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.

Teradata Promotes COO To President And CEO

Teradata, a data analytics technology company, has appointed Oliver Ratzesberger as President and CEO, effective immediately. He succeeds Victor Lund, who will transition to Executive Chairman of the company’s Board of Directors. Ratzesberger has served as COO of Teradata since February 2018 and was responsible for the company’s global operations and for leading its strategies for go-to-market, products and services. From 2016 to 2018, he served as EVP and Chief Product Officer, leading Teradata’s research and development efforts.

Neiman Marcus iLab Founder Named CTO Of TheCurrent Global

Scott Emmons, Founder and Director of the Neiman Marcus iLab, is leaving the retailer to take the position as CTO at TheCurrent Global, a consultancy focused on transforming how retail and fashion brands intersect with technology. Emmons announced his changing role during a session at the NRF Big Show. Emmons will oversee an ecosystem of global startups and tech partners, managing their integration with brand and retail clients. He will work alongside TheCurrent Global founders Liz Bacelar, CEO, and Rachel Arthur, Chief Innovation Officer.

Target CFO Steps Down As Retailer Fills C-Suite Positions From Within

Target is searching for a new CFO while simultaneously promoting several members of its leadership team as the retailer seeks to maintain momentum after a successful holiday season. Current CFO Cathy Smith will retire after a successor is named, but will remain with the company in an advisory role until May 2020 to ensure a smooth transition.

RetailMeNot Appoints Tarleton CEO As Founder Moves Into Chairman Role

RetailMeNot has appointed Marissa Tarleton as CEO, effective Jan. 7. Tarleton has served as CMO of RetailMeNot since 2015, leading the company’s brand, consumer and B2B marketing and communications initiatives. As CMO, Tarleton launched two new sub-brands, RetailMeNot Everyday, which provides print coupons for groceries, restaurants and local stores, and RetailMeNot Rx Saver, a drug price comparison site. Both brands were rebranded in early 2018. The Everyday brand had originated from a collaboration with Valassis, while the Rx Saver brand was an acquisition. These initiatives helped deliver significant growth in customer acquisition while also building new revenue streams for RetailMeNot, according to a company statement.

Rite Aid Names New CIO

Rite Aid has named Justin Mennen as its new Senior VP and CIO. Mennen replaces Steve Rempel, who left in March 2018 to take a position as International CIO for Walgreens Boots Alliance. In this position, Mennen will be responsible for all aspects of the company’s technology and information operations, including enterprise systems and applications, network, core infrastructure and information security, as well as the development and execution of Rite Aid’s immediate and long-term IT strategy. Mennen will report to CFO and Chief Administrative Officer Darren Karst.

Kroger CFO Will Retire In April 2019

Kroger CFO J. Michael Schlotman will retire from his role effective April 3, when he will be succeeded by Gary Millerchip, CEO of the grocer’s Personal Finance division. Schlotman has been at Kroger for more than 30 years and has held the CFO role since 2000. Schlotman will remain an Executive VP and continue to sit on the senior leadership team to support the company during a transition period lasting until December 28, 2019.

Sprouts Farmers Market CEO Steps Down

Amin Maredia, CEO of Sprouts Farmers Market, will step down effective Dec. 30, 2018. While the supermarket retailer searches for a permanent replacement, Jim Nielsen, President and COO, and Brad Lukow, CFO, will serve as co-interim CEOs. Maredia joined the company as CFO in 2011 and was promoted to the post of CEO in August 2015. Prior to Sprouts he held executive positions at Burger King, according to his LinkedIn profile.

Neiman Marcus Hires First Chief Transformation Officer

Neiman Marcus Group has named Katie Mullen to the newly created role of Chief Transformation Officer, according to Dallas Business Journal. In this position, she will drive CEO Geoffroy van Raemdonck’s transformation plan, commercialize new ideas, spearhead growth initiatives, and handle program and change management and corporate communications. Mullen was most recently a Partner and Managing Director at Boston Consulting Group, where she was responsible for designing growth initiatives, innovating business models and leading growth initiatives for global retailers and others. “Katie has been a critical partner to our organization over several years and specifically very recently in co-authoring our growth roadmap,” said van Raemdonck in a statement. “Her track record of leadership and insight in our sector makes her the clear choice to oversee the strategic deployment of our company’s evolutionary initiatives. I am confident that she will challenge us with a fresh, external perspective, but will also take care to protect what is special about Neiman Marcus Group as we drive change throughout the organization.” Neiman Marcus Also Bolsters Wider Leadership Mullen’s appointment follows a late September shakeup of the senior executive team, promoting three executives and adding two new hires as Neiman Marcus seeks to build a…

Victoria’s Secret CEO Steps Down After Two-Year Tenure

The CEO of Victoria’s Secret Lingerie, Jan Singer, has resigned after a little more than two years in the role. Singer, the former CEO of Spanx, was put in charge of Victoria’s Secret in May 2016, but the once-dominant player in intimate apparel has been steadily losing market share to more Millennial-focused brands such as Aerie, Adore Me and ThirdLove. The departure marks the latest in a string of leadership changes at the retailer. Singer replaced longtime Victoria’s Secret head Sharen Jester Turney, who abruptly retired as CEO of the lingerie brand after a decade. In August, the company announced the retirement of Denise Landman, CEO of Victoria’s SecretPINK. Landman’s replacement is Amy Hauk, President of Merchandising and Product Development at Bath & Body Works.

PCMS Appoints New Chief Commercial Officer

PCMS, a provider of IT software and services for retailers, has appointed Jon Stretton as Chief Commercial Officer. Stretton will mostly focus on expanding the company’s global business. Stretton joins PCMS from NCR-UK, where he served as VP of EMEA Business Development and Managing Director of Retail. Before that he served as Sales Director, and then Managing Director of Retail, Transportation and Hospitality at Fujitsu.

JCPenney Names New Interim CFO

Michael Fung, who spent more than a decade in senior financial roles at Walmart, will become the new interim CFO at JCPenney. Jerry Murray, who took on interim CFO responsibilities following Jeff Davis’ resignation on Oct. 1, will resume his role as SVP of Finance. Fung brings more than 23 years of experience in value-oriented retail and finance operations, including six years as CFO of Walmart Stores U.S. from 2006 to 2012. Most recently, he has served as interim CFO for Neiman Marcus Group and 99 Cents Only stores.

Publix Names New President, Expands CIO’s Responsibilities

Publix has promoted Kevin Murphy, the supermarket chain’s SVP of Retail Operations, to the role of President. Current CEO and President Todd Jones will relinquish the latter title on Jan. 1, 2019. Murphy began his career at Publix in 1984 as a front service clerk, and held positions as a district and regional manager and a vice president before being named to his current job in 2016.

Tulip Appoints New CFO

Tulip, a mobile platform for in-store associates, has appointed Saeideh Fard as CFO. In the role, Fard will navigate the company as it accelerates its growth and global expansion a year after securing $40 million in venture funding. Fard will be responsible for managing Tulip's financials and employee success, including financial planning & analysis, tax management, employee hiring, staff diversity and professional development.
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