Best Buy