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Former Nike exec named CEO of Spanx
Atlanta — Shapewear wholesaler and retailer Spanx announced that Jan Singer has been named CEO of the company. She joins Spanx from Nike, where she held various senior leadership roles, including corporate VP of global apparel and corporate VP of global footwear.
Singer, who will report to Spanx founder and owner Sara Blakely, is expected to come on board in early July. Gregg Ribatt, interim CEO, will assist Singer through a transition, and then continue to serve on the company’s board of advisors.
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Wal-Mart names Greg Penner, Rob Walton’s son-in-law, as vice chairman
New York — Wal-Mart Stores named Greg Penner, 44, to the new role of vice chairman, a move that positions him to be a successor to chairman Rob Walton. Penner, 44, is Walton’s son-in-law and has served on the board since 2008. The appointment was announced Friday morning at the company's shareholders' meeting.
The move strengthens the Walton family’s control of the board. Walton, 69, is the son of Wal-Mart founder Sam Walton.