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C-Suite Moves: August report

Only 20% of C-suite executives think their own boards are diverse enough.

Here’s a look at the major C-suite appointments that occurred in August (listed in the order they were announced).

•TGI Fridays ended its search for a new chief executive in-house, naming Brandon Coleman to the role.  He joined the casual dining chain  in October 2022 as global chief marketing officer. In March 2023, he was named president U.S. and global chief marketing officer. 

•Mike Sypert was named Journeys’ COO, assuming day-to-day responsibilities for Journeys, Journeys Kidz and Little Burgundy’s business, including stores and websites in the U.S. and Canada.  The 34-year company veteran  most recently served as Journeys executive VP of sales and retail operations.

•Bill Artman was named CEO of Giant Eagle. The 40-year company veteran has served in the role on an interim basis since March, following the abrupt exit of Laura Karet.

•Kath McLay, currently CEO of Walmart’s Sam's Club, was named president and CEO of Walmart International.  She suceeds Judith McKenna who is retiring as president and CEO of Walmart International after serving in the role since 2018. 

Macy’s Inc. named Massimo (Max) Magni as chief customer and digital officer, effective August 21. He is a 20-year veteran of McKinsey & Company.

• Harvey S. Kanter is staying put — at least for three more years.  Destination XL Group entered into an amended employment agreement with Kanter to extend the term of his role as president and CEO of the men’s big and tall retailer into “at least” mid-August 2026.  

Wolverine Worldwide named company veteran Christopher E. Hufnagel, president of Wolverine, as president, CEO and board member. He succeeds Brendan L. Hoffman, who served in the role since January 2022 and is no longer with the company. (According to a regulatory filing, Wolverine terminated Hoffman without cause, effective Aug. 6.)

Christine Barone, who has been Dutch Bros president since February 2023, will take the reins as CEO on January 1. Prior to joining the coffee chain, Barone was CEO of True Food Kitchen for almost seven years.

• Joel Rampoldt was appointed CEO of Lidl U.S., effective in September, suceeding the departing Michal Lagunionek . He will join the grocer from AlixPartners, where he serves as partner and managing director.

•Rite Aid named Jeanniey Walden as senior VP and chief marketing offcier, making permanent an interim role she has held since joining the chain in March 2023.


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