Corporate Governance

MOORESVILLE, N.C. — Lowe’s announced that it has named Eric Wiseman, president and CEO of apparel manufacturer VF Corp., to its board of directors. Wiseman will serve on the board’s compensation and governance committees. 

Wiseman has been CEO of VF Corp., whose brands include The North Face, Timberland, Vans and Wrangler, since January 2008. Before being named CEO, Wiseman served as president and chief operating officer from 2006 to 2007, responsible for VF’s global business and day-to-day operations.

WASHINGTON — Pamela Bailey, president and CEO of the Grocery Manufacturers Association, has announced the appointment of Jennifer Kaleda as VP industry affairs, operational effectiveness.

BENTON HARBOR — Whirlpool Corp. is celebrating its 100th anniversary with a number of local events and recognition of employees throughout the world.

ST. LOUIS — Ralcorp Holdings announced that Terence Block will serve as president and COO of Post Holdings Inc., effective January 1, 2012 . Block will also join the board of directors of Post Holdings following completion of the separation of the Ralcorp and Post cereal business.

NEW YORK — Further proof that the sluggish economy is affecting higher-income households much less than lower-income households can be found in the quarterly profits of Dillard's and Nordstrom's, which both reported earnings this week.

Dillard’s Inc. reported Friday that profit for the quarter ended Oct. 29 soared a record 85% to $26.6 million, compared with $14.4 million in the year-ago period. Strong comps and contained expenses propelled the strong performance.

Menomonee Falls, Wis. -- A Friday report in Advertising Age said that Kohl’s Corp. has added $30 million to its fourth quarter marketing spend in order to pad its efforts to garner holiday shopping dollars.

In 2010, the retailer spent $113 million on measured media in the fourth quarter, according to the report, and will spend about $143 million this year. Annually, Kohl’s spends $340 million.

Northbrook, Ill. -- Crate and Barrel announced Friday that its president and CEO Barbara Turf, who is retiring spring 2012, will be succeeded by current company COO Sascha Bopp, who becomes CEO effective April 2012.

Current CB2 director Marta Calle will become president, in charge of merchandising and marketing, and will report to Bopp.

San Antonio, Texas -- A Friday report in the San Antonio Express News said that grocer H-E-B has opened its Toyland mall-based stores for the second year in a row.

The seasonal toy and entertainment concept – which sells no groceries – is called H-E-B Toyland and is currently open at Rolling Oaks Mall (San Antonio), the San Marcos (Texas) Premium Outlets, and in Corpus Christi, Texas, until Jan. 15.

Owings Mills, Md. -- Chicago-based General Growth Properties and Hyde Park, N.Y.-based Kimco Realty Corp. said Thursday that the two companies have formed a joint venture partnership to redevelop Owings Mills Mall, Md.

The new JV gives each company 50% interest in the 25-year-old, 1 million-sq.-ft. mall; GGP previously owned 100%.

"We're exploring a number of options to revive Owings Mills Mall and provide the shoppers of northwest Baltimore County a more viable center that meets their needs,” said Shobi Khan, COO, GGP.

Portland, Maine -- Brixmor Property Group announced a 11,002-sq.-ft. Dollar Tree recently opened at Pine Tree Shopping Center, in Portland, Maine.

Brixmor, based in New York City, is the owner of Pine Tree Shopping Center.