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Labor & Employment

  • 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.

  • Walmart U.S. CEO Bill Simon steps down; to be replaced by CEO of Walmart Asia

    Bentonville, Ark. -- Wal-Mart Stores announced that Bill Simon, president and CEO of Walmart U.S. since June 2010, is leaving the company. He will be replaced by Greg Foran, 53, president and CEO of Walmart Asia, who will take up the post on Aug. 9, reporting directly Wal-Mart president and CEO, Doug McMillon. Simon will be available on a consulting basis for the next six months to ensure a seamless transition.

  • Report: Dick’s Sporting Goods lays off 478 golf pros

    Pittsburgh – Dick’s Sporting Goods Inc. has reportedly laid off 478 PGA golf pros who were providing in-store services such as golf lessons and club repairs. According to Fox Business, Dick’s made the cuts as golf sales and participation rates decline.

  • The meteoric rise of Greg Foran at Walmart

    Channeling his inner Sam Walton this week, Walmart CEO Doug McMillon rattled the company with the unexpected appointment of a relatively unknown newcomer to replace Bill Simon as CEO of its largest and most profitable division.

  • 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.

  • Greg Foran new CEO at Walmart U.S. as Bill Simon departs

    Walmart named Greg Foran president and CEO of its U.S. stores division to replace Bill Simon, who is leaving the company after an eight-year run.
     

  • Former Demoulas CEO wants to buy Market Basket

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  • 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.

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