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Cosi announces new CEO
Deerfield, Ill. -- Cosi announced the appointment of Carin L. Stutz as the company's new CEO and president beginning Jan.1. She also will join the Cosi board of directors.
Stutz, 55, joins Cosi from Brinker International, where she was president of global business development, leading all aspects of franchise development and operations for 240 Chili's and Maggiano's restaurants around the globe.
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Sears board approves spin-off of Orchard Supply Hardware
New York City -- The board of Sears Holdings Corp has approved the spinoff of Sears’ Orchard Supply Hardware Stores Corp.
Sears announced its intention to spin off the 89-store hardware store chain in June, saying both companies could better focus on their goals as separate firms.