OPERATIONS

Barneys promotes Daniella Vitale to COO

BY Staff Writer

New York — Barneys New York said Tuesday it has promoted Daniella Vitale to the newly created position of COO.

Vitale, since December 2010, has served as the retailer’s chief merchant and executive VP of women’s merchandising and Barneys.com.
With her promotion, Vitale will direct store operations as well as women’s merchandising and barneys.com as chief merchant of the retailer.

Prior to Barneys, Vitale was president of Gucci America.

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Apr-12-2013 08:24 am

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M.Donovan says:
Apr-12-2013 08:24 am

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OPERATIONS

Michaels launches search for new CEO

BY Staff Writer

Irving, Texas — Michaels Arts and Crafts said Friday it will be seeking a new top executive to replace CEO John Menzer, who has resigned to recover from a stroke.

After Menzer suffered a stroke in April, Michaels created an office of the CEO comprised of Lew Klessel, interim COO and a managing director of Bain Capital, and Chuck Sonsteby, Michael’s chief administrative officer and CFO. The pair will continue to lead the company until Menzer’s successor is hired.

Menzer served as CEO of Michaels for the past three years and prior to that he held a variety of senior leadership roles at Wal-Mart Stores Inc., including CFO and CEO of the company’s international division.

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Former Sears interim CEO Johnson named CEO of spun-off unit

BY Katherine Boccaccio

Hoffman Estates, Ill. — Sears Holdings Corp. said that former interim CEO Bruce Johnson will serve as president and CEO of Sears Hometown and Outlet Stores once the unit is spun off from the retailer.

Johnson served as interim CEO of Sears Holdings from 2008 to early 2011.

Last February, Sears Holdings announced it would spin off its Sears Hometown and Outlet businesses in an effort to raise an expected $400 million to $500 million.

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