A&P names board member to executive post
Montvale, N.J. The Great Atlantic & Pacific Tea Co. on Friday named one of its board members, Frederic F. Brace, to a new executive post as chief administrative officer.
Brace, whose appointment took effect immediately, is the latest addition to the supermarket chain’s executive team under president and CEO Sam Martin, who was named on July 23 to replace Ron Marshall. On Wednesday, Paul Hertz was named as A&P’s executive VP operations.
On Aug. 13, the operator of the A&P chain and other supermarkets said it would close 25 stores in five states as part of its turnaround strategy.
Brace will oversee A&P departments in charge of finance and accounting, real estate and information systems. Brace spent 20 years with United Airlines, where he held a variety of executive positions, most recently as executive VP and CFO. He left United in 2008.
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Lowe’s names former McDonald’s chief to board
Mooresville, N.C. Lowe’s Cos. said Friday it has appointed former McDonald’s Corp. president and CEO Raul Alvarez, 55, to Lowe’s board of directors.
Alvarez, who led McDonald’s from 2006 until his retirement in December 2009, will serve on the board’s governance and audit committees.
With Alvarez, Lowe’s board of directors increases to 12 members, 11 of which are independent directors.
Retail Gift Card Association names president, executive director
Miami The Retail Gift Card Association (RGCA) today announced that Andrew Rowe is joining the association as president and executive director. In this capacity, Rowe will be responsible the day-to-day management of the association, building membership, tracking legislative issues that affect gift-cards and working with the board of directors to further the association’s objectives.
Prior to joining The RGCA, Rowe held a number of positions at SourceMedia, where his career spanned 14 years. Most recently he was VP/group publisher of the Payments Group where he oversaw the development of PaymentsSource.
Founded in 2008, the Retail Gift Card Association is a member organization of diverse, closed loop gift card retailers committed to promoting and protecting the use of gift cards. RGCA members follow a code of principles, which promotes best practice standards to help the industry grow and shape it in ways that benefit both members and consumers.
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