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August 21, 2014

Christopher Finazzo, former executive VP and chief merchandising officer for Aeropostale, has been sentenced to eight years in prison after being convicted of defrauding the company and taking more than $25 million in kickbacks from a key vendor.

New York -- Christopher Finazzo, former executive VP and chief merchandising officer for Aeropostale, has been sentenced to eight years in prison after being convicted of defrauding the company and taking more than $25 million in kickbacks from a key vendor.

Finazzo, who was found guilty in April 2013 of 14 counts of mail fraud, wire fraud and conspiracy, was also ordered to forfeit more than $25 million and pay the company $13.7 million in restitution.

August 15, 2014

Darden Restaurants Inc. has retained global executive search firm Russell Reynolds Associates to assist the company with the recruitment of its next CEO.

Orlando, Fla. - Darden Restaurants Inc. has retained global executive search firm Russell Reynolds Associates to assist the company with the recruitment of its next CEO. As previously announced, Clarence Otis is stepping down as chairman and CEO of Darden.  

To ensure a smooth transition, Charles A. Ledsinger Jr. has been appointed independent non-executive chairman of the board, and Mr. Otis has agreed to continue serving as CEO of Darden until the earlier of the appointment of his successor or Dec. 31, 2014.

August 14, 2014

Following Walgreens' announcement last week about taking the next step in acquiring Alliance Boots, Alex Gourlay, executive VP Walgreens Boots Alliance and president of Walgreens, announced a proposed operational organization structure in a letter to Walgreens employees.

Deerfield, Ill. -- Following Walgreens' announcement last week about taking the next step in acquiring Alliance Boots, Alex Gourlay, executive VP Walgreens Boots Alliance and president of Walgreens, announced a proposed operational organization structure in a letter to Walgreens employees.
 

August 13, 2014

Southern department store chain Belk has promoted Jan Clevenger from chair of the company’s Western Division in Birmingham, Alabama, to the position of executive VP and general merchandise manager over Men’s, Home and Kids.

Charlotte, N.C. -- Southern department store chain Belk has promoted Jan Clevenger from chair of the company’s Western Division in Birmingham, Alabama, to the position of executive VP and general merchandise manager over Men’s, Home and Kids.

David Luoma has been promoted to succeed Clevenger in the Western Division chair position.

August 13, 2014

XO Group Inc., parent company of online maternity and wedding retailers such as TheBump.com and TheKnot.com, has named Dhanusha Sivajee as executive VP marketing, responsible for overseeing the brand, consumer marketing, partnerships and communications.

New York – XO Group Inc., parent company of online maternity and wedding retailers such as TheBump.com and TheKnot.com, has named Dhanusha Sivajee as executive VP marketing, responsible for overseeing the brand, consumer marketing, partnerships and communications. Sivajee joined XO Group from AOL, where she served as chief marketing officer for the AOL Brand Group and drove audience growth across AOL's portfolio of digital brands.

August 8, 2014

Faith Hope Consolo, chairman, and Joseph Aquino, executive VP, along with Arthur Maglio of Douglas Elliman's Retail Group are bringing fashion designer Victor de Souza to a pop up boutique at 2312 Adam Clayton Powell Blvd. as he prepares for his New York Fashion Week debut on Sept. 3.

New York -- Faith Hope Consolo, chairman, and Joseph Aquino, executive VP, along with Arthur Maglio of Douglas Elliman's Retail Group are bringing fashion designer Victor de Souza to a pop up boutique at 2312 Adam Clayton Powell Blvd. as he prepares for his New York Fashion Week debut on Sept. 3.

August 6, 2014

Target Corp. has added its name to a legal defense of gay marriage. The move comes four years after the company was criticized for supporting a strident opponent of same-sex unions.

New York -- Target Corp. has added its name to a legal defense of gay marriage. The move comes four years after the company was criticized for supporting a strident opponent of same-sex unions.

Target signed a court brief backing marriage equality in a pending court case and publicly declared its support of gay marriage, joining the likes of Starbucks, Apple and Intel.

August 4, 2014

Panera Bread Company announced that Roger Matthews, executive VP and CFO, has resigned his position to pursue other opportunities.

St. Louis -- Panera Bread Company announced that Roger Matthews, executive VP and CFO, has resigned his position to pursue other opportunities.

