Content about chief executive

March 31, 2014

Bicycle retailer BikeStreet announced the appointment of former Hhgregg executive VP & COO Gregg Throgmartin as CEO.

Fort Lauderdale, Fla. -- Bicycle retailer BikeStreet announced the appointment of former Hhgregg executive VP & COO Gregg Throgmartin as CEO. With 17 shops opened since the brand’s founding in 2012, BikeShop aims to acquire and/or open nearly 1,000 shops across the nation under Throgmartin’s leadership.   
 

February 6, 2014

Fairway Holdings Corp., operators of Fairway Markets, announced that CEO Herbert Ruetsch will retire after fifteen years with the company, including the last two years as chief executive.

New York -- Fairway Holdings Corp., operators of Fairway Markets, announced that CEO Herbert Ruetsch will retire after fifteen years with the company, including the last two years as chief executive.  Ruetsch will remain a special advisor to Fairway and continue to provide input into certain merchandising and product initiatives.

William Sanford, president of Fairway, will assume the role of interim CEO while the board undertakes a search for a permanent replacement.

November 25, 2013

Shopko on Monday named Peter McMahon, most recently COO of Loblaws, as its new CEO, effective immediately.

Green Bay, Wis. -- Shopko on Monday named Peter McMahon, most recently COO of Loblaws, as its new CEO, effective immediately. Loblaws is Canada’s largest food retailer with over $30 billion in sales.

At Loblaws, McMahon was responsible for supply chain, IT, HR, labor relations, merchandising, store operations and loss prevention functions. Prior to Loblaws, McMahon held various senior level positions with some of the world’s largest retailers, including Wal-Mart in Germany and Japan and Tesco in central Europe.
 

October 24, 2013

Sephora announced that Calvin McDonald has been named president and CEO of Sephora Americas, effective Jan. 1, 2014.

New York -- Sephora announced Thursday that Calvin McDonald has been named president and CEO of Sephora Americas, effective Jan. 1, 2014.

McDonald, who previously served as president and CEO of Sears Canada, succeeds David Suliteanu.

Suliteanu, who has helmed Sephora Americas since July 2000, will become CEO of Kendo Brands, which is owned by Sephora's parent, LVMH Moet Hennessy Louis Vuitton SA.

October 16, 2013

Toys “R” Us announced that Antonio Urcelay has been named chief executive, effective immediately, after serving as the company’s interim CEO since May of this year.

Wayne, N.J. -- Toys “R” Us announced that Antonio Urcelay has been named chief executive, effective immediately, after serving as the company’s interim CEO since May of this year. In other executive news, the retailer appointed a former Wal-Mart executive, Hank Mullany, as president of Toys “R” U.S., effective Nov. 5.

Urcelay, 61, who joined Toys “R” Us in 1996, had been president of the company's Europe business before being named interim CEO.

September 24, 2013

Sears Canada CEO Calvin McDonald has resigned to take a position with an unnamed international company.

Toronto – Sears Canada CEO Calvin McDonald has resigned to take a position with an unnamed international company. The retailer named COO and executive VP Douglas C. Campbell as president and CEO.

As COO, Campbell was responsible for retail store operations, logistics, replenishment, IT, corporate procurement, and international sourcing. Prior to joining Sears, Campbell was a principal with Boston Consulting Group and also an officer in the U.S. Marine Corps.

July 3, 2013

A lawsuit has been filed against Lululemon Athletica, accusing it of defrauding shareholders by hiding defects in yoga pants whose sheerness led to a costly product recall, and concealing talks that led to the sudden departure of its chief executive, Christine Day.

Vancouver, B.C. -- A lawsuit has been filed against Lululemon Athletica, accusing it of defrauding shareholders by hiding defects in yoga pants whose sheerness led to a costly product recall, and concealing talks that led to the sudden departure of its chief executive, Christine Day.  

February 14, 2013

Michaels Stores has named Chuck Rubin as CEO and a member of the board of directors.

Irving, Texas -- Michaels Stores has named Chuck Rubin as CEO and a member of the board of directors. Rubin is currently the president and CEO of Ulta Beauty.

