-
U.S. grocer taps former Lidl exec as new CEO
As German discount giant Lidl prepares to enter the U.S. market, Save-A-Lot is bringing in a new chief executive officer whose resume includes a 13-year stint at the European chain. The discount supermarket chain has appointed Kenneth McGrath as CEO, effective April 21, 2017. He succeeds Eric Claus, whose departure was described as a “mutually agreed” parting of the ways. -
End of an era at coffee giant
It’s a new day at Starbucks Corp. Kevin Johnson officially took over as CEO of Starbucks on Monday, April 3. Outgoing CEO Howard Schultz continues on at the company as executive chairman, and will focus on the development of Starbucks’ new formats, Reserve Roasteries and Starbucks Reserve, and the company’s social impact initiatives.