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Sears CEO’s compensation valued at $9.9 million
New York -- The CEO of Sears Holdings Corp., Louis D'Ambrosio, received a compensation package in 2011 whose value was put at $9.9 million, according to a proxy statement filed with the Securities and Exchange Commission.
D'Ambrosio joined the company in February 2011. He received a base salary of $931,000. His stock awards totaled $8 million and his bonus was $150,000.
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Long-time Kroger exec to head Delta division
CINCINNATI — Long-time Kroger executive Tim Brown will now be responsible for stores in Western Tennessee, Kentucky, Mississippi, Arkansas and Missouri as president of the company's Delta division.
Brown, 52, has been VP operations in the company's division, based in Roanoke, Va., since 2011; before that he served as the Mid-Atlantic division's vice president of merchandising since 2009.