Corporate Governance

CAMDEN, N.J. — Campbell Soup Company announced that it is in final and exclusive negotiations for the potential sale of its business in Europe to CVC Capital Partners, a leading global private equity firm. 

New York -- Gap is celebrating its brand heritage with a fall global marketing campaign – Back to Blue – that is one of the broadest reaching in its history. The campaign spans outdoor, direct, social, in store, digital and also includes a return to television.

New York -- Activist investor Bill Ackman of Pershing Square Capital Management plans to abandon his push for a quick replacement to J. C. Penney CEO Mike Ullman, according to the New York Post. The report says that it now appears that Penney will proceed with a more deliberately paced search for a replacement for Myron Ullman, who assumed the role of interim CEO in April in the wake of Ron Johnson's firing.   

NEW YORK, N.Y. — Coupon Express, Inc. has appointed Glenn Gardone as its CEO and chairman of the board.

Gardone is a consumer packaged goods sales and marketing executive with more than 20 years of experience working in all retail and wholesale channels throughout North America. Prior to joining Coupon Express, he worked at PepsiCo, Coca-Cola, Kellogg and Del Monte. 

NEW YORK — Brooks Brothers has named Vivien Kronengold as the company’s EVP and chief marketing officer, a newly created position. 

Kronengold will be responsible for leading the company’s global marketing strategy and will oversee all areas of marketing communications, including brand advertising, creative, digital and social media, direct, visual merchandising, public relations and events.

City of Commerce, Calif. -- Stephane Gonthier, COO of Canadian dollar store chain Dollarama Inc., is leaving that company to take the role of president and CEO at 99 Cents Only Stores. Gonthier will remain with Dollarama during a transitionary period and Richard Anicetti, interim CEO of 99 Cents Only, will return to his position as board member once Gonthier arrives.

WESTLAKE VILLAGE, Calif. — David H. Murdock, Dole’s chairman and CEO, has entered into a definitive merger agreement with Dole Food Company to acquire for cash all outstanding shares of Dole common stock not currently held by him and his affiliates. 

Boca Raton, Fla. – Office Depot and OfficeMax have identified the top five candidates for the role of CEO in the new company that their proposed merger will form. In a joint press release, the office supply retailers said that after reviewing and vetting more than 100 candidates and interviewing eight, the CEO Selection Committee has narrowed the selection process to five candidates it believes can lead the combined business forward following the merger, with the goal of having a permanent CEO in place by September.