Supermarket/Grocery

Stater Bros. has promoted CFO David Harris to EVP finance.

Harris began working for the chain in 2009 as VP finance and was promoted to SVP finance in 2011. A year later, he was promoted to CFO and principal accounting officer. Before working for Stater Bros., he was a partner with Ernst & Young in Riverside and Irvine, both cities near San Bernardino, Calif., where Stater Bros. is headquartered.

Deerfield Beach, Fla. — Konover South has bought back a portfolio of nine Florida retail shopping centers valued at more than $100 million. Konover had previously sold a share of the portfolio to an institutional investment partner. The buy-back returns complete ownership to Konover, which developed or redeveloped the properties over the years.

Peoples United Bank provided $75 million of new permanent financing for the transaction.

Antonio Urcelay has replaced Gerald Storch as chairman of Toys “R” Us and the retailer also named Richard Markee to its board.

Walmart International president and CEO Doug McMillon was given the nod over Walmart U.S. president and CEO Bill Simon to succeed Mike Duke as president of Wal-Mart Stores, Inc., the company announced Monday morning.

McMillon, 47, will join the board effective immediately, and succeed Duke, 63, on February 1, when Walmart’s new fiscal year begins. McMillon’s successor will be named before the end of the fiscal year, according to the company.

Glendenning, New South Wales, Australia – McAlpine Hussmann Pty. Ltd., a wholly owned subsidiary of Hussmann Corporation, has acquired the assets of the former Austral Refrigeration case equipment manufacturing and distribution operations from Retail FM (a wholly owned subsidiary of Woolworths Limited). At the same time, McAlpine Hussmann Australia Pty. Ltd. has acquired the Suzhou China case equipment manufacturing and distribution business from Retail FM.
 

New York — The early bird rate for Chain Store Age's 32nd annual Retail Store of the Year design competition ends on Nov. 29. Retailers, design firms, architects and suppliers are invited to submit entries for the competition, whose regular deadline for submission is December 23, 2013.

Bentonville, Ark. – Wal-Mart Stores said Mike Duke will retire as president and CEO, effective Feb. 1, 2014, and will be replaced by veteran company executive Doug McMillon. McMillon, 47, president and CEO of Walmart International, was also named to Wal-Mart’s board, effective immediately.

San Bernardino, Calif. -- Stater Bros. Markets has announced the promotion of David Harris to the position of executive VP finance, CFO and principal accounting officer of Stater Bros. Markets, effective Nov. 25.
 
Harris joined Stater Bros. in 2009 as VP finance. In June 2011 he was promoted to senior VP finance, and in 2012 he was promoted to senior VP finance, CFO and principal accounting officer.

Harris reports to Jack H. Brown, chairman of the board and CEO.