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  • Crosman Corporation names new VP, manufacturing

    ROCHESTER, N.Y. — Crosman Corporation, an international designer, manufacturer and marketer of a wide range of products for the shooting sports, has named Lenn Phegley as its VP of manufacturing. Phegley replaces Dan Schultz, who retired after 39 years of service.  

    In his new position, Phegley will oversee all manufacturing operations, as well as the company’s environmental, health and safety, manufacturing engineering, design engineering and quality assurance functions.

  • Hedge fund adds former Home Depot, Staples execs to aid Office Depot fight

    New York -- A Tuesday report by the Wall Street Journal said that activist hedge fund Starboard Value has added former Home Depot and Chrysler executive Robert Nardelli and ex-Staples vice chairman Joseph Vassalluzzo as advisors – part of Starboard’s plan to make sweeping changes at Office Depot Inc.

    According to a Monday filing, Nardelli and Vassalluzzo will provide counsel toward improving Office Depot’s operations and strategies.

  • Ex Home Depot exec named new HoneyBaked VP, HR

    ATLANTA — Former Home Depot executive Michael Esposito has joined HoneyBaked as its new VP, human resources, a newly created position. Esposito previously served as director of associate relations for the Home Depot’s northern division.

  • Target holiday tour across Canada heralds planned store openings

    Mississauga, Ontario -- Target will sponsor a tour across Canada that will visit more than 20 communities ahead of the planned opening of its stores in the country, the retailer said Tuesday.

    The tour will start in Halifax, Nova Scotia, and conclude in British Columbia in the middle of December. Target plans to open 124 stores in Canada starting in March and April 2013.

  • J.C. Penney sourcing executive suddenly departs

    Plano, Texas -- A Friday report by Business Insider said that Ken Mangone, executive VP product development, design and sourcing for J.C. Penney Co., has abruptly resigned the company.

    Mangone has been with the retailer since 1977 and is credited with helping to establish J.C. Penney’s private brands.

    “We can confirm that Ken Mangone is no longer with the company,” a J.C. Penney spokesman told Business Insider. “We wish Ken continued success and thank him for his years of service….”

  • Head of S.E.C. to step down

    New York -- Mary L. Schapiro, the first woman to be permanent chairman of the U.S. Securities and Exchange Commission, announced she will step down on Dec. 14.

    Schapiro was appointed head of the SEC by President Obama in 2008, one month after the Bernie Madoff scandal emerged, and she officially took office in 2009 at the peak of the financial crisis. Many experts say her four years were the toughest stretch any SEC chief has faced.

  • Coca-Cola to expand women's economic empowerment initiative

    ATLANTA — Coca-Cola has seen strong progress toward its goal to place 5 million women entrepreneurs across the Coca-Cola value chain by 2020 and plans to expand its initiative.

    Called the 5by20 initiative, the program launched originally in four pilot countries: Brazil, India, South Africa and the Philippines. Coca-Cola plans to broaden its scope to a total of 12 countries, adding China, Costa Rica, Egypt, Haiti, Kenya, Mexico, Nigeria and Thailand. By the end of 2012, 5by20 will reach 300,000 women.

  • Starbucks opens 100th store in Beijing

    Beijing -- Starbucks Coffee Co. advanced its growth plans in China with the opening of its 100th store in Beijing. The company also announced the launch of Starbucks China University, its talent development program.

    Starbucks has announced that China will be its second largest market by 2014 and will have 1,500 stores by 2015 across more than 70 cities. It currently operates 700 locations throughout Mainland China.”

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