Corporate Governance

Collective Bias, the Bentonville, Ar.-based company pioneering the field of social shopper media, secured $10.5 million in funding.

The funding is expected to help the innovative media company continue to drive growth by creating greater engagement among shoppers, brands and retailers. The firms said 2012 was its third consecutive year of triple digit growth and the series A funding round led by Updata Partners represents the opportunity for Collective Bias to accelerate key business initiatives including expansion to international markets.

Albert Saltiel has joined AutoZone, the nation’s largest automotive retailer, as SVP of marketing and customer satisfaction.

Saltiel will report directly to AutoZone chairman, president and CEO Bill Rhodes.

"Al has spent many years working in both business to business and business to consumer environments," said Rhodes. "His experiences at Navistar, Sony and Ford are well suited for this position and we are excited to welcome Al to AutoZone."

PLEASANTON, Calif. — The Safeway Foundation has launched its annual April fundraising campaign to benefit Easter Seals, Special Olympics and a range of organizations that help people with disabilities live fuller, more independent lives.

The company's Support for People with Disabilities campaign, along with other fundraising activities, have contributed more than $140 million to Easter Seals, Special Olympics and an array of organizations that assist people with special needs.  

Sustainability is often confused with “going green,” but while environmental improvement is part of the picture, sustainability is bigger than that. It’s a strategy for individuals and organizations to thrive for the long term. Operating sustainably ensures an efficient, resilient and innovative organization that not only does less harm to people and the environment, but also does more good and makes a profit in the process. Because as many have pointed out, a business that loses money won’t be around to do anything very long.

OAK BROOK, Ill. — Ace Hardware has named long-time employee John Venhuizen as president and CEO of the nation’s largest hardware cooperative.

Venhuizen’s appointment to this role has been part of a strategic leadership transition that was announced last September. At that time, Venhuizen was named president and COO of Ace Hardware, while Ace’s outgoing leader, Ray Griffith, maintained the title of CEO.

NEW YORK -- Whole Foods Market has partnered with Gotham Greens to build the nation’s first commercial- scale greenhouse farm integrated within a supermarket. The 20,000-sq.-ft. greenhouse, which is currently under construction on the roof of the forthcoming Whole Foods Market store in Gowanus, Brooklyn, is scheduled to open in late 2013.

CLEVELAND — American Greetings announced that it has agreed to be taken private by a group led by some of its top executives for about $602 million.

The executive group was formed by the Weiss family — including chairman Morry Weiss; CEO Zev Weiss; director, president and COO Jeffrey Weiss and others — and will buy the shares of the company they don't already own for $18.20 a piece in cash. This amounts to a 13% premium to American Greetings' closing price of $16.10 last Thursday.

PHILADELPHIA — Walmart is adding Mini Melts ice cream automated kiosks to its stores.

"We are grateful for the opportunity to serve Walmart customers throughout the United States, by not only providing a premium ice cream product, but by doing so consistently with Walmart's low-price philosophy," said Dan Kilcoyne, president of Mini Melts USA.

NAPERVILLE, Ill. -- OfficeMax Inc. has unveiled a new format in downtown Milwaukee to better serve local small business customers.

The 5,000-sq.-ft. OfficeMax Business Solutions Center OfficeMax Business Solutions Center is located in The Shops of Grand Avenue. The new format replaces the previous OfficeMax store.

BENTONVILLE, Ark. — Walmart and leading grocery suppliers, including Campbell's Soup, ConAgra Foods, Dr. Pepper Snapple Group, General Mills, Kraft Foods Group, Kellogg Company, Mondelez International, Nestle USA, PepsiCo and Unilever, have joined forces to engage millions of customers and Walmart associates this spring and bring much needed food and funding to nonprofit organizations that work to fight hunger.