Retail Movers & Shakers

A week does not go by without a significant promotion or appointment within retail companies — including merchants, industry associations as well as solution providers. Retail TouchPoints presents these updates via the Retail Movers & Shakers section, spotlighting the individuals and companies announcing important new executive developments.

Walmart Promotes Neighborhood Market Exec To Sam’s Club CEO Spot

Kathryn McLay has been named President and CEO of Sam’s Club. She joined parent company Walmart in 2015 as the VP of U.S. Finance and Strategy. After being promoted to SVP of Supply Chain, McLay served as EVP of Neighborhood Markets, Walmart’s smaller-format stores. The Sam’s Club CEO position opened up in October, when John Furner was named President and CEO of Walmart U.S.

True Religion Names Former President As New CEO

True Religion Apparel has appointed Michael Buckley as its new CEO, effective immediately. Buckley, who brings 30 years’ experience in retail and consumer products, had previously served as President of True Religion from 2006 to 2010. He succeeds Farla Efros, who has held the Interim CEO title since the June 2019 departure of Chelsea Grayson. During Buckley’s time as True Religion’s President, the company’s sales grew from $100 million to more than $300 million. The retailer grew from one to 100 stores and expanded its product line to include T-shirts, woven shirts, knit tops, outwear and licenses including footwear, fragrances, eyewear, swimwear and accessories.

Le Tote Names President Of Lord + Taylor, Finalizes Purchase

Le Tote has named Ruth Hartman President of newly acquired Lord + Taylor. Hartman, who brings more than 30 years of retailer experience to the role, has served as Chief Merchandising Officer of Le Tote since 2014 and has held executive positions at Macy’s and DSW. In August, Hudson’s Bay Co. (HBC) revealed it was selling Lord + Taylor, the iconic U.S. department store, to Le Tote for $100 million, marking the rare instance where a digitally native brand acquired a larger traditional retailer. 

Pier 1 Promotes Two Executives To CEO And President Roles

Pier 1 Imports has added CEO and Director titles for Robert Riesbeck, in addition to his current role of CFO. The retailer also has appointed EVP and Chief Customer Officer Donna Colaco as President of Pier 1, where she will continue leading the company’s merchandising, planning and allocation, marketing, e-Commerce and promotion efforts. Riesbeck joined Pier 1 in July as CFO, and was previously CFO at FULLBEAUTY Brands. He brings more than 25 years of experience in retail and consumer goods as well as experience from his time as an operating executive at private equity firm Sun Capital Partners.

Sally Beauty Names New Group VP Of Stores For Beauty Systems Group

Sally Beauty Holdings (SBH) has appointed April Holt as Group Vice President of Stores for Beauty Systems Group. Holt previously served as Executive Vice President of Stores and Operations at Victoria’s Secret, and she worked at GAP and Old Navy for 10 years in a variety of field leadership roles. Her family-owned cosmetology schools lend her a strong personal connection to the beauty industry.

Nike CEO Mark Parker Will Step Down In January 2020

  • Published in News Briefs
On the same day one major athleticwear CEO revealed he was stepping down from his role, the leader of the biggest name in footwear and athletic apparel has done the same. Mark Parker, Chairman, President and CEO of Nike, will leave his day-to-day role and transition into the Executive Chairman…

Casey’s General Stores Names 7-Eleven Veteran Chief Merchandising Officer

Casey’s General Stores has named Tom Brennan as Chief Merchandising Officer, reporting to CEO Darren Rebelez. Brennan will oversee the development and implementation of the retailer’s overall merchandising and prepared foods strategy. Brennan was most recently COO at CKE Restaurant Holdings, the parent of Carl’s Jr. and Hardee’s, where he was responsible for the operation of more than 3,000 restaurants across the U.S. He also spent 11 years at 7-Eleven in a variety of leadership roles, and worked in the Financial Planning and Analysis group at Target.

The Fresh Market Chooses Grocery Veteran As Chief Merchandising Officer

The Fresh Market has appointed Dan Portnoy as Chief Merchandising Officer. He will report directly to President and CEO Larry Appel, and will oversee the grocery retailer’s merchandising team. Portnoy was previously President and CEO of Kings Super Markets/Balducci’s Markets and Chief Merchandising and Marketing Officer at Winn-Dixie Stores. He also has held leadership positions at beverage company Cott Corporation and private label brand development company Daymon Worldwide.

Target Promotes Operations Exec To CFO

Michael Fiddelke, a 15-year Target veteran, has been named EVP and Chief Financial Officer, effective Nov. 1. Fiddelke will be responsible for financial planning, analysis and operations, internal audit, accounting, investor relations, treasury, tax and risk. He also will oversee the retailer’s Financial and Retail Services, including guest relations and management of financial products including Target RedCard. Additionally, Target is filling the merchandising gap that was left by the departure of Mark Tritton, who recently assumed the CEO role at Bed Bath & Beyond. Christina Hennington and Jill Sando, two Target executives with nearly 40 years of combined experience with the company, will assume leadership of the merchandising organization. Both executives were named SVPs and General Merchandising Managers in January and they will now report directly to CEO Brian Cornell.

Kohl’s Chooses New CFO From Within Its Ranks

Kohl’s has promoted EVP of Finance Jill Timm to the role of CFO. She replaces current CFO Bruce Besanko, who will step down effective Nov. 1. Besanko will remain in a Senior Advisor role until he departs the company to assist with the transition. Timm will oversee Kohl’s financial planning and analysis, investor relations, financial reporting, accounting operations, tax and treasury, reporting directly to CEO Michelle Gass. Timm has been with Kohl’s since 1999, and has served in several financial leadership roles.

Rite Aid Names New COO

Rite Aid has appointed health care veteran Jim Peters as its new Chief Operating Officer (COO). Peters will replace current COO Bryan Everett, who is leaving to pursue other career opportunities, according to a company statement. Peters will lead the retailer’s clinical strategy development and execution; health system and strategic corporate relationships; marketing and merchandising; and corporate strategy and communications.

Walgreens Boots Alliance Veteran Named New CEO Of Tesco

David Lewis will step down as Group CEO of Tesco in the summer of 2020. He will be succeeded by Ken Murphy, who was most recently Chief Commercial Officer, President of Global Brands and EVP at Walgreens Boots Alliance. Lewis took the CEO role at Tesco in 2014 as the retailer was struggling with a profit downturn. Tesco has since undergone a turnaround effort, and group sales were up 0.6% in the first half of 2019-2020, with sales in Asia up 8.4%. Additionally, customer satisfaction levels were up eight points across all channels compared to the previous year.

Wacoal America Promotes Sales And Marketing Exec To President And CEO

Mitch Kauffman will take on the role of President of Wacoal America beginning in October 2019 and will be named CEO in March 2020. This move comes after current CEO Bob Vitale announced his retirement plans, which include staying in his current role through March 2020. Kauffman will oversee the execution of various digital initiatives designed to drive traffic in stores and online.
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