C. Derry as SVP and general merchandise manager.

The move is part of the company’s growth strategy.

Michielutti will be responsible for the company’s finance, accounting, internal audit, investor relations, real estate, tax, risk management, information technology and supply chain and logistics functions. He joined the company in April 2012 as SVP and CFO.

August 1, 2014

Conn’s has appointed William E. Saunders Jr. to its board of directors. Saunders will also become a member of the audit committee and the nominating and corporate governance committee.

Conn’s has appointed William E. Saunders Jr. to its board of directors. Saunders will also become a member of the audit committee and the nominating and corporate governance committee.

August 1, 2014

Retailers and suppliers who already operate in China or are looking to expand there may want to contact Kurt Salmon following several key hires by the consulting company.

Retailers and suppliers who already operate in China or are looking to expand there may want to contact Kurt Salmon following several key hires by the consulting company.

The management consulting firm’s Retail and Consumer Products Group in China said it hired Hao Li and Ke Chen as partners.

July 30, 2014

The retail industry is undergoing an unprecedented omnichannel transformation with an overwhelming majority of leading retailers aggressively reconfiguring supply chains to provide shoppers a seamless experience, according to a new study from Boston Retail Partners.

The retail industry is undergoing an unprecedented omnichannel transformation with an overwhelming majority of leading retailers aggressively reconfiguring supply chains to provide shoppers a seamless experience, according to a new study from Boston Retail Partners.
 
The omnichannel trend has been underway for many years now, but Boston Retail Partners indicates that more than 90% of retailers are pursuing omnichannel supply chain re-invention efforts the management consulting firm describes as “unified commerce.”
 

July 24, 2014

Rite Aid has appointed former Roundy’s executive Darren Karst as EVP and CFO, effective Aug. 20, to succeed Frank Vitrano, who has announced he will retire in Sept. 2015. Karst will report to Rite Aid’s chairman and CEO John Standley.

Rite Aid has appointed former Roundy’s executive Darren Karst as EVP and CFO, effective Aug. 20, to succeed Frank Vitrano, who has announced he will retire in Sept. 2015. Karst will report to Rite Aid’s chairman and CEO John Standley.

Karst will be responsible for all aspects of the company’s finance, accounting, treasury, tax, investor relations, legal, risk management, internal assurance and asset protection functions.

July 14, 2014

Unified Grocers has promoted Terry Bodwin to VP, chief human resources officer. She was previously VP, employee and labor relations.

Unified Grocers has promoted Terry Bodwin to VP, chief human resources officer. She was previously VP, employee and labor relations.

The appointment is part of a restructure designed to integrate and align all aspects of human resources company-wide. In her new role, Bodwin will report to Christine Neal, SVP, finance and treasurer.

July 9, 2014

Advance Auto Parts has appointed David Allen as SVP, supply chain management. Allen will report to Charles Tyson, EVP, merchandising, marketing and supply chain, and will be based in Raleigh, North Carolina.

Advance Auto Parts has appointed David Allen as SVP, supply chain management. Allen will report to Charles Tyson, EVP, merchandising, marketing and supply chain, and will be based in Raleigh, North Carolina.

Allen will lead the supply chain function in its efforts to support Advance’s stores and commercial customers. This includes developing strategies to support the integration of Advance’s supply chain with Carquest.

June 27, 2014

Annie's, a natural and organic food company, has added Robert W. Black, a senior adviser to the Boston Consulting Group and former group president of Kimberly-Clark Corporation, to its board of directors. Black will serve as chairman of the Annie's nominating/corporate governance committee.

Annie's, a natural and organic food company, has added Robert W. Black, a senior adviser to the Boston Consulting Group and former group president of Kimberly-Clark Corporation, to its board of directors. Black will serve as chairman of the Annie's nominating/corporate governance committee.

June 27, 2014

Chico's FAS has appointed Todd E. Vogensen as SVP, CFO, replacing Pamela Knous, who has left the company.

Chico's FAS has appointed Todd E. Vogensen as SVP, CFO, replacing Pamela Knous, who has left the company.

Prior to his appointment as CFO, Vogensen had been the company's SVP of finance. He will report to Kent Kleeberger, who himself filled the CFO spot from 2008 to 2011 and is currently EVP, COO.

June 20, 2014

Former AutoNation CFO Michael Short will become the new CFO at Toy’s “R” Us on June 23 to replace Clay Creasey who left the retailer after eight years.

Former AutoNation CFO Michael Short will become the new CFO at Toy’s “R” Us on June 23 to replace Clay Creasey who left the retailer after eight years.

June 19, 2014

Johnson & Johnson has added UPS chairman and CEO D. Scott Davis to its board as director. Davis will serve on the audit committee and the regulatory, compliance and government affairs committee.

Johnson & Johnson has added UPS chairman and CEO D. Scott Davis to its board as director. Davis will serve on the audit committee and the regulatory, compliance and government affairs committee.

Davis has been with UPS for 29 years and was appointed its CEO in 2008. Under his leadership, the company has expanded its logistics network reach and capabilities throughout Europe, Asia and the Americas. Davis plans to retire Sept. 1, and will remain non-executive chairman of UPS’ board.