Corporate Governance

Corpus Christi, Texas -- Susser Holdings Corp. has set a date for a special meeting of its stockholders to consider and vote on the previously announced proposed acquisition of Susser Holdings by Energy Transfer Partners L.P. (ETP) and certain other matters. The special meeting will be held on Aug. 28, at Susser's corporate offices.

York, Pa. -- Daniel T. Motulsky has been named to the board of directors of The Bon Ton Stores Inc., effective Aug. 1. Motulsky, 52, was a managing director and global head of consumer & retail of financial advisory and asset management firm Lazard from 2000 to June 2014, having joined the firm in 1998.

Retail and consumer products veteran Brian Cornell was named chairman and CEO at Target to fill two of the three roles previously held by the company’s former top executive Gregg Steinhafel.

Christopher & Banks has appointed former National Stores executive Lynn C. Derry as SVP and general merchandise manager.

The Bon-Ton Stores has elected Daniel T. Motulsky to its board of directors.

Motulsky was a managing director and global head of consumer & retail of Lazard from 2000 to June 2014, having joined the firm in 1998. Lazard is a global financial advisory and asset management firm that engages in investment banking, asset management and other financial services primarily with institutional clients.

Pacific Sunwear’s SVP of women’s merchandising and design Christine Lee has resigned. Filling the role on an interim basis will be Brieane Breuer, who joined PacSun in 2007 and is the company's current VP of women's design.

Breuer received her master's degree in fashion design and styling from Istituto Marangoni and during the past 13 years has held various merchandising and design roles at high-end fashion brands such as Valentino, as well as at Abercrombie & Fitch.

Fortune Brands Home & Security has acquired Sentry Safe, a leading manufacturer of personal safes with estimated annual sales of $150 million. The transaction closed early this week for $117.5 million and was funded from the company's existing credit facilities.

Sentry Safe will become part of Master Lock, a leading padlock brand in North America. Sentry Safe is headquartered in Rochester, New York, and has approximately 500 employees, with manufacturing facilities in Rochester, New York, and Cannelton, Indiana.

HH Gregg president and CEO Dennis May expected the company’s first quarter to be challenging, but he did not envision a 10.2% same store sales decline or a $10.3 million loss.

Babies “R” Us has partnered with Medela, a manufacturer of breast pumps and postnatal supplies, to provide the Medela Breast Pump Rental Service to parents nationwide.

Customers visiting any Babies “R” Us store across the country will be able to rent the Medela Hospital-Grade Symphony Double Electric Breast Pump for 30, 60 or 90 days. The program remains flexible, with the opportunity to extend a rental after 30 days.