Rubin will assume his new roles after a brief period of transition, at which time Michaels will discontinue the “Office of the Chief Executive Officer,” established on an interim basis in May 2012. Charles "Chuck" Sonsteby, a member of the Office of the CEO, will continue as Michaels’ CFO and chief administrative officer.

February 13, 2013

The search is on for a new chief executive of Toys “R” Us with the announcement that Gerald L. Storch is stepping down as CEO of the company.

Wayne, N.J. -- The search is on for a new chief executive of Toys “R” Us with the announcement that Gerald L. Storch is stepping down as CEO of the company. The news comes just weeks after the world's largest dedicated toy retailer reported that its same-store U.S. sales fell 4.5% during the holiday season, and that its total sales fell 4.7%. 

January 28, 2013

Macy’s announced a series of changes to its senior executive leadership team, effective immediately.

Cincinnati -- Macy’s on Monday announced a series of changes to its senior executive leadership team, effective immediately. The changes include the creation of the newly-created role of chief omni-channel officer, which will be filled by Robert B. Harrison, previously Macy’s EVP for omni-channel strategy. Harrison, who will join the company’s executive committee, will report directly to Macy’s chief executive Terry Lundgren.
 

January 3, 2013

The hunt is on for a new chief executive at Safeway following the resignation of longtime chairman and CEO Steve Burd.

New York -- The hunt is on for a new chief executive at Safeway following the resignation of longtime chairman and CEO Steve Burd.

Burd, 62, is scheduled to retire at the company’s annual stockholders meeting on May 14 and will aid in the search of his successor that is said to include internal and external candidates. Burd joined Safeway in October 1992 as president and was appointed CEO in May of the following year.

December 27, 2012

Some are merchants, with long careers in brick-and-mortar stores. Others are tech trailblazers, using new media to match merchandise and buyers. Others are influencing retail in less direct, but no less significant, ways. All share an ability to create new opportunities and, in their own way, are looking to reinvent the shopping experience. And all wield a great deal of influence in today’s complex retail landscape.

October 10, 2012

Following earlier reports that Shopko CEO Paul Jones had departed the company to pursue another opportunity, Payless Holdings has announced that Jones has stepped in as chief executive for the shoe chain.

Topeka, Kan. -- Following earlier reports on Wednesday that Shopko CEO Paul Jones had departed the company to pursue another opportunity, Payless Holdings has announced that Jones has stepped in as chief executive for the shoe chain.

Jones, whose appointment is effective Oct. 22 and whose retail history includes executive positions with Sears and Kohl’s, will be based in Topeka.

August 20, 2012

Best Buy Co. has named Hubert Joly, the former chief executive of global hospitality company Carlson, as the chain's new CEO and president.

Minneapolis -- Best Buy Co. has named Hubert Joly, the former chief executive of global hospitality company Carlson, as the chain's new CEO and president. Carlson, which operates such businesses as Radisson and T.G.I Friday's, announced Sunday that Joly resigned from that company.

August 15, 2012

Don’t let the grocery sector shake-ups fool you.

While there are individual failures, the category as a whole continues to find favor among developers that place a premium on having a traffic magnet in their shopping centers.

June 18, 2012

In an announcement that caught the retail industry by surprise, J.C. Penney Co. said that Michael Francis will be leaving the company, effective June 18.

Plano, Texas -- In an announcement that caught the retail industry by surprise, J.C. Penney Co. said that Michael Francis will be leaving the company, effective June 18. Chief executive Ron Johnson will assume direct responsibility and oversight of the company's marketing and merchandising functions.

June 7, 2012

Tuesday Morning Corp. said it has ousted CEO Kathleen Mason and will launch a search for a new chief executive.

Dallas -- Tuesday Morning Corp. said Wednesday it has ousted CEO Kathleen Mason and will launch a search for a new chief executive.

Mason was named president and CEO in 2000 and has come under fire as the closeout retailer has suffered slowing sales and widening losses.

Tuesday Morning also announced that executive VP and COO Michael Marchetti has been promoted to president and COO and will service as interim CEO until a successor for Mason is found.

May 24, 2012

The world’s second largest retailer behind Wal-Mart said that its leadership will change hands earlier than planned.

