ArrowStream adds CFO to executive management team
Chicago ArrowStream, a leading provider of supply chain solutions for the foodservice industry, announced that John Harvey will join the company Nov. 10 as CFO. He will be responsible for all financial aspects of the company.
Harvey will replace Mary Healy, ArrowStream’s current CFO, who announced her retirement earlier this year.
Harvey brings a wealth of experience from rapidly growing companies to ArrowStream, serving most recently as CFO of Redbox Automated Retail, LLC and then as CFO of Redbox’s publicly traded parent, Coinstar. Prior to Redbox, Harvey was with JetBlue Airways Corp. where he supported the company’s growth from an entrepreneurial start-up to a mature, $3 billion operation serving initially as VP and treasurer and then as executive VP and CFO.
Harvey’s proven ability to build financial teams, discipline and processes that deliver operational insight for rapidly growing companies is crucial as ArrowStream continues its growth trajectory. As the premier provider of supply chain solutions for the foodservice industry, ArrowStream serves blue-chip customers such as Wendy’s, Church’s Chicken, Steak n Shake, and ARCOP, Arby’s purchasing cooperative group.
Key to the company’s rapid success is The ArrowStream Network, which is the largest most extensive system of restaurants chains, distributors and manufacturers in the foodservice industry with more than 2,300 partners and more than $15 billion of transactions on an annual basis.
“When Mary announced her retirement we were concerned about finding someone with equal skills. We are thrilled about the addition of John Harvey to our executive team. His leadership, experience and core values are particularly relevant to the next phase of our evolution and will enhance our already strong financial position as we continue to expand The Network and fulfill ArrowStream’s commitment to delivering supply chain innovation and mutually beneficial solutions to our customers,” said Steven LaVoie, CEO and chairman of ArrowStream.
Report: Safeway healthcare plan part of Senate debate
New York City Safeway’s employee health-insurance program is the model for a “wellness provision” in a healthcare reform bill that passed the Senate Finance Committee last week by an unusually bipartisan 18-4 vote. The provision, designed to “incentivize Americans to lead healthy lifestyles in order to lower their overall healthcare costs,” would allow companies with self-insurance programs to reward employees with bonuses and/or premium reductions.
Dunkin’ Brands appoints retail veteran to global marketing role
Canton, Mass. Dunkin’ Brands, parent company of Dunkin’ Donuts, announced that retail industry veteran John Costello has been appointed to the newly created position of chief global customer and marketing officer.
Costello has previously served as the executive VP merchandising and marketing at The Home Depot, senior executive and VP of Sears, and chief global marketing officer of Yahoo. He will oversee Dunkin’ Donuts’ strategic worldwide marketing efforts and brand identity, serving as head of the Dunkin’ Donuts U.S. marketing team and partnering with the operations team to further drive sales.
“John Costello is one of the most talented marketers and brand builders in the retail industry in America,” said Dunkin’ Brands’ CEO Nigel Travis.
The company also announced that Frances Allen, Dunkin’ Donuts brand marketing officer, has decided to step down after two years of distinguished leadership.