Kari Kauniskangas, president and CEO of Fiskars Corporation, announced that he will resign from his position. The board of directors has appointed Teemu Kangas-Kärki interim president and CEO and president, SBU Functional. Kangas-Kärki is the deputy to the CEO and Fiskars’ COO.
Robert Davis has resigned as Rent-A-Center CEO and director effective immediately. Chairman Mark Speese, the company’s founder and former chief executive, will serve as interim CEO of the company until a permanent successor is named.
In a filing with the United States Securities and Exchange Commission, Alden Global Capital revealed that it has purchased 7.9 million shares of Pier 1 Imports stock, taking a 9.5% stake in the company, and expressed a desire to become involved in directing the retailer’s business.