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Labor & Employment

  • Roundy’s names accounting exec CFO

    Milwaukee – The board of directors of Roundy’s Inc. has named Michael Turzenski, currently Roundy’s group VP and chief accounting officer, as group VP, CFO. Turzenski replaces Darren Karst, who is leaving the company to become CFO of Rite Aid Corp. as of Aug. 10.

    Turzenski has served in his current role since February 2012. Turzenski joined Roundy’s in 2007 as VP, controller.

     

  • Changing of the guard at Molson Coors

    After 40 years in the beer business, Molson Coors Brewing Company president and CEO Peter S. Swinburn is retiring from the company and its board of directors on December 31. The board has named Mark R. Hunter, currently CEO and president of Molson Coors Europe and a 25-year industry veteran, as his successor.

  • PepsiCo announces board changes

    PepsiCo announced that James Schiro has resigned from the company's board of directors for health reasons, effective immediately.

    Schiro is the former CEO of both Zurich Financial Services and PricewaterhouseCoopers. He was elected to PepsiCo's board of directors in 2003 and served as the company's presiding director from May 2010 to May 2013. Most recently, Schiro served on PepsiCo's nominating and corporate governance committee and its compensation committee.

  • American Apparel’s new board includes its first female director, and RadioShack CEO

    New York -- American Apparel Inc. announced  four new directors to its board, including the company’s first-ever female board member, Colleen Brown, a former CEO of Fisher Communications, and former Walgreens executive Joseph Magnacca, who took the reins as CEO of RadioShack last year.  

    The other new directors are  David Glazek, a partner with hedge fund Standard General, which holds a nearly 44% stake in American Apparel, and Thomas J. Sullivan, a director of Media General.

  • Oracle opening cloud development center in Seattle

    Redwood City, Calif. -- Oracle Corp. announced it is opening a cloud development center in Seattle, its first such center outside of California. The company, which plans to hire about 100 engineers to start, said it chose Seattle to take advantage of the “deep expertise” in cloud computing available in the city’s rapidly growing technical community.

  • Rite Aid names Roundy’s exec as CFO

    Camp Hill, Pa. -- Rite Aid Corporation announced that Darren Karst is joining Rite Aid as executive VP and CFO, effective Aug. 20.

    Karst succeeds Frank Vitrano, who has announced he will retire in September, 2015. Until then, Vitrano retains the chief administrative officer responsibilities for the company’s information technology, real estate and indirect procurement functions. He will also serve as a key resource in the development and execution of new business and growth initiatives.

  • Former Demoulas CEO wants to buy Market Basket

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  • New kid Foran pushes out old guard at Walmart U.S.

    By Sandy Skrovan, U.S. research director at Planet Retail

  • Walgreens president of pharmacy to retire

    Deerfield, Ill. -- Walgreens announced that  Kermit Crawford, president of  pharmacy, health and wellness, will retire, effective Dec. 31, after 31 years with the company. Crawford plans to join the University of Southern California’s School of Pharmacy, where will serve as executive in residence and senior adviser to the Dean. He also will serve as a senior counselor to Walgreens president and CEO Greg Wasson.



  • Supervalu profit plummets in Q1 on lost tax benefit

    Eden Prairie, Minn. – The loss of a large tax benefit caused Supervalu’s net income to plummet 49% in the first quarter of fiscal 2015 to $43 million from $85 million in the year-ago period.

    Revenue slipped to $5.23 billion from $5.24 billion.

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