Corporate Responsibility

Woonsocket, R.I. - Mark Cosby will step down as president of CVS/pharmacy effective Dec. 31. As retail president, he has led the company since October 2011 with responsibility for all aspects of the company's retail business including its more than 7,600 retail stores, 19 distribution centers and retail merchandising, supply chain, marketing, real estate, front store and pharmacy operations.

Walmart International president and CEO Doug McMillon was given the nod over Walmart U.S. president and CEO Bill Simon to succeed Mike Duke as president of Wal-Mart Stores, Inc., the company announced Monday morning.

McMillon, 47, will join the board effective immediately, and succeed Duke, 63, on February 1, when Walmart’s new fiscal year begins. McMillon’s successor will be named before the end of the fiscal year, according to the company.

Staples has launched an online ink and toner recycling program. The online program is an expansion of the existing, in-store Staples Rewards ink and toner recycling program.

The online program enables Staples Rewards members to recycle empty ink and toner cartridges by printing a pre-paid shipping label to send their cartridges in for recycling and receive $2 back in Staples Rewards for each one

Duracell plans to donate up to 1 million batteries to Toys for Tots as part of its Power a Smile program, marking the brand's largest donation to the organization to date.

Walmart’s reputation took a pounding this week when well-intentioned efforts by employees to help co-workers at several stores were distorted by media outlets and a high profile celebrity who lapped up organized labor’s interpretation of the situation.

Sporting two wind turbines, nearly 850 solar panels and a geothermal system burrowed 550 ft. into the ground, Walgreens celebrated the official opening of what the retailer believes to be the nation’s first net-zero energy retail store, anticipated to produce energy equal to or greater than it consumes.

Former Accenture CFO Pamela Craig has joined the Walmart board and will serve on the retailer’s audit committee involved in a two year old investigation related to the Foreign Corrupt Practices Act.

Washington, D.C. - Earlier this month in Dhaka, Bangladesh, the International Labor Organization (ILO), technical experts from the Alliance for Bangladesh Worker Safety, the Accord on Fire and Building Safety, and the Bangladesh University of Engineering and Technology (BUET) came to agreement on a common, minimum criterion for fire and structural inspection safety standards, pending a few final modifications.

Cincinnati -- The Kroger Co. announced its succession plan for secretary and general counsel.

Paul W. Heldman, 62, a 31-year Kroger veteran who has been serving as the company's general counsel since 1989, secretary since 1992, and executive VP since 2006, will retire in the spring of 2014.

RadioShack has announced the retirement of Thomas G. Plaskett from the company's board of directors. Plaskett had served on the RadioShack board since 1986, and was a member of the audit and compliance committee as well as the corporate governance committee.

His retirement is effective immediately, and the company intends to begin a search for a new independent director to fill his board seat.