OPERATIONS

American Eagle Outfitters names former Guess exec as Asia Pacific head

BY Katherine Boccaccio

Pittsburgh — American Eagle Outfitters said Wednesday it has named Kitty Yung to the position of EVP/president of Asia Pacific, charged with supporting the chain’s global geographic and channel growth “while aligning with our strategic plan of fortifying core assets, growing North America and transforming to a global omni-channel competitor …,” said Robert Hanson, CEO.

Yung was previously president, Asia Pacific at Guess Inc., growing the business to over 200 stores in Greater China, and is expected to be instrumental in the expansion of AEO’s brands and company-operated stores across China.

The company also promoted Simon Nankervis to SVP, Americas and Global Country Licensing, putting him in charge of AEO’s U.S., Canada and Mexico stores, as well as real estate and country licensing.

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Morgan’s Foods taps Action Services Group for sign/exterior lighting services across six states

BY Staff Writer

Aston, Pa. — Action Services Group, a national retail and commercial lighting, sign and electrical maintenance and service company announced a service agreement with Morgan’s Foods Inc., operator of KFC, Taco Bell, Pizza Hut Express and A&W restaurants under franchises licenses, to perform sign and exterior lighting service and maintenance for 73 of their franchise units.

The agreement covers on-demand sign and exterior lighting maintenance and repair services for the 73 units located throughout Ohio, Pennsylvania, New York, West Virginia, Missouri and Illinois.

In addition Action Services Group will provide annual sign and electrical inspection, annual sign cleaning of exterior store signs, and relamping signage and exterior fluorescent lighting once every two years.

Action Services Group provides lighting, sign and electrical maintenance services, re-lamping and LED retrofit services to retail store chains and restaurant chains, commercial building operators and educational and healthcare institutions across the United States and Canada. Using a proprietary, web based service management system, ServicePoint Solutions, Action Services Group stores and tracks all location asset data after the initial service call virtually eliminating return-trip service charges, tracks all product warranty information to maximize cost savings and measures each service call with a customer satisfaction survey at the site level.

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OfficeMax, Office Depot name CEO search committee

BY Marianne Wilson

New York — OfficeMax and Office Depot on Tuesday announced they have formed a search committee to select a CEO for the combined company. They also said they have received a request for more information from the Federal Trade Communication about their planned merger.

The selection committee will be co-chaired by Office Depot board member Nigel Travis, CEO of Dunkin Donuts, and OfficeMax board member Jim Marino, former president and CEO of Alberto Culver Company. The other members are Office Depot directors Tom Colligan and Marty Evans; Rakesh Gangwal, non-executive chairman of the board of OfficeMax; and OfficeMax director Francesca Ruiz de Luzuriaga.

The committee will oversee a comprehensive search process that will consider both incumbent CEOs – Office Depot’s Neil Austrian and OfficeMax’s Ravi Saligram – as well as external candidates.

The two chains said in February they planned to combine in an all-stock deal worth about $1.2 billion, but many details, including the name of the combined entity and the location of its headquarters, have yet to be determined. In a filing with the Securities and Exchange Commission on Tuesday, the retailers said those details will be decided when a new board of directors is formed, and take into consideration the recommendation of the CEO once he or she is appointed.

The two companies also announced the members of a committee that will oversee the integration planning process. Office Depot CEO Austrian and OfficeMax CEO Saligram will lead this effort. OfficeMax CFO Bruce Besanko and Office Depot CFO Mike Newman will serve as co-chairs.

The FTC request for more information will extend the antitrust waiting period at least 30 days, until the companies have given the agency the details sought.

The companies said the request for more information was expected and they remain "optimistic" about clearing regulatory hurdles.

The deal is expected to close by the end of the calendar year.

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N.Stephan says:
Apr-09-2013 06:51 pm

This is great for all the people at office depot, since the company has only been hanging on by a thread from investor money, but now that they are teaming up they should do fine. Hope they chose a wise CEO, and take a look at how many brick and mortar stores they have so close to each other! I wonder if they are looking for any seo services for the merge information they will be releasing? What are your thoughts?

N.Stephan says:
Apr-09-2013 06:51 pm

This is great for all the people at office depot, since the company has only been hanging on by a thread from investor money, but now that they are teaming up they should do fine. Hope they chose a wise CEO, and take a look at how many brick and mortar stores they have so close to each other! I wonder if they are looking for any seo services for the merge information they will be releasing? What are your thoughts?

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