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Corporate Governance

  • Stater Bros. names CFO

    San Bernardino, Calif. -- Grocery chain Stater Bros. Markets said Tuesday it has promoted David Harris to the position of senior VP finance, CFO and principal accounting officer.

    Harris joined Stater Bros. in 2009 as VP finance. In June 2011, he was promoted to his most recent position of senior VP finance.

    Harris reports to Jack H. Brown, chairman and CEO.
     

  • Duane Reade in green transportation initiative

    New York -- In an effort to reduce vehicle air pollution, Duane Reade, in partnership with Mission Electric, is asking New Yorkers to help determine which of the chain’s stores should be served solely by electric trucks. Combined, more than 30 stores have been identified as electric truck ready in the city’s boroughs of Queens, Bronx, Brooklyn, and Manhattan.

  • Ikea goes live with new solar system in Pittsburgh

    Pittsburgh -- Ikea has plugged in the new solar energy system installed at its Pittsburgh-area store in Robinson Township, Pa. The 86,800-sq.-ft. PV array consists of a 694-kW system, built with 2,884 panels. It will produce approximately 852,200 kWh of clean electricity annually, the equivalent of reducing 648 tons of carbon dioxide, eliminating the emissions of 115 cars or powering 73 homes yearly.

  • Davaco names VP business development

    Dallas -- Davaco Inc. has promoted Tim Currier to VP business development.

    In this role, Currier is responsible for identifying new business opportunities and building strategic partnerships with nationwide retail, restaurant and hospitality brands. He reports to Paul Hamer, executive VP business development.
     

  • Rose Paving hosts Open House at new branch office

    Bridgeview, Ill. -- Rose Paving Co. hosted an open house at its branch office in Norcross, Ga., on June 21. The event  celebrated the company's new office in Norcross and expansion in the Southeast.
     
    "Rose Paving's move to Norcross is a direct result of our bold goals to revolutionize parking lot management," said C.B. Kuzlik, senior VP Rose Paving. "We are passionate about the work we do and we are determined to provide the very best service to our valued clients in Atlanta and throughout the Southeast."

  • Virgin Mobile to open flagship in Chicago

    New York -- Virgin Mobile will open a flagship on Thursday in Chicago, the New York Times reported. The wireless company, which is owned by Sprint, hopes to build awareness of its brand by redefining the relationship between the customer and the carrier, according to the report.

  • Kmart unveils halogen reloadable prepaid MasterCard

    Hoffman Estates, Ill. -- Kmart said Tuesday it is introducing a Halogen Reloadable Prepaid MasterCard by Green Dot.

  • Safeway in Bozeman, Mont., awarded LEED Silver

    New York -- Safeway’s store in Bozeman, Mont., was recently awarded LEED (Leadership in Energy & Environmental Design) Silver certification by the U.S. Green Building Council. It is the first LEED for Retail certified store in the state of Montana, and one of roughly 200 LEED-certified grocery stores in the United States.

  • Report: Grocery wholesaler considering acquiring Supervalu distribution business

    Minneapolis -- A Monday report in the Wall Street Journal said that grocery supplier C&S Wholesale Grocers is said to be interested in buying the distribution business of Supervalu Inc.

    On July 11, Supervalu – which owns such grocery banners as Albertson’s, Jewel-Osco and Save-A-Lot – revealed it would explore a sale of all or part of the company. It said it had hired Goldman Sachs and Greenhill & Co. to launch a review of strategic options, including asset sales.

  • Card issuer, merchant agreement unsettles some

    Visa and MasterCard on Friday announced a proposed $6.6 billion settlement to a long-running dispute over the fees they charge merchants, but one major trade group was clearly annoyed at the prospect.

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