Labor & Employment

Hoffman Estates, Ill. – Sears Holdings Corp. is selling most of its 51% stake in its Sears Canada division to shareholders as its looks to boost its liquidity before the crucial holiday selling season. Sears, which previously said it was exploring options for the struggling Sears Canada unit and retained Bank of America Merrill Lynch in May 2014, expects to raise as much as $380 million by November 2014. 

The Bon-Ton board of directors has added Beth Grumbacher, daughter of board chairman and strategic initiatives officer Tim Grumbacher, to its ranks, expanding the number of members to 10.

Vantiv, a leading provider of payment processing services and related technology for merchants and financial institutions, has appointed Larry Drury as its chief marketing officer. Drury will report directly to CEO Charles Drucker.

Phoenix -- Molly Busch has joined the Capital Markets group of commercial real estate firm CBRE Group Inc. in Phoenix. A senior associate, Busch will partner with VP Andrew Fosberg.

The duo focuses on investment sales with an emphasis in retail properties. Busch comes to CBRE from Grand Canyon University, where she was the director of marketing for athletics and fan development.

Washington, D.C. -- Madison Marquette Retail Services (MMRS), a national real estate development, leasing and management firm specializing in infill, mixed-use, community and specialty retail properties, has named Lori Coleman VP, management services, California. In her new role, Coleman will oversee the company’s entire California portfolio, which includes 4.8 million sq. ft. across 18 properties.

Toano, Va. – Lumber Liquidators is promoting Ray Cotton to senior VP, chief compliance and sustainability officer. Cotton, previously VP, chief compliance and sustainability officer, will continue to manage Lumber Liquidators' quality assurance, sustainable sourcing, loss prevention, risk management and compliance with legal and regulatory requirements of global trade.

Greensboro, N.C. -- VF Corporation announced that senior VP and CFO Robert K. Shearer will retire in March 2015, after 28 years with the company. Scott A. Roe, 49, currently VP, controller and chief accounting officer, will succeed Shearer as CFO.

Lumber Liquidators has promoted Ray Cotton to SVP, chief compliance and sustainability officer. Cotton will continue to report directly to president and CEO Robert Lynch.  

Branded lifestyle apparel and footwear company VF Corporation has promoted Scott A. Roe, currently VP, controller and chief accounting officer, as CFO. Roe replaces SVP and CFO Robert K. Shearer, who announced plans to retire in March 2015, after 28 years with the company.

Mars Petcare has opened a state-of-the-art, Gold-LEED certified $110 million global innovation center in Thompson's Station, Tennessee. The new campus is the third Mars Petcare innovation center and first in the United States.

The company selected the location in Thompson's Station in part because Tennessee is home to Mars facilities in Cleveland, Chattanooga, Lebanon and Franklin (two locations).