Finance & Capital Management

Brian Cornell’s tenure as Target’s chairman and CEO begins on August 12. Don’t expect it to last long if his track record at other recent employers is any indication.
 
Cornell brings to Target an impressive roster of C-level positions at big name companies — PepsiCo, Sam’s Club, Michael’s, Safeway — but the 55-year-old executive didn’t stick around for long at any of them.
 

Pacific Sunwear’s SVP of women’s merchandising and design Christine Lee has resigned. Filling the role on an interim basis will be Brieane Breuer, who joined PacSun in 2007 and is the company's current VP of women's design.

Breuer received her master's degree in fashion design and styling from Istituto Marangoni and during the past 13 years has held various merchandising and design roles at high-end fashion brands such as Valentino, as well as at Abercrombie & Fitch.

Corpus Christi, Texas -- Susser Holdings Corp. has set a date for a special meeting of its stockholders to consider and vote on the previously announced proposed acquisition of Susser Holdings by Energy Transfer Partners L.P. (ETP) and certain other matters. The special meeting will be held on Aug. 28, at Susser's corporate offices.

Retail and consumer products veteran Brian Cornell was named chairman and CEO at Target to fill two of the three roles previously held by the company’s former top executive Gregg Steinhafel.

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.

York, Pa. -- The Bon-Ton Stores, Inc. announced the appointment of Kathryn Bufano to the position of president and CEO, effective Aug. 25. Bufano has served as the president and chief merchandising officer of Belk Inc. since 2010.

Bufano replaces outgoing president and CEO Brendan Hoffman, who announced his resignation.

Belk president and chief merchandising officer Kathryn Bufano was named president at CEO of The Bon-Ton Stores late Thursday.

Fortune Brands Home & Security has acquired Sentry Safe, a leading manufacturer of personal safes with estimated annual sales of $150 million. The transaction closed early this week for $117.5 million and was funded from the company's existing credit facilities.

Sentry Safe will become part of Master Lock, a leading padlock brand in North America. Sentry Safe is headquartered in Rochester, New York, and has approximately 500 employees, with manufacturing facilities in Rochester, New York, and Cannelton, Indiana.