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Wal-Mart's Castro-Wright resigns MetLife board to focus on ‘protecting good name’
Bentonville, Ark. -- Amidst allegations of involvement in a foreign bribery scandal, Wal-Mart Stores vice chairman Eduardo Castro-Wright has vacated his seat on the board of life insurer MetLife, according to a Tuesday announcement by Wal-Mart.
In a letter to MetLife CEO Steve Kandarian, Castro-Wright said that the recent events at Wal-Mart would require his “immediate and personal attention. Accordingly, I now must focus my energy in spending personal time with my family and in protecting my good name and business reputation.”
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Stage Stores taps former JCP exec as chief merchant
HOUSTON — Mid-price apparel retailer Stage Stores has named Steven Lawrence as chief merchandising officer, effective April 30. Lawrence will be responsible for all of the merchandising, planning and allocation functions of the company.
Prior to joining Stage Stores, Lawrence spent 11 years with JCPenney, where he was most recently co-chief merchant EVP GMM men’s, kids and home.