Effective Aug. 6, Bill Moreton, executive vice chairman of Panera Bread, will serve as interim CFO as the company conducts a search for a full-time replacement. Moreton has previously held the positions of CEO, co-chief executive officer and CFO of Panera Bread. Matthews will transition his remaining duties through the end of August.

August 4, 2014

Walgreens on Monday named Timothy McLevish as Walgreens executive VP and CFO, effective immediately.

Deerfield, Ill. — Walgreens on Monday named Timothy McLevish as Walgreens executive VP and CFO, effective immediately. He will lead all of Walgreens' finance functions as the company prepares to move forward with the proposed second step of its strategic partnership with Alliance Boots.
 

August 1, 2014

Christopher & Banks Corporation announced that Peter G. Michielutti has been promoted to executive VP, COO and CFO, effective immediately.

Minneapolis -- Christopher & Banks Corporation announced that Peter G. Michielutti has been promoted to executive VP, COO and CFO, effective immediately.

Michielutti was previously senior VP and CFO, having joined the company in April 2012.

August 1, 2014

Christine Lee has been appointed executive VP and chief merchandising officer, starting on Sept. 3.

Foothill Ranch, Calif. - Christine Lee has been appointed executive VP and chief merchandising officer, starting on Sept. 3. Lee served as senior VP/general merchandise manager, women’s apparel, accessories and design at Pacific Sunwear of California Inc since 2010.

Prior to Pacific Sunwear, Lee spent 18 years with Urban Outfitters Inc. Brieane Breuer, who joined PacSun in 2007 and is the company's current VP of women's design, will replace Lee on an interim basis.

 

July 31, 2014

The Home Depot Inc. has promoted Ted Decker to executive VP of merchandising, effective Aug. 4.

Atlanta – The Home Depot Inc. has promoted Ted Decker to executive VP of merchandising, effective Aug. 4. Decker is a 14-year veteran of The Home Depot, where he most recently served as senior VP of retail finance, pricing analytics and assortment planning.

July 24, 2014

American Apparel Inc. announced four new directors to its board, including the company’s first-ever female board member, Colleen Brown, a former CEO of Fisher Communications, and former Walgreens executive Joseph Magnacca, who took the reins as CEO of RadioShack last year.

New York -- American Apparel Inc. announced  four new directors to its board, including the company’s first-ever female board member, Colleen Brown, a former CEO of Fisher Communications, and former Walgreens executive Joseph Magnacca, who took the reins as CEO of RadioShack last year.  

The other new directors are  David Glazek, a partner with hedge fund Standard General, which holds a nearly 44% stake in American Apparel, and Thomas J. Sullivan, a director of Media General.

July 24, 2014

Rite Aid Corporation announced that Darren Karst is joining Rite Aid as executive VP and CFO, effective Aug. 20.

Camp Hill, Pa. -- Rite Aid Corporation announced that Darren Karst is joining Rite Aid as executive VP and CFO, effective Aug. 20.

Karst succeeds Frank Vitrano, who has announced he will retire in September, 2015. Until then, Vitrano retains the chief administrative officer responsibilities for the company’s information technology, real estate and indirect procurement functions. He will also serve as a key resource in the development and execution of new business and growth initiatives.

July 21, 2014

Dirk Montgomery, executive VP and CFO of Ascena Retail Group Inc. since January 2013, has accepted a position with a healthcare-related company based in Florida.

Mahwah, N.J. - Dirk Montgomery, executive VP and CFO of Ascena Retail Group Inc. since January 2013, has accepted a position with a healthcare-related company based in Florida. Ascena has initiated a search process for a new CFO.

Montgomery has agreed to remain through the end of the summer. Randy Pearce, a member of Ascena’s board of directors, chair of the Audit Committee, and former CFO of Regis Corp. from 1998 to 2011, will increase his involvement in overseeing the company’s finance department during the transition.

July 21, 2014

British retailing giant Tesco Plc on Monday said CEO Philip Clarke would step down in October, to be replaced by 27-year Unilever executive Dave Lewis, with the change effective Oct. 1.

New York -- British retailing giant Tesco Plc on Monday said CEO Philip Clarke would step down in October, to be replaced by 27-year Unilever executive Dave Lewis, with the change effective Oct. 1. Clarke, who has been with Tesco for 40 years, will remain with the retailer until January 2015.

