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Corporate Governance

  • Twin Peaks unveils new name, trio of major anchors

    Longmont, Colo. -- NewMark Merrill Mountain States named three new anchors for the redeveloped Twin Peaks Mall: Whole Foods Market, Regal Cinemas and Sam’s Club.

    The project, which is slated to open in 2014, also unveiled its new name – Village at the Peaks.

  • Former Chiquita exec to head Starbucks global supply chain

    Starbucks has appointed Deverl Maserang as EVP of the company’s global supply chain organization. In this role, he will be accountable for end-to-end supply chain operations globally spanning manufacturing, engineering, procurement, distribution, planning, transportation, inventory management and worldwide sourcing.

  • Blue Nile appoints board member

    Seattle -- Online jewelry retailer Blue Nile has appointed Mindy Meads to its board of directors. Meads previously served as co-CEO of Aeropostale and president and CEO of Victoria’s Secret, among other executive posts in a 35-year apparel retail career. She also serves on the board of Wet Seal.

  • HH Gregg seeks to expand its footprint

    CHICAGO — Indianapolis-based appliance and electronics retailer HH Gregg is looking to Leo Burnett USA and Spark SMG, a full-service media agency of Starcom MediaVest Group, to help it expand brand awareness for its products.

    "From the beginning, Leo Burnett and Spark demonstrated a deep understanding of our business and our vision for the future," said Jeff Pearson, SVP of marketing. "After a diligent process we chose Leo Burnett and Spark as the best agencies to help us build a winning national brand."

  • SC Johnson CEO hailed champion of literacy

    RACINE, Wis. — Fisk Johnson, SC Johnson's chairman and CEO, has been named "Friend of the Library" by the Racine Public Library. Johnson received the award for sponsoring the Racine Reads: Dream Big! program during the 2011-2012 school year. 

    The program challenged 10,000 local elementary school students to read 1 million books during the school year — an average of 100 books per child. Students rose to the challenge, by more than quadrupling the national average, by reading 180 books per student and 1.8 million books in total. 

  • Wegmans delays Massachusetts store opening

    New York – Wegmans is pushing back the scheduled opening of a new store in Newton, Mass., until spring 2014. The grocery retailer is citing construction delays and demands of other projects, such as the upcoming grand opening of a replacement store in Rochester, N.Y., this Sunday, for causing the later opening of the new suburban Boston location.

    Wegmans currently operates one store in Massachusetts, a 138,000-sq.-ft. facility in the town of Northborough.

     

  • Starbucks names Chiquita exec as executive VP, global supply chain

    Seattle -- Starbucks Coffee Co. has appointed Deverl Maserang as executive VP leading the company’s global supply chain organization, effective June 3. He will be accountable for end-to-end supply chain operations globally spanning manufacturing, engineering, procurement, distribution, planning, transportation, inventory management and worldwide sourcing.

    Maserang joins Starbucks from Chiquita Brands International, where he led the Global Value Chain for Chiquita and Fresh Express.

     

  • Another big loss for J.C. Penney as sales plunge 16.4%

    Plano, Texas -- J.C. Penney Co. reported a deeper-than-expected loss of $348 million for its first quarter, compared to $163 million in the year-ago period, amid a 16.4% decline in revenue. The results came as the company seeks to undo the damage caused by former CEO Ron Johnson’s costly and largely failed makeover.

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