-
American Apparel’s new board includes its first female director, and RadioShack CEO
New York -- American Apparel Inc. announced four new directors to its board, including the company’s first-ever female board member, Colleen Brown, a former CEO of Fisher Communications, and former Walgreens executive Joseph Magnacca, who took the reins as CEO of RadioShack last year.
The other new directors are David Glazek, a partner with hedge fund Standard General, which holds a nearly 44% stake in American Apparel, and Thomas J. Sullivan, a director of Media General.
-
Walmart U.S. CEO Bill Simon steps down; to be replaced by CEO of Walmart Asia
Bentonville, Ark. -- Wal-Mart Stores announced that Bill Simon, president and CEO of Walmart U.S. since June 2010, is leaving the company. He will be replaced by Greg Foran, 53, president and CEO of Walmart Asia, who will take up the post on Aug. 9, reporting directly Wal-Mart president and CEO, Doug McMillon. Simon will be available on a consulting basis for the next six months to ensure a seamless transition.
