Wal-Mart Stores chairman Rob Walton, 69, announced the appointment of Greg Penner, 44, as vice chairman at the company's shareholders' meeting Friday morning, a move that positions Penner, Walton 's son-in-law, as his successor.
The National Association of Chain Drug Stores has elected new officers, one new executive committee member and three new board of directors members for the coming year during its annual meeting this weekend.
Following up on last week’s commentary (A dot com disconnect and Canadian e-commerce opportunity revealed), the legislative loophole that has U.S. retailers at a disadvantage to their Canadian counterparts was on display again this week during congressional testimony in Washington, D.C. Offering testimony was Katherine Lugar, EVP public affairs for the Retail Industry Leaders Association (RILA), a trade organization where Target chairman, president and CEO Gregg Steinhafel serves as chairman of the board of directors.
Charming Shoppes has announced the appointment of Anthony Romano as the company's president and CEO and a member of the company's board of directors, and the appointment of Brian Woolf as group president Lane Bryant, effective immediately.
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.