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PMA names supermarket industry veteran as president
NEWARK, Del. — The Produce Marketing Association has appointed Cathy Green Burns as the association’s president, effective December 1, as part of its continued restructuring of the senior leadership team.
In her new role, Green Burns will focus initially on leading board and staff team development as well as lending her insight to business development activities. She will report to PMA CEO Bryan Silbermann, who previously held both president and CEO positions.
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99 Cents Only cleaning up inventory accounting
For the second time in the past six years, 99 Cents Only said it was unable to file its annual report within the timeframe specified by the Securities and Exchange Commission.
The company’s annual report on form 10-K for its fiscal year ended March 30 was due at the SEC no later than June 28. However, because of a range of inventory valuation issues identified by auditors and a new CFO, the company said it was unable to file the report without unreasonable effort or expense. The company did not indicate when it planned to file the report other than as soon as practicable.