C-SUITE

WP Glimcher announced that CEO and vice chairman Michael Glimcher has resigned from the REIT founded by his father, Herbert. Board member Louis Conforti was named interim CEO at the company slated to be rebranded as the Washington Prime Group.   Several other senior leadership changes were announced, including the replacement of Mark Ordan as board chairman with Robert J. Laikin, who had been the board’s lead independent director. Ordan stays on as a director.  

Specialty alcoholic beverage retailer BevMo is shuffling its leadership team as part of an organizational transformation initiative.  

Vitamin Shoppe on Thursday announced that it has hired Jason Reiser as COO effective July 11.    

Target Corp. is continuing to hire tech experts for its ultra-secret “Goldfish” project, with the newest recruit being the former chief technology officer of sports news website Bleacher Report.     The Minneapolis/St. Paul Business Journal reported that Sam Parnell has joined Target with a title of VP of innovation, and be based in the company’s office in Sunnyvale, California.

Wal-Mart Stores is undertaking a series of executive changes at its international divisions, starting with a new head for its struggling United Kingdom business, Asda.
 
Andy Clarke, president and CEO of Asda, will step down on July 11, after having worked at the British company for more than 20 years. Asda has been under heavy competitive pressure and has reported seven straight quarterly sales declines.

L'Oreal USA appointed of Marc-Alexandre Risch to the newly created position of chief retail officer for L'Oreal USA.   The appointments comes as L’Oreal’s retail banners, which include Kiehl’s, are expanding. Risch will responsible for supporting the organization with retail operations leadership and knowledge, developing back-office retail operations solutions, systems and synergies across the company, and helping to establish seamless, omnichannel consumer experiences across L'Oreal USA's brand portfolio.

Investors in Target Corp. decided on several important issues at the retailer’s 2016 annual meeting.

Shareholders elected 14 members of the board of directors, ratified the appointment of Target’s independent registered public accounting firm, approved proposal on compensation for executives and rejected one shareholder proposal.

Jane Hamilton Nielsen, who just left her position as CFO of Coach Inc. to pursue other opportunities, is not waiting long to make her new role known.

According to Fortune, Ralph Lauren is expected to announce Nielsen’s hiring as its new CFO. She would replace current Ralph Lauren CFO Robert Madore, who has held that title since April 2015.