Finance & Capital Management

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.
 

Lakeland, Fla. – Net earnings at Publix Super Markets slightly increased to $404.1 million in the second quarter of fiscal 2014 from $400.1 million in the year-ago period.

Net sales rose about 7% to $7.5 billion from $7 billion, aided by the shift of the Easter holiday to the second quarter of the current fiscal year from the first quarter of the previous fiscal year. Same-store sales rose 6.3%.

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.

Tewksbury, Mass. – The Attorney General’s offices of Massachusetts and New Hampshire have warned the Market Basket supermarket chain that it must follow the letter of the law in terminating any employees involved in walkouts and demonstrations that have been occurring since July 18. According to the Boston Globe, a joint letter to Market Basket co-CEOs Felicia Thornton and James Gooch from the two offices states that they are aware Market Basket may start replacing workers on Aug. 4.

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.

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.

San Jose, Calif. – EBay Inc. has released its 2014 diversity report. The online auction retailer, whose global workforce is 58% male and global workforce is 61% white, says it has made improvements in workforce diversity but still has progress to make.

EBay’s global leadership is 72%, while its global technology wotkforce is 76% male. The non-tech workforce is much more gender-diverse, with a slight 51% male majority.