Target Corporation announced that Brian Cornell has committed to remain as CEO and lead the company for approximately three more years.
Additionally, the company announced that Arthur Valdez, executive vice president and chief supply chain and logistics officer, will retire from Target. He will be succeeded by Gretchen McCarthy, senior vice president, global inventory management. McCarthy will also join Target’s leadership team.
With 64-year-old Cornell’s commitment, Target’s board of directors eliminated its retirement policy, which was designed to initiate a discussion regarding the possible retirement of its CEO at the age of 65.
McCarthy will report to John Mulligan, Target’s executive vice president and chief operating officer. Valdez and McCarthy have been partnering to steer the transition, with the former working with the Target team in an advisory role through April.
Macy’s announced that Pam Quintiliano will join the company as head of investor relations, effective Sept. 12.
In this role, Quintiliano will be responsible for leading the company’s active investor relations program, effectively communicating the company’s strategy to all classes of investors, with a goal of building and maintaining strong relationships with the investment community.
Quintiliano will succeed Mike McGuire, who previously announced his intent to retire after more than three years at Macy’s Inc. and more than a 20-year career in investor relations. McGuire will stay on through the end of September to help with the transition. Quintiliano will report to Adrian Mitchell, Macy’s Inc. chief financial officer.
Quintiliano joins Macy’s from Abercrombie & Fitch Co., where she most recently served as the group vice president of investor relations.
Qurate Retail Group announced two executive leadership appointments as the company aims to differentiate its flagship QVC and HSN brands, strengthen its customer relationships and grow its video streaming shopping business.
Soumya Sriraman, who was most recently head of Prime Video Channels at Amazon, was named president of streaming for Qurate Retail Group. Qurate Retail Group’s newest business unit, vCommerce Ventures, operates the company’s streaming service and is designed to accelerate the company’s ownership of digital live streaming shopping beyond QVC’s and HSN’s traditional multiplatform experiences. Sriraman reports to Mary Campbell, president of vCommerce Ventures.
Stacy Bowe, who previously held senior merchandising positions at G-III Apparel Group and Macy’s, was named chief merchandising officer, QVC US. In this role, Bowe will develop and lead QVC’s merchandising strategy across all product categories–from home and fashion to beauty, electronics and jewelry–to reenergize QVC’s assortments, serve customers, differentiate the brand on existing and next-generation platforms, and drive growth.
She will oversee QVC’s buying, planning and programming organization and will lead QVC’s Design Development & Global Sourcing (DDGS) team. DDGS is an in-house agency that brings new brands, products and concepts to life in apparel, accessories, outerwear and home décor. Bowe reports to Mike Fitzharris, president of QVC U.S.
The Children’s Place Inc. announced that Robert Helm, chief financial officer (CFO), would be leaving the company following a transition period of up to 30 days.
The termination of employment of Helm is not the result of any issues relating to financial disclosures or accounting matters, or any disagreements with the company on any matter relating to its operations, polices or practices.
The company is actively conducting a search for a CFO. Senior executives in the finance and accounting departments will assume the duties and responsibilities of the CFO position, working in close coordination with the company’s CEO, until a new CFO is appointed.
In connection with the termination of employment of Helm, the company and Helm entered into an agreement providing for, among other things, a release of claims by Helm, salary continuation payments by the company for six months, and agreements by Helm regarding confidentiality, non-solicitation and non-competition.
Authentic Brands Group
Authentic Brands Group (ABG), a global brand development, marketing and entertainment platform, appointed Matt O’Toole as executive vice chairman.
In his new role, O’Toole will work in tandem with ABG’s leadership team on new brand acquisitions, driving strategic initiatives, as well as supporting the global expansion of Reebok. At Reebok, O’Toole led the brand’s return to its fitness and running roots and reshaped Reebok’s performance credibility with key franchises, including Nano, Zigtech and Floatride, as well as many innovative partnerships and collaborations.
Headquartered in New York City, with offices around the world, ABG elevates and builds the long-term value of more than 50 consumer brands that have a global retail footprint across the luxury, specialty, department store, mid-tier, mass and e-commerce channels and in more than 8,500 freestanding stores and shop-in-shops around the world, generating more than $22 billion in annual retail sales.
Sparc Group, a full-service lifestyle brand operating company, appointed Todd Krinsky as the new CEO of Reebok.
Krinsky succeeds Matt O’Toole, who has been leading Reebok for over 15 years and will be joining Authentic Brands Group, owner of the Reebok brand. Krinsky most recently served as the senior vice president (SVP), Reebok Design Group, Reebok’s global hub for product design, development and innovation.
Sparc Group also announced two members joined the senior leadership team at Reebok. Erika Swan, who has been promoted to SVP of global operations and sourcing at RDG, will be responsible for the build-out of Reebok’s global operations team, which ensures the delivery of best-in-class products to partners and consumers around the world. John Moore, who was recently promoted to SVP, U.S. commercial market, has been pivotal in leading Reebok’s store strategy across the U.S and will now be responsible for expanding the brand’s distribution across the country. Krinsky will continue to be based at the brand’s Boston headquarters and will report to Marc Miller, CEO of Sparc Group.
