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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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Blue Square-Israel CEO Kalimi Resigns

BY CSA STAFF

New York City Israeli supermarket retailer Blue Square-Israel Ltd. said Monday that CEO Zeev Kalimi resigned after less than three months at the helm.

The board appointed Uri Falach, VP of trade, as interim CEO until a permanent replacement is found.

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Report: U.S. CEO Exits Race for Tesco Job

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 toThe Financial Times.

The announcement ends years of speculation that the retailer’s second-in-command would step up to the top job when Sir Terry retires, the report said.

Mason said during a visit to some newly opened Fresh & Easy stores in the U.S. that he was not going to succeed Sir Terry, adding that the top job would go to a younger candidate.

The former marketing executive had been in the frame to succeed Sir Terry for some time, but speculation intensified three years ago when Sir Terry picked him to launch Tesco U.S.

The report noted that among the officers vying for the top spot are Phil Clarke, international director, and Richard Brasher, trading director. Yet, at 47 and 45 respectively, both men may be passed over for younger executives coming through the ranks. Tesco is likely to appoint someone who can comfortably sit through a 10-year tenure before hitting the age of 60.

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