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Finance & Capital Management

  • Dodging Liability: Strategies for avoiding costly and consuming injury claims

    By Amanda J. Podlucky, Marshall Dennehey Warner Coleman & Goggin

  • Kodak appoints new SVP, director of sales strategy and operations

    Eastman Kodak Company has named Eric-Yves Mahe as SVP and director of sales strategy and operations. The board of directors also has elected Mahe a corporate officer of Kodak, making him a member of the company’s executive council.

    In this newly created role, Mahe will be responsible for formulating a strategy to drive and measure sales of Kodak’s portfolio of hardware, consumables, software and services. Mahe also will advise Kodak’s senior management team on software, OEM partnerships and the sale of complex solutions.

  • Sunoco to acquire c-store operator Susser Holdings for $1.8 billion

    New York -- Energy Transfer Partners, parent company of Sunoco, plans to acquire Susser Holdings Corp in a stock-and-cash deal valued at $1.8 billion.

    Susser operates 630 convenience stores under the Stripes and Pac-N-Sac banners, in Texas and surrounding states. Sunoco operates more than 5,000 stores, primarily on the East Coast.

  • New office of the president at Stein Mart

    Stein Mart’s board of directors has appointed D. Hunt Hawkins and Brian R. Morrow to share the newly created office of the president. Both men will continue to report to CEO Jay Stein.

    "Hunt and Brian have made significant contributions in the success of the company," said Stein. "Their promotions are a testament to their leadership that has built a team that has produced seven consecutive quarters of comp store gains, a dramatic departure from the achievements of past management, and reflect the confidence the board and I have in them."

  • Flip Flop Shops to open 20 Caribbean franchise stores

    Atlanta - Flip Flop Shops has signed a master franchise agreement with Happy Toes Caribbean that calls for the establishment and development of at least 20 new shops throughout the islands, the first of which will open in Aruba in late 2014. The master franchise rights agreement also covers the management of three established stores in St. Thomas, St. Maarten and Curacao.

  • Wal-Mart records $151 million net loss on India transaction

    Bentonville, Ark. – Wal-Mart Stores Inc. incurred a net loss of $151 million in the process of ending its partnership with former Indian partner Bharti Enterprises. According to Wal-Mart financial statements, in October 2013 the retailer paid $100 million for Bharti’s 50% interest in Bharti Wal-Mart Pvt. Ltd., which operates 20 wholesale stores in India.

  • Petco names CFO

    San Diego -- Petco has named Larry Rutkowski as executive VP and CFO. Prior to joining Petco, Rutkowski served as  executive VP and CFO for The Warnaco Group, an American textile and clothing corporation, and Primedia, a consumer advertising, new media and publishing company, both in New York.

    Previously, he also held senior financial leadership positions at General Electric and Walt Disney Company.

     

  • Goal Zero taps former REI SVP Lee Fromson as president, COO

    Goal Zero, innovator of portable solar power systems, has appointed former REI SVP of merchandising Lee Fromson to president and COO.

    The company has also made strategic changes to its executive team, with current president and CEO Joe Atkin assuming the role of co-chairman of the board, and founder and chief creative officer Robert Workman becoming CEO.

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