AnnTaylor Hires New Financial Chief
New York City, AnnTaylor Stores Corp. on Monday named Michael J. Nicholson executive VP and CFO, effective immediately. Nicholson replaces James M. Smith, who resigned in August to pursue other interests, according to the company.
Nicholson was most recently executive VP, COO and CFO for Limited Brands Inc.’s Victoria’s Secret Beauty Co.
TJX Names Two New Board of Directors
Framingham, Mass., The TJX Companies elected Jose B. Alvarez and Alan M. Bennett to its board of directors.
Alvarez has been president and CEO of Stop & Shop/Giant-Landover since 2006. He joined in 2001 and was most recently executive VP, supply chain and logistics.
Bennett served as senior VP and CFO of healthcare company Aetna, Inc. from 2001 to 2007. He previously held other senior financial-management positions at that company, including controller and director of Internal Audit. He joined Aetna in 1995 as CFO, Aetna Business Resources.
Safeway Unveils Solar-Powered Grocery Store
Pleasanton, Calif., Safeway Inc. has unveiled its first-ever solar powered grocery store. Solar panels will provide energy for the 55,000-sq.-ft. store in Dublin, Calif. The store’s gas station is already powered by wind energy.
The company has also invested in other retail-based energy-savings strategies to reduce its carbon power demand, including new energy-efficient refrigeration and lighting.
In other news, Safeway said Wednesday it promoted Michael R. Minasi to president of marketing. He had been senior VP of marketing.
Minasi joined Safeway in 1996 after holding numerous positions at Toys “R” Us Inc.