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Supervalu names innovation head as part of executive shuffle
Supervalu is adding a veteran wholesale executive to a new C-level position and also enacting several other changes to its senior leadership team.
James Weidenheimer, 57, has been named to the newly-created position of executive VP, corporate development and chief innovation officer, reporting to Supervalu president and CEO Mark Gross. Weidenheimer joins the company after having spent the last 16 years in senior leadership positions with C&S Wholesale Grocers. He is expected to start in his new role by April 25, 2016.
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Nordstrom to eliminate 300 to 400 jobs
Nordstrom announced it will phase out 350 to 400 jobs, primarily in its corporate center and regional support teams, through the end of the second quarter.
The retailer described the reductions as changes in its operating model in order to “continually evolve with the expectations of its customers, ensure it is best positioned to respond to the current business environment, and meet long-term growth plans.”
The changes are estimated to generate savings of approximately $60 million in fiscal 2016.
