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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.

Walgreens Appoints 5 New Executives To Global Leadership Team

Walgreens has made several appointments to support and accelerate the company’s transformation efforts. Newly named executives include: Gunjan Bhow, Global Chief Digital Officer: Bhow will lead the retailer’s efforts to identify customer needs and develop new services, utilizing expertise gained from leadership roles at Disney, Amazon and Microsoft; Vineet Mehra, Global CMO: Mehra will draw upon experience from marketing roles at Johnson & Johnson, Avon and Procter & Gamble in his new position; Heather Dixon, Global Controller and Chief Accounting Officer: Dixon will oversee the global controllership organization; Annie Murphy, Global Chief Commercial Officer: Murphy will lead Global Brands and all commercial and third-party relationships; and Colin Nelson, Chief Global Supply Chain Officer: Nelson previously led industrial operations at Bunge and held senior roles at GlaxoSmithKline, Firmenich and Unilever. The new team is taking the reins at a time of rapid change for Walgreens and its competitors. Some of the retailer’s recent initiatives include: Launching CBD-infused topicals at 1,500 stores in nine states; Adding more than 8,000 locations to the Narvar Concierge network for e-Commerce pickups and returns; Voluntarily increasing the minimum age to purchase tobacco products to 21; Testing the launch of SmileDirectClub dental services at four stores.

Rothy’s Names Charlotte Russe Exec As CFO

Rothy’s has named Dayna Quanbeck as its new CFO. She will lead the finance, accounting, tax and treasury teams at the retailer, which transforms discarded plastic water bottles into footwear. Prior to Rothy’s, Quanbeck was VP of Finance, CFO and interim CEO at Charlotte Russe. She was a key partner to the company’s leadership team, managed investor relations and led negotiations for all in-house acquisition and restructuring initiatives. Quanbeck also spent seven years at Merrill Lynch, where she closed IPO deals for Express and Restoration Hardware.

Chico’s CEO Steps Down

Chico’s FAS CEO and President Shelley Broader has resigned from her roles, as well as from the company’s Board of Directors. Bonnie Brooks, former Vice Chair, President and CEO of Hudson's Bay Company and a current member of the Chico’s Board has been appointed Interim CEO, effective immediately. The executive change comes as Chico’s tries to reposition its three retail properties: flagship brand Chico’s, White House Black Market and Soma. But the repositioning effort has continued to be difficult, especially with the retailer having to close 250 stores across all three brands as part of it. The company said it was undergoing a review of its operations designed to identify opportunities to enhance the retailer’s capabilities and reduce costs. On April 24, Chico’s launched the TellTale intimate apparel brand, designed to target new women customers between 25 and 40 years old.

Kraft Heinz Appoints New CEO With An Eye On Organic Growth

Kraft Heinz has appointed Miguel Patricio as CEO, effective July 1. He will succeed Bernardo Hees, who has been with the manufacturer for six years and led the merger of Kraft and Heinz in 2015. Head of Strategic Projects Eduardo Pelleissone is also leaving the company effective June 30, according to CNBC.

Best Buy Promotes New CEO and President

Best Buy has promoted Corie Barry to CEO and Mike Mohan to President and COO, with both changes taking place June 11. Barry is currently CFO and Strategic Transformation Officer, while Mohan is the retailer’s U.S. COO. Current Best Buy CEO Hubert Joly will transition to the role of Executive Chairman of the Board, and the company will begin a search for a new CFO.

Stitch Fix Executive Leaving To Head Up Mizzen+Main

Stitch Fix General Manager of Men’s Clothing Chris Phillips is leaving the subscription retailer to become CEO of Mizzen+Main, according to CNBC. Kevin Lavelle, current CEO of Mizzen+Main, will join The Seminar Network and continue as chairman of Mizzen+Main’s board.

Hibbett Sports CFO Resigns Soon After CEO Announces Retirement

Just two weeks after Hibbert Sports President and CEO Jeff Rosenthal announced he would retire after more than 21 years with the company, the retailer revealed it would lose its second C-level exec at the end of April. Scott Bowman, Senior VP and CFO, will step down on April 26. Already looking for a replacement CEO, Hibbett Sports also will begin the search for Bowman’s successor.

