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International Business

  • Bob Evans Farms names three independent directors

    New Albany, Ohio - Bob Evans Farms Inc. has appointed Kevin M. Sheehan, president and CEO of Norwegian Cruise Line, Kathy S. Lane, former CIO of TJX Companies Inc., and Larry S. McWilliams, co-CEO of Compass Marketing, to its board of directors. E. Gordon Gee, 70, is stepping down from the board effective immediately, following his acceptance in March of the permanent position of president of the West Virginia University.

  • 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.

  • Petco appoints new financial chief

    Petco has named Larry Rutkowski as EVP and CFO.

    "Larry is a highly accomplished executive with a proven track record of successful financial leadership for both public and privately-held companies," said CEO Jim Myers. "His unique skillset and experience in a diverse array of industries will serve us well as we continue to advance Petco's leadership position in pet specialty. We're thrilled to add Larry to our executive team."

  • 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.

  • Estée Lauder taps new VP, corporate global communications

    The Estée Lauder Companies have named Christopher C. Giglio as VP, corporate global communications. He will report to Alexandra C. Trower, EVP, global communications.

  • Report: Elizabeth Arden hires Goldman to help possible sale

    Miramar, Fla. - Elizabeth Arden has reportedly hired Goldman-Sachs Inc. to help contact private equity firms and other possible buyers. According to Bloomberg, Elizabeth Arden is undergoing a sales process but has not made any definitive deals and may not wind up selling itself.

    The move to hire Goldman-Sachs comes after reports indicating that South Korean CPG firm LG Household & Health Care Ltd. was considering a takeover bid for the retailer.

     

  • Burger King Q1 net income grows on declining sales

    Miami – Consolidated net income at Burger King Worldwide Inc. grew 68.7% year-over-year during the first quarter of fiscal 2014, rising to $60.4 million from $35.8 million. In the same period, total revenues fell 26.5% to $240.9 million from $327.7 million.

    Systemwide same-store sales grew 2%. Burger King cited severe weather as negatively affecting North American sales, as well as the net refranchising of 327 company-owned stores during the quarter. The retailer attributed its net income growth to improvement in overseas EBITDA performance.

  • Starbucks plans 1,500 new stores, expanded offerings

    Seattle – Starbucks Coffee Corp. plans to open 1,500 new stores worldwide during 2014, including 600 in North America. Starbucks CEO Howard Schultz said that Starbucks is under-stored in many markets, including North America, during a conference call discussing the company’s second quarter financial results.

  • Wal-Mart changes Asia management structure

    Hong Kong -- Wal-Mart Stores Inc. is changing the management structure of its Asia operation with a series of promotions. Scott Price, currently president and CEO of Walmart Asia, will move to a senior management role as executive VP, international strategy and development, real estate, mergers and acquisitions, integration and purchase leverage, based at Wal-Mart's world headquarters in Bentonville, Arkansas.

  • Supervalu names two new board members

    Minneapolis -- Frank A. (Terry) Savage and Mathew M. Pendo have been elected to the Supervalu board of directors, effective April 24. Savage and Pendo were both appointed to the board as designees of Symphony Investors LLC, under the terms of a tender offer agreement entered into with Symphony Investors and Cerberus Capital Management in connection with Supervalu’s sale of five banners to an affiliate of Symphony Investors.

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