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Penney names Saks CEO Stephen Sadove to board
Plano, Texas -- J.C. Penney Co. announced that departing Saks Inc. CEO and chairman Stephen Sadove has been elected to its board of directors.
Sadove's election is effective upon his leaving Saks, which will occur once the acquisition of the upscale department store by Hudson's Bay Company is completed, which is expected by the end of the year.
Sadove is a highly regarded industry veteran. He is the current chairman of the National Retail Federation.
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Walmart, Lowes and Pacific Business Group on Health launch innovative healthcare program
New York -- Walmart and Lowe’s have joined the Pacific Business Group on Health Negotiating Alliance (PBGH-NA) to launch the national Employers Centers of Excellence Network that will offer no-cost knee and hip-replacement surgeries for employees at four highly regarded hospitals in the United States.