OPERATIONS

Bakers Footwear CFO to Retire

BY CSA STAFF

St. Louis Bakers Footwear Group Inc. said Tuesday its CFO Lawrence Spanley Jr. will retire in February. Charles R. Daniel III, currently controller, will replace him and take the title VP of finance and principal financial officer. Spanley spent 16 years at Bakers Footwear.

Also on Tuesday, the company said its fiscal third-quarter loss widened on lower traffic and weak boot sales.

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AutoZone names new cio, chief merchant

BY CSA STAFF

MEMPHIS, Tenn. AutoZone today announced that, effective immediately, Jon Bascom, vp of Information Technology, has been promoted to senior vp of Information Technology and cio. Additionally, Mark Finestone, vp of merchandising, has been promoted to senior vp of merchandising, effective immediately.

“With these promotions, we continue to strengthen our senior leadership team with seasoned and accomplished AutoZoners,” said Bill Rhodes, chairman, president and ceo. “Jon and Mark have proven leadership abilities and their experiences will serve this company at a very high level for many years to come.”

The company also announced Ken Brame, vp of  Information Technology and cio will retire from the company effective Jan. 11, 2008.

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Report: Mason not take helm at Tesco, job to go to younger candidate

BY CSA STAFF

LONDON Tim Mason, ceo of Tesco’s Fresh & Easy stores in the United States, is not looking to succeed Sir Terry Leahy as head of Tesco, according to reports.

As reported by the Financial Times, Mason said in a visit to some of the Fresh & Easy stores that he would not being following in Leahy’s footsteps and that the position would go to a younger candidate. Mason is 50 years old.

Among the officers vying for the top spot are Phil Clarke (47), international director, and Richard Brasher (45), trading director, both want the top job, the Times reported. However, they may be passed over for younger executives.

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