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Costco appoints new chairman
Costco Wholesale Club has tapped its longtime director as its new chairman. The company announced the election of Hamilton “Tony” James to the position of chairman. He replaces Jeff Brotman, who co-founded Costco with James Sinegal in 1982. Brotman passed away unexpectedly on Aug. 2. -
PetSmart CEO resigns
The chief executive of the nation's largest specialty pet retailer of services and solutions has left the building. PetSmart announced that Michael J. Massey has stepped down from his position as CEO, president and board member. Raymond Svider, managing partner at BC Partners, will serve as executive chairman and oversee the company’s operations with the senior leadership team while the board searches for a new chief executive.