Target’s board of directors has elected Christine (Chris) Leahy, president, chief executive officer and director of CDW, and Derica Rice, former executive vice president of CVS Health and president of CVS Caremark, as directors.
The Container Store said that Walter Robb will step down from the company’s board of directors, effective December 31, 2020, in order to focus on other business endeavors.
The Cookware Manufacturers Association (CMA) has elected a new board member, Mike Otterman, CEO of Lodge Manufacturing Company, and reelected three board members to serve a second three-year term: Kurt Mecray, consumer marketing manager at PPG; and Chris Welch, director of marketing at Bradshaw Home.
Overstock’s board of directors has appointed Barbara Messing as its newest independent director on August 4. Messing most recently held the role of svp/chief marketing officer for Walmart U.S., leading the marketing organization across the stores and e-commerce business while developing and amplifying brand strategy.
With an effective date of June 30, Office Depot’s board of directors has approved a reverse stock split of the company’s common stock at a ratio of 1-for-10.
The board of directors of Overstock has appointed William Nettles as a new independent director. Nettles is a co-founder and managing partner of Invictus Growth Partners, a private equity firm located in San Francisco that invests in and advises automation-enabled technology companies.
Bed Bath & Beyond has appointed Harriet Edelman as independent chair of the board, effective immediately. Patrick Gaston has stepped down as chairman of the board and, after 13 years as a director of the company, has notified the board that he does not plan to stand for re-election at the company’s 2020 annual meeting of shareholders.
Williams-Sonoma’s Adrian Bellamy will retire as chair of the board of directors, effective June 3, 2020, the date of the company’s annual meeting of stockholders. The board has appointed Scott Dahnke to succeed Bellamy as the new chair.
Nordstrom has appointed two new members to its board of directors: Jim Donald, co-chairman of Albertsons board of directors and Mark Tritton, president and CEO of Bed Bath & Beyond.
Kohl’s board of directors has increased the size of the board to 12 members and appointed Kroger’s Yael Cosset to fill the new board seat effective February 2, 2020.
Bed Bath & Beyond has received Executive Women of New Jersey’s (EWNJ) 2019 Corporate Board Gender Diversity Award in recognition of the company’s impactful level of gender inclusion by having three or more women on its board of directors.
Ulta Beauty has appointed Mike Smith, president and chief operating officer of Stitch Fix, to its board of directors.
Kohl’s has increased the size of its board of directors to 11 members and elected Michael Bender to fill the new board seat effective immediately.
J.C. Penney has elected W. Paul Jones, a retail industry veteran with more than 30 years of department store and specialty retailing experience, to its board of directors.
An activist investor group, Legion Partners Holdings, Macellum Advisors and Ancora Advisors, said that Legion has filed a complaint in the U.S. District Court, Southern District of New York against Bed Bath & Beyond regarding the group’s proxy fight.
Following Bed Bath & Beyond’s recent changes to its board, an activist investor group composed of Legion Partners Holdings, Macellum Advisors and Ancora Advisors, have released a presentation outlining its strategic plan for the retailer. Within hours, Bed, Bath & Beyond responded.
Pressured by activist investor groups and its recent financial results, Bed Bath & Beyond is shaking up its board. The board will now comprise 10 directors, nine of whom are independent.
During its annual meeting of stockholders, Publix elected Jennifer Jenkins to its board of directors. In addition, Barney Barnett, Jane Finley and Charlie Jenkins Jr. retired from the board.
Rite Aid’s board of directors has appointed Elizabeth Burr, who most recently served as chief innovation officer and vp/health care trend and innovation at Humana, and Katherine Quinn, who currently serves as vice chairman and chief administrative officer of U.S. Bancorp, to the company’s board.
TTU has announced that Amir Tehrani, a partner of the company, has joined the company’s board of directors and will also assume a senior leadership role. The news, according to a statement on the TTU website, comes on the heels of Dar Molayem, co-founder, president and CMO, announcing his retirement.