Paris -- The world’s second largest retailer behind Wal-Mart said Thursday that its leadership will change hands earlier than planned. France's Carrefour said that current CEO Lars Olofsson had retired at a board meeting on Wednesday, and that incoming chief Georges Plassat will take over as chief executive immediately.

Plassat joined Carrefour last month as COO. He was supposed to make his CEO transition effective June 18. He will take charge of an aggressive turnaround effort intended to reverse years of underperformance.
 

April 11, 2012

Best Buy’s announcement on Tuesday morning that its CEO Brian Dunn had resigned the company by mutual agreement has been updated with information that a review is being conducted concerning the former chief executive’s personal conduct.

Minneapolis -- Best Buy’s announcement on Tuesday morning that its CEO Brian Dunn had resigned the company by mutual agreement has been updated with information that a review is being conducted concerning the former chief executive’s personal conduct.

Best Buy initially said that there were no disagreements or specific problems related to the retailer’s operations, financial controls or procedures. But later in the day on Tuesday it said the company was conducting an internal investigation into his “personal conduct.”

January 23, 2012

As was previously announced, American Eagle Outfitters Inc. longtime chief executive James O'Donnell will step down Saturday and be replaced by former Levi's executive Robert Hanson.

New York City -- As was previously announced, American Eagle Outfitters Inc. longtime chief executive James O'Donnell will step down Saturday and be replaced by former Levi's executive Robert Hanson.

O'Donnell, 70, said early last year he planned to retire. Hanson was named as his successor in November.

In addition, Jay Schottenstein, non-executive chairman, has become executive chairman.
 

January 3, 2012

Sears Holdings Corp. hired Ron Boire, the former president and chief executive of Brookstone Inc. to lead its merchandising and retail stores for both the Sears and Kmart brands.

New York City -- Sears Holdings Corp. hired Ron Boire, the former president and chief executive of Brookstone Inc. to lead its merchandising and retail stores for both the Sears and Kmart brands. Prior to Brookstone, Boire served as president, U.S. Toys, North America for Toys “R” Us from 2006 to 2009, where he was in charge of merchandising, marketing and operations

"We are in the midst of a transformation of our business, from top to bottom...," Sears CEO Lou D'Ambrosio said in a statement on Tuesday.

December 21, 2011

Change at the top is an inevitable fact of life in any profession, and retail is no exception. While the reasons behind the need to find a new chief executive vary widely, the incoming executives face a common challenge: taking the business — be it faltering or thriving — forward without missing a beat.

November 23, 2011

The new year will see a changing of the guard in the chief executive’s office of several big retailers. Here are four to watch:

The new year will see a changing of the guard in the chief executive’s office of several big retailers. Here are four to watch:

Costco
The torch has been passed at Costco Wholesale Corp., with president and COO Craig Jelinek stepping into the very big shoes of the company’s longtime chief executive and co-founder Jim Sinegal (effective January 1, 2012).

September 1, 2011

Jim Sinegal, the much-admired CEO and co-founder of Costco Wholesale Corp., plans to step down effective Jan. 1.

Issaquah, Wash. -- Jim Sinegal, the much-admired CEO and co-founder of Costco Wholesale Corp., plans to step down effective Jan. 1. The chain said its board has elected the company's current president and COO, Craig Jelinek, to succeed Sinegal.

“Costco has a very strong culture and a deep bench of management talent," said Sinegal. "I have total confidence in Craig's ability to handle his new responsibilities and feel we are fortunate as a company to have an executive of his caliber to succeed me as chief executive of Costco."

June 23, 2011

A report released Thursday by The Conference Board said that the rate of dismissal of CEOs in the S&P 500 due to disciplinary actions has increased in recent years, while 25% of boards of directors facing a chief executive succession have opted for an outside hire.

New York City -- A report released Thursday by The Conference Board said that the rate of dismissal of CEOs in the S&P 500 due to disciplinary actions has increased in recent years, while 25% of boards of directors facing a chief executive succession have opted for an outside hire.

According to the 2011 CEO Succession Report, 51 CEOs in the S&P 500 left their post in 2010, making the rate of CEO succession approximately 10%, consistent with the average number of annual succession announcements from 2000 through 2009.