The Bon-Ton Stores announced its board of directors unanimously approved an amendment to Bud Bergren’s employment agreement, which states Bergren will continue to serve as president and CEO through Feb. 5, 2012.
RadioShack said Monday its chairman and CEO Julian Day is leaving and announced disappointing fourth-quarter guidance. Day, 57, will retire as chairman, CEO and a director as of its annual shareholder meeting on May 16.
The next chapter for CVS Caremark officially is under way as the company announced on Monday the next stage of its previously announced transition plan and officially named Larry Merlo, president and COO, as CEO, effective March. 1.
J.C. Penney on Monday unveiled a restructuring plan, which includes close five department stores and one home store, because they are no longer profitable enough.