Corporate Governance

Warrendale, Pa. – Two independent proxy voting advisory firms, Institutional Shareholder Services (ISS) and Glass Lewis & Co., have both recommended that rue21 shareholders vote for a proposed acquisition by Apax Partners. As previously announced on May 23, 2013, rue21 entered into a definitive agreement under which funds advised by Apax Partners will acquire all outstanding shares of rue21 for $42 per share in cash.

Philadelphia – The Pep Boys - Manny, Moe & Jack has acquired 17 Discount Tire Centers in Southern California from AKH Co. These 17 stores are located throughout the greater Los Angeles market, from Bakersfield to Orange County.

Carlisle, Pa. -- Ahold USA said that Giant Food of Landover, Md., divisional president Anthony Hucker is leaving his position, effective Sept. 13, to pursue another opportunity.

Ahold USA executive VP operations Bhavdeep Singh will oversee the Giant-Landover division on an interim basis until a permanent replacement is named, the company said.
 
Hucker was appointed president of Giant-Landover on October 2011, having previously worked at Walmart.

Washington, D.C. -- Walmart VP of global technology services and strategic partnerships Fumbi Chima has been elected to the World Affairs Council – Washington, D.C., board of directors.

Chima is responsible for Walmart’s vendor management office, project management office and its global technology services office in India, as well as the IT asset management team.

GREEN BAY, Wis. — Shopko has teamed up with the Breast Cancer Research Foundation and apparel company West Coast Novelty Group, one of the organization's corporate sponsors, to offer an expanded line of Support the Cure merchandise at all Shopko stores. 

Dallas – Neiman Marcus is reportedly closing in on a deal to be purchased by Ares Management and the Canada Pension Plan Investment Board for $6 billion.

SAN FRANCISCO — Shutl, a same-day and same-hour delivery platform, has appointed John Kelly as the company’s EVP of retail. In his role, Kelly will be responsible for recruiting leading multichannel retailers to Shutl's same-day and same-hour delivery platform on a global scale.

Greensboro, N.C. – The Fresh Market has named Randall A. Young as its senior VP real estate and development effective Sept. 30. Young, 56, will oversee the company's real estate and development functions including market strategy development, site selection, store design, construction, store relocations and renovations.

Young most recently served as VP, real estate at Advance Auto Parts. He has also held a variety of real estate and construction roles at McDonald's Corporation, among other companies.