Labor & Employment

Retired KPMG International chairman Timothy Flynn was named to the Walmart board of directors on Monday amid ongoing investigations into whether the company violated the Foreign Corrupt Practices Act.

ATLANTA — Coca-Cola has streamlined its operating structure and the senior leaders for those businesses, the company said.

MINNEAPOLIS — Supervalu on Monday named Wayne Sales, a Canadian hall-of-fame-caliber retailer, as the company's president and CEO, replacing Craig Herkert.

“In my new role, I will work closely with our leadership team to improve our sales and earnings trajectory and generate long-term shareholder value, focusing relentlessly on identifying factors that will drive meaningful improvements in our strategy execution and overall performance,” Sales stated.

Birmingham, Ala. -- Books-A-Million has named Michael Rediker as corporate development analyst. Rediker will be responsible for identifying, analyzing and implementing strategic corporate initiatives within the organization, including new business growth opportunities.

Rediker was most recently with the investment banking firm Paces Battle Group Inc. where he also provided a broad array of transactional and other corporate finance services to bank and thrift clients.

New York -- Richard Schulze, the founder of Best Buy, is recruiting a team of managers to run the company should his attempt to take the company private be successful, according to a report by Bloomberg.

“He is talking to people he trusts. There is a small group he’d like to have with him in righting the ship,” J.D. Wilson, senior VP of enterprise capabilities, said in an interview with Bloomberg.

Wilson said his position is being eliminated as part of Best Buy’s planned cutbacks.

San Francisco -- Williams-Sonoma has named Julie Whalen as permanent CFO. Whalen replaces Sharon McCollam, who retired in March. Whalen had been serving as acting CFO since McCollam retired.

Whalen joined Williams-Sonoma, which operates namesake stores, Pottery Barn, West Elm, and other stores, in 2001 and has served in a variety of positions, including treasurer.

Minneapolis -- Supervalu Inc. said on Monday that its chairman Wayne Sales has been named president and CEO. He replaces Craig Herkert as CEO.

An “exclusive” report from Reuters this week suggests U.S. authorities are poised to put the retail industry under the microscope as a result of Walmart’s bribery scandal in Mexico.

HAMILTON, BERMUDA — Specialty retail jeweler, Signet Jewelers, has named a Procter & Gamble executive to its board of directors.

Virginia Drosos, group president global beauty, skin, cosmetics and personal care for Procter & Gamble, who will retire from this position effective Sept. 1, joined the Signet board on July 25.

Manhattan Associates announced a CEO succession plan in conjunction with strong second quarter results that saw the provider of supply chain optimization services increase its full year profit forecast.