Abercrombie CFO Jumps to Kellwood
New York City Michael W. Kramer, CFO of Abercrombie & Fitch, is leaving to take the top post at apparel maker Kellwood Co., according to the companies.
Kramer, 43, will become president and chief executive as of Aug. 18 at Kellwood, whose brands include Baby Phat and Sag Harbor. He replaces Robert C. Skinner Jr., who had been chairman, president and CEO and who will resign from Kellwood to pursue other interests.
Chesterfield, Mo.-based Kellwood was taken private by Sun Capital Securities Group LLC in a deal that closed in February.
Kramer joined Abercrombie & Fitch as CFO in 2005. Before that, he was CFO, Apple retail.
Duckwall-ALCO Names New COO
Abilene, Kan. Duckwall-ALCO Stores announced Thursday that Jane Gilmartin has joined the company as executive VP and COO.
Gilmartin comes to Duckwall-ALCO Stores with nearly 30 years of retail experience. She has served in senior leadership roles with companies such as Bed Bath & Beyond, Linens ’n Things, and Ross Stores, Inc.
Walgreens Supports Diversity at Pharmacy Schools
Deerfield Walgreens has committed to donating more than $1 million annually to support initiatives dedicated to promoting diversity at the nation’s pharmacy schools. Each of the 111 accredited colleges of pharmacy across the country will receive $10,000 every year to aid their efforts at increasing diversity among pharmacy school students.
Today, fewer than 12% of students pursuing pharmacy degrees are minorities. With this new initiative, Walgreens hopes more students will be encouraged to consider the contributions they could make as front-line health professionals in America’s corner drug stores.