Corporate Governance

Austin, Texas - RetailMeNot Inc. has named Michael Jones was named senior VP, retailer and brand solutions. Jones joins RetailMeNot after spending the prior four years serving as VP of merchant development at eBay.

While at eBay, Jones’ responsibilities included sales, business development, merchant relations and operations for eBay's marketplace business. In his new role at RetailMeNot, he will lead the company's efforts to deepen its relationships with the largest retailers and brands.

By Chris Stoneff, Lieberman Software

My experience in cyber security tells me that the retail sector probably represents the most fertile ground for cyber criminals. That's because professional hackers understand that retail has never focused on IT security to the extent seen in other industries (like banks or payment processors) that handle customer payment card data.

Albany, N.Y. - Trans World Entertainment Corp., owner of the FYE music and video chain, named Michael Feurer as CEO. Feurer, who succeeds longtime Trans World leader and founder Robert J. Higgens, most recently served as CEO and president of Vanity Stores. Higgins announced in March he was retiring.

New York -- Amazon said that senior VP and CFO Thomas J. Szkutak plans to retire in June 2015. Brian T. Olsavsky, VP finance for Amazon’s global consumer business, will succeed Szkutak. Szkutak and Olsavsky will work together during the next 10 months as part of the transition.

Szkutak joined Amazon in 2002 as CFO, and oversees the controller, treasury, investor relations, tax, internal audit and facilities functions as well as financial management of the company’s business units.

Boca Raton, Fla. – Keith Sherwell, who served as CIO of Sears Holding Corp from March 2010 to June 2013, has been named CIO of the Office Depot international division, effective Sept. 15. Sherwell advised the board of OfficeMax during merger negotiations with Office Depot, and has served as a technology integration consultant to Office Depot since the completion of the merger in November 2013.

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New Albany, Ohio – Abercrombie & Fitch has reportedly settled a shareholder lawsuit filed in the U.S. District Court of Columbus, Ohio, regarding its pay of CEO Michael Jeffries, who has received more than $140 million in compensation since 2007. According to Reuters, the settlement with City of Plantation Police Officers' Employees' Retirement System involves no payment to the plaintiff.

Fremont, Calif. - Jos. A. Bank has reached an early termination agreement with Jim's Formal Wear, effective Dec. 31. The company will record a one-time charge of $4.5 million in its fiscal 2014 third quarter in connection with early termination of this contract to supply tuxedo rental inventory and logistics.

Clearwater, Fla. - MarineMax Inc. has expanded its financing facility to provide for borrowings of up to $235 million. The expanded facility has a three-year term, expiring in August 2017, and it has two, one-year options to renew, subject to lender approval.

Boca Raton, Fla. - Office Depot Inc. has been awarded a $100 million-plus contract for office supplies and other office solutions by Corporate United following a competitive solicitation process. The new agreement with Office Depot includes office supplies, furniture, technology products and copy and print services provided at significant discounts and savings to eligible member companies.