Lidl, Blue Apron CEOs Step Down

Pictured: Jesper Højer (Left), Brad Dickerson (Right) The CEOs of two food retail players hoping to increase their U.S. footprint are leaving their roles — Jesper Højer, CEO of discount grocer Lidl, and Brad Dickerson, CEO of meal kit company Blue Apron, have both stepped down. Both had relatively brief tenures as CEO — Højer first took the post in February 2017, whereas Dickerson started as President and CEO in December 2017. Lidl Deputy Purchasing Director Ignazio Paternó has been named as Interim Leader until a full-time CEO is found, while Blue Apron went outside the company, bringing in Etsy COO Linda Kozlowski to fill the full-time role.

Macy’s Names Retail Veteran To New Chief Supply Chain Officer Role

Macy’s has hired Dennis Mullahy to fill the newly-created role of Chief Supply Chain Officer, effective April 8. Mullahy will oversee the retailer’s entire product journey, including global sourcing, inventory management, store and e-Commerce distribution, transportation, indirect procurement, supply chain systems, sustainability and supplier diversity.

Albertsons CEO Steps Away Six Months After Assuming Role, Will Remain Co-Chair

Albertsons Companies has appointed Vivek Sankaran as President and CEO, effective April 25, 2019. Sankaran, presently CEO of PepsiCo Foods North America, will replace current President and CEO Jim Donald in the role. Donald will continue as Co-Chairman of the Board, with Leonard Laufer serving as the other Co-Chairman. Donald, a former President and CEO of Starbucks, only joined Albertsons in September 2018. During his brief tenure, Albertsons increased its investments in numerous initiatives designed to cater to shopping across channels, including: Expanding its buy online/pick up in-store offering Drive Up & Go; Partnering with Microsoft to implement cloud and AI solutions and drive in-store shopping efficiency; Partnering with location-technology company Glympse, which is designed to give shoppers real-time delivery status; Building an automated fulfillment concept featuring AI-powered robots in-store; and Launching an online marketplace designed to offer shoppers a more diverse set of specialty food items.

JCPenney Hires Walgreens, Target Veteran As CFO

JCPenney has named Bill Wafford EVP and CFO, effective April 8. Wafford brings 25 years of retail experience, including financial leadership roles at Walgreens, The Vitamin Shoppe and Target. He will report directly to CEO Jill Soltau.

Brandless Co-Founder Relinquishes CEO Role But Will Co-Chair Board

Less than two years after co-founding and launching Brandless, Tina Sharkey is stepping down as CEO of the e-Commerce site to transition into a new role as Co-Chair of the company’s board of directors. Sharkey announced the decision in a blog post on Medium on March 14. Evan Price, CFO of Brandless, will serve as interim CEO. The board already has launched a CEO search to “scour the nation for a seasoned retail operator to partner with us in scaling our vision alongside the team.”

GameStop Names Retail Veteran As CEO

GameStop has appointed George Sherman as CEO and member of the Board of Directors, effective April 15. He succeeds Shane Kim, who has served as interim CEO since May 2018, when he replaced outgoing CEO Michael Mauler.

Walmart CTO Who Implemented Key Tech Advances Stepping Down

UPDATE: Pinterest has hired Walmart CTO Jeremy King as its Head of Engineering ahead of the company's upcoming IPO. Pinterest is seeking a valuation of at least $12 billion, according to The Wall Street Journal. “Not only is Jeremy a respected engineering leader, but from the moment we met him, we knew his values around putting the customer first were aligned with our own focus on Pinners,” Ben Silbermann, CEO of Pinterest, said in a statement. “As we build products to inspire people to create a life they love, Jeremy’s technical experience and leadership are a perfect combination to build a visual discovery engine for all.” Walmart Chief Technology Officer Jeremy King is leaving the company, according to a memo obtained by CNBC. King has not announced his future plans, but the memo noted that he will be starting a “new adventure” in the near future. Fiona Tan, SVP of Customer Technology, will step up to an “elevated role” following King’s departure on March 29, as the retail giant searches for a permanent replacement.
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