Labor & Employment

Pleasanton, Calif. -- Safeway announced Monday that it has promoted its executive VP and CFO Robert Edwards to the position of president.

Edwards has held his current role since 2004. He will have overall responsibility for the company's retail operations, marketing, merchandising, corporate brands, manufacturing, distribution and finance functions, and will continue as CFO until a successor is named to the position.

Minneapolis -- Supervalu Inc. reported Tuesday that it swung to a loss of $424 million in the quarter ended Feb. 25, compared with a $95 million gain a year earlier. Results were negatively impacted by charges related to store closures and employee layoffs, but still beat Wall Street expectations.

ATLANTA — An organized retail theft ring that targeted 70 Home Depot stores in six states has been taken down by multi-agency task force after the arrest of three men in New Jersey, New York, and Pennsylvania. Two other suspects are still be sought. 

WOONSOCKET, R.I. — CVS Caremark has confirmed that Stuart McGuigan, SVP and CIO, will be leaving the company April 13.

CVS Caremark has initiated a search for his replacement, according to a company spokesperson.

McGuigan has served as SVP and CIO since December 2008. Before that, McGuigan was SVP and CIO of Liberty Mutual Group from September 2004 to December 2008, and was deputy CIO and SVP of Liberty Mutual from February 2004 to September 2004. From 2000 to February 2004, he was SVP information technology at Medco Health Solutions.

MATTHEWS, N.C. — Family Dollar Stores has named Jon Broz to the position of VP and assistant general counsel, litigation. Broz will report to James Snyder, Jr., SVP general counsel and secretary.

“We are excited to have someone with Jon’s breadth of retail litigation experience join our team,” said Snyder. “Jon has a strong reputation for working closely with his clients and seeking creative solutions to resolve disputes quickly and cost effectively.”

PLEASANTON, Calif. — Safeway has named Robert Edwards president of the company. Edwards has served as Safeway's EVP and CFO since 2004.

Edwards, 56, will have overall responsibility for the company's retail operations, marketing, merchandising, corporate brands, manufacturing, distribution and finance functions.  He will continue as CFO until a successor is named to the position.

Matthews, N.C. -- Family Dollar Stores has named Jon Broz to the position of VP and assistant general counsel, litigation.

Broz comes to Family Dollar from Lowe’s Cos.
 

NEW YORK— The ax has fallen at JCPenney. The company on Thursday laid off 600 workers from its corporate headquarters Plano, Texas, as its looks to streamline its business model amid a major reinvention of the business. The staff reduction, which equaled 13% to 14% of the headquarters staff, did not include any senior executives, according to The New York Times.

FRAMINGHAM, Mass. — Staples has nominated Dr. Drew Faust, president of Harvard University, to its board of directors. The election of directors will take place at the company’s annual meeting, scheduled for June 4.

Woonsocket, R.I. -- A report on Friday by the Wall Street Journal said that CVS Caremark CIO Stuart McGuigan has left the drugstore retailer, and will be holding the same position at Johnson & Johnson.

According to the report, originally published in CIO Journal, McGuigan will begin work later this month at J&J.

McGuigan joined CVS Caremark in 2008, and oversaw the post-merger IT integration of CVS and Caremark following their deal, which was completed in early 2007.