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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.

Sharper Image Promotes COO To Top Spot

Sharper Image has named Lance Reese as CEO. For the past two years Reese has served as the retailer’s COO, responsible for corporate operating units including marketing, merchandising, business development, international sourcing, operations, procurement, technology and customer service. “From an operational perspective, between IT, the warehouse, call center and our inventory teams, Lance has upgraded our processes, systems and efficiencies, which has translated into a better experience for our customers and improved profitability,” said David Katzman, Managing Partner of Camelot Venture Group, which owns and operates the retailer.

Big Lots Hires Tailored Brands Exec As New CEO

Bruce Thorn, most recently President and COO of Tailored Brands, has been named CEO of Big Lots. Following a transition period with Tailored Brands, Thorn is expected to be formally appointed to the new position at the end of September, when he also will be appointed as a director. Thorn succeeds David Campisi, who retired from the company back in April 2018. Thorn joined Tailored Brands in 2015 as EVP and COO. Before that, he held various enterprise-level roles with PetSmart since 2007, most recently as EVP, Store Operations, Services and Supply Chain. Thorn also has held several leadership positions with Gap, Cintas Corp, and LESCO.

L Brands Boosts Q2 Net Sales 8.3%; PINK CEO Retires

L Brands, the parent company of Victoria’s Secret, PINK, Bath & Body Works, La Senza and Henri Bendel, achieved net sales of $2.984 billion in Q2, an 8.3% increase over the $2.755 billion reported for the same period the previous year, and comparable store sales increased 3%. The company also announced that Denise Landman, CEO of PINK, will retire at the end of 2018. While net sales and comp sales increased, other financial indicators were down for the quarter, which ended August 4, 2018. Earnings per share dropped to $0.36 from $0.48 for the same period in 2017; operating income fell to $228.1 million from $300.9 million; and net income dipped to $99.0 million from $138.9 million.

Clobotics Names Ex-Walmart CIO To Advisory Board

Clobotics, a computer vision solution provider for the retail and wind power industries, has named Kevin Turner to its Board of Advisors. Turner has extensive experience in both technology and retail: he served as CIO of Walmart from 2000 to 2002, President and CEO of Sam’s Club from 2002 to 2005 and was COO of Microsoft from 2005 to 2016. Turner is currently Vice Chairman and Senior Advisor to the CEO for Albertsons Companies and serves on the Board of Directors for Nordstrom.

RetailMeNot Names Amazon Exec As New CTO

Vivek Sagi, most recently head of product and engineering for Amazon Business Procurement Solutions, has been named Chief Technology Officer at RetailMeNot. Sagi joined Amazon in 2013 as CTO of Woot.com, where he led the software engineering, business analytics and product teams. He later moved to Austin, Texas to start Amazon Business Procurement Solutions, where he led global product and engineering for e-Commerce giant’s B2B marketplace. Prior to Amazon, Sagi held executive positions at companies including Vungle, NewBrandAnalytics and ServiceLive. Early in his career, he was a consultant for Deloitte.

Lowe’s Hires Former CVS Exec AS Chief Financial Officer

Lowe’s has appointed David M. Denton as EVP and Chief Financial Officer. Denton currently serves as EVP and CFO of CVS Health; he will join Lowe’s after CVS closes its acquisition of Aetna, which is scheduled for the second half of 2018. Denton will succeed Marshall A. Croom, who retires from Lowe’s in October 2018 after serving 21 years. Denton will bring more than 25 years of finance and operational expertise to the home improvement retailer. At CVS, he is responsible for all aspects of financial planning and management. Since his appointment as CFO in 2010, Denton restructured CVS Health’s balance sheet and implemented a comprehensive capital allocation program designed to enhance shareholder value. He also played a role in the company’s pending acquisition of Aetna.

Skava Promotes Product And Technology VP To CTO

Global e-Commerce technology provider Skava has promoted Khurram Khan to the role of Chief Technology Officer. Khan, who will report to CEO Arish Ali out of the company’s San Francisco headquarters, will be responsible for overseeing all aspects of product and services delivery from Skava’s Manhattan office. “Khurram has been a strategic leader and has played a key role in transforming Skava into a leader in e-Commerce technology,” said Ali in a statement. “He will focus on making sure we stay ahead of the curve with our microservices based technology and continue to serve innovative product offerings to enterprise brands and retailers.”

Advance Auto Parts Appoints Permanent CFO, New Supply Chain EVP

Advance Auto Parts has named Jeffrey W. Shepherd as EVP and CFO and Reuben E. Slone as EVP of Supply Chain. Additionally, the company appointed Dunkin Brands Executive Chairman Nigel Travis to its Board of Directors. Shepherd has served as the interim CFO of Advance Auto Parts since April 2018 alongside his other roles as Controller and Chief Accounting Officer. Most recently, he served as Controller for General Motors Europe. Shepherd served in various accounting and finance leadership roles at General Motors and worked at Ernst & Young for more than 15 years prior.

Monetate Names New CEO

Personalization software provider Monetate has appointed Stephen Collins to the post of CEO. He will be responsible for leading the drive in Monetate’s next phase of growth and helping expand its AI-driven personalization solutions. Collins succeeds Lucinda Duncalfe, who is stepping down from the position she has held since 2014 but will remain active by serving as a member of the Board of Directors.

PIM Solution Provider Names New CMO

Product information management (PIM) solution provider inRiver has named Steve Gershik to the post of Chief Marketing Officer. He will lead the company’s global marketing organization, helping drive innovation and growth as the company enters new geographies and markets. Prior to joining inRiver, Gershik was Founder and Principal of Koyne Marketing, a customer marketing and advisory firm, and also served as CMO and Chairman of 28 Marketing, a demand generation consultancy. He has held marketing posts at companies including SiriusDecisions, Eloqua and Swrve.

Nordstrom Hires Tesco Exec To Fill CTO Position

Nordstrom has appointed Edmond Mesrobian as its new Chief Technology Officer, finally filling the role after the January 2017 departure of CTO Kumar Srinivasan. As CTO, Mesrobian will be responsible for supporting the retailer’s digital and technology capabilities while expanding customer reach and engagement.
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