Trading Partners

Former Walmart CEO Lee Scott and Audit Committee chairman Christopher Williams leave some big shoes to fill when they step down from the retailer’s board in June.

Boca Raton, Fla. – Real estate investment firm The Herrick Company Inc., has acquired 44 retail/pharmacy properties located throughout the U.S. The properties, all of which are occupied under long-term triple net leases with CVS Caremark, were acquired for approximately $190 million.

Supervalu has elected Frank (Terry) Savage and Mathew Pendo to its board of directors.

Savage and Pendo were both appointed to the board as designees of Symphony Investors, a Cerberus Capital Management-led investor consortium, under the terms of the tender offer agreement entered into with Symphony Investors and Cerberus in connection with Supervalu’s sale of five banners to an affiliate of Symphony Investors. Symphony Investors owns approximately 20.9% of Supervalu’s outstanding common stock.

Mississauga, Canada - Federal Express Canada Ltd. has reached an agreement with Home Hardware Stores Ltd. that allows individual dealer-owners the ability to house full-service FedEx Authorized ShipCenters within their stores. The FedEx Authorized ShipCenters will be rolled out across Canada in a series of implementation waves throughout the year.

Bentonville, Ark. -- Wal-Mart Stores, Inc. announced Wednesday that its former president and CEO Lee Scott will not seek re-election to the company’s board of directors.

As well, current board member Chris Williams will not stand for re-election to the board of directors at Walmart’s Annual Shareholders’ meeting on June 6.

Lost Angeles — CBRE Group has announced that John Ferguson has been promoted to president, southeast region.

Ferguson has led CBRE’s southeast region since January 2011. His elevation to the title of president reflects outstanding performance across a broad range of leadership activities including new business development, business and sales management, market and industry leadership, client relationships and people management, said CBRE in a statement.

Los Angeles — CBRE Group has promoted Lewis Horne to president, greater Los Angeles-Orange County region. Horne has led the CBRE region since 2007. His elevation to the President title reflects outstanding performance across a broad range of leadership attributes, including new business development, business and sales management, market and industry leadership, client relationships and people management, said CBRE in a prepared statement.

Dallas - DGSE Companies Inc. has named James D. “Dusty” Clem to the positions of chairman, president and CEO, effective immediately. Clem replaces James Vierling, who has resigned as CEO and as a director of DGSE to accept a position with Elemetal LLC, DGSE’s largest shareholder.