July 18, 2014

DHgate.com, an e-commerce marketplace focused on cross-border trade of Chinese goods, has hired several new executives.

San Francisco - DHgate.com, an e-commerce marketplace focused on cross-border trade of Chinese goods, has hired several new executives. These include COO Noah Herschmann, who previously held management roles at Amazon, Groupon, Asia, Staples China and Tweeter.

July 17, 2014

The focus of c-suite and senior executive attention has shifted from economic uncertainty to data, technology and the supply chain, according to the Global Top of Mind Survey from KPMG International and the Consumer Goods Forum.

Paris -- The focus of c-suite and senior executive attention has shifted from economic uncertainty to data, technology and the supply chain, according to the Global Top of Mind Survey from KPMG International and the Consumer Goods Forum. Over half (54%) of respondents cited digital strategy for mobile/digital platforms as top of mind for their business during the next 12 months.

July 17, 2014

Loblaw Cos. on Thursday announced a series of management changes, including the appointment of Galen Weston, executive chairman, as president, effective immediately.

Brampton, Ontario -- Loblaw Cos. on Thursday announced a series of management changes, including the appointment of Galen Weston, executive chairman, as president, effective immediately. He succeeds Vicente Trius, president since August 2011, who is leaving the company, effective immediately,  for family reasons to return to Brazil.

July 15, 2014

Simon has named retail and real estate executive Stephen Yalof as CEO of premium outlets and senior executive VP of Simon.

Indianapolis – Simon has named retail and real estate executive Stephen Yalof as CEO of premium outlets and senior executive VP of Simon. Yalof has served as senior VP of real estate for Ralph Lauren Corp. since 2002.
 
His 15 years of experience within the retail industry also includes his role as senior director of real estate for Gap. Yalof began his career in real estate at New Plan Realty Trust, and became VP of leasing for their factory outlet business. 

 

July 11, 2014

DWM Facilities Maintenance announces today the promotion of Paul Meeks to executive VP of projects.

Latham, New York -- DWM Facilities Maintenance announces today the promotion of Paul Meeks to executive VP of projects.  Meeks was an integral part of founding DWM with his brother David and has been with the company since its inception in 1997.

July 10, 2014

Kevin Mead, the former senior VP, director of Stores for The Children's Place, has joined the senior team at Aerosoles as executive VP, retail reporting directly to CEO Jules Schneider.

Edison, N.J. -- Kevin Mead, the former senior VP, director of Stores for The Children's Place, has joined the senior team at Aerosoles as executive VP, retail reporting directly to CEO Jules Schneider. Mead will lead the strategic direction, ongoing expansion and operations of Aerosoles retail and outlet locations.

July 9, 2014

Women’s apparel retailer Bebe has selected digital experience management platform provider Qubit to provide a wide reaching and bespoke A/B testing, website optimization and personalization program designed to increase conversion rates.

New York -- Women’s apparel retailer Bebe has selected digital experience management platform provider Qubit to provide a wide reaching and bespoke A/B testing, website optimization and personalization program designed to increase conversion rates.

While Bebe retains a strong physical store presence in prime locations globally, the retailer is now looking to establish itself as an ecommerce market leader by honing its online and mobile strategy — a plan that will kick off with the launch of a new responsive mobile site in the coming weeks.

July 7, 2014

Gordmans Stores on Monday announced that Amy Starr Myers has joined Gordmans' executive leadership team as senior VP of marketing.

Omaha, Nebraska -- Gordmans Stores on Monday announced that Amy Starr Myers has joined Gordmans' executive leadership team as senior VP of marketing. The retailer also announced that Stacey M. Townsend will launch the Gordmans e-commerce business as VP and general manager of e-commerce.

Myers most recently was vice president of marketing and creative services at Things Remembered, the nation's largest retailer of personalized gifts.

July 7, 2014

Target Corp. on Monday announced three executive hires who will have responsibilities for leading teams across its information technology, e-commerce and digital product teams.

Seattle -- Target Corp. on Monday announced three executive hires who will have responsibilities for leading teams across its information technology, e-commerce and digital product teams.

Jim Fisher was named senior VP, infrastructure and operations, Target Technology Services, where he will oversee Target’s technical infrastructure and operations. Immediately before Target, Fisher was senior VP of global infrastructure operations at First Data Corporation.