Reebok currently operates in 80 countries with approximately 400 freestanding stores around the world. As the dedicated operating partner for Brooks Brothers, Nautica, Eddie Bauer, Aéropostale, Forever 21 and Lucky Brand, Sparc supports approximately $12.7 billion in global retail sales annually.
Cougar Shoes appointed Janelle LeBlanc as vice president of global sales.
In this newly created role, LeBlanc will spearhead the development, growth and further expansion of Cougar Shoes’ branded sales organization, including Canada, USA and international. She was previously managing director of U4IK Ltd., a B2B & DTC sales and marketing solutions company.
As part of the executive team, LeBlanc will play a key role in evolving Cougar’s footprint globally in alignment with its strategic growth plans.
Modern Meadow, a purpose-driven biotechnology company, announced Catherine Roggero-Lovisi as the company’s new CEO.
Roggero-Lovisi succeeds Anna Bakst, who will continue to serve on the company’s board of directors as executive chair.
As CEO, Roggero-Lovisi will further accelerate Modern Meadow’s next phase of growth while cementing its established position as a cross-industry leader in biofabrication innovation. She previously served as Modern Meadow’s president and chief operating officer.
Modern Meadow aims to harness the power of material science and biology to be a catalyst for the wellness of people and the planet, at scale. Modern Meadow’s proprietary Bio-Alloy and Bio-F@rm technology application platforms harness the properties of tuned proteins to sustainably move the world away from petrochemical and animal-derived inputs without compromising on performance.
Coloreel appointed Elin Wengström as vice president of marketing.
The Swedish company is known for a technology that modernizes digital embroidery and enables accurate color reproduction and creative effects, such as gradients and textures not possible to produce before.
Wengström most recently was marketing director at Stora Enso Wood Products. She will be based in Stockholm.
Material Innovation Initiative
Elissa Rosen has joined the Material Innovation Initiative as chief partnerships officer.
With nearly 18 years in the fashion and footwear industries, Rosen has worked with many brands and organizations, including Steve Madden, Nine West Group, Wolverine Worldwide, Sperry, Keds, and Hush Puppies.
At MII, she will lead the development of a strong pipeline of partnerships, expanding its footprint in corporate and nonprofit networks.
UPS announced that executive vice president (EVP) and chief diversity, equity and inclusion officer Charlene Thomas will retire after 34 years, effective Oct. 1.
Most recently, Thomas led UPS’s global diversity, equity and inclusion efforts among employees, suppliers and customers around the world. Before that, she served as chief human resources officer (CHRO), guiding the company’s efforts to transform its culture and people practices for UPS’s more than 500,000 global employees.
Upon her retirement, UPS EVP and CHRO Darrell Ford will assume the additional role of chief diversity, equity and inclusion officer.
XPO Logistics Inc., a provider of freight transportation services, announced that Jamie Harris will become chief financial officer (CFO) of RXO, the planned spin-off of XPO’s brokered transportation platform.
Harris will join XPO as CFO of the North American transportation division, effective Sept. 26, and will lead RXO’s finance operations when the separation is complete. He will report to Drew Wilkerson, who will be CEO of RXO, and currently serves as president, transportation-North America.
Harris joins XPO from global manufacturer SPX Technologies, where he served as CFO and treasurer.
XPO further announced that David Murray has joined XPO’s North American transportation division as vice president, financial shared services, and will continue to lead financial shared services while serving as treasurer of RXO once the spin-off is complete. Murray’s 22-year career includes positions as head of financial planning and analysis with IAC Group, and assistant treasurer with The Mosaic Company.
XPO intends to spin off its asset-light brokered transportation platform from its asset-based less-than-truckload business, creating two separate, publicly traded companies with vast growth prospects in North America. XPO expects to complete the spin-off in the fourth quarter of 2022.
Jesta I.S. Inc., a global developer of modular cloud solutions and unified ERP for retailers, e-tailers, wholesalers and brand manufacturers, named Jon Vacca as chief operating officer.
Vacca previously served as senior vice president at Puma North America, where he was responsible for information technology, project management, credit management and customer service. Reporting to Jesta I.S. president Arvind Gupta, he will work closely with other members of the company’s leadership team to drive overall business operations with a focus on operational efficiency and growth.
Cart.com, which enables retail brands to quickly scale their businesses and easily sell across every channel, appointed Rachel Truair as chief marketing officer (CMO).
Reporting directly to Gary Specter, president, go-to-market, Truair will work closely with the sales, business development, value realization and partnership teams and will be responsible for all aspects of marketing, including brand awareness, product marketing, corporate marketing and demand generation.
Truair joins Cart.com from Confluent, a category creator in data streaming, where she most recently served as vice president of campaigns, digital and partner marketing.
Since November 2020, Cart.com has raised nearly $400 million and acquired seven companies, with 6,000 brands on its platform and 1,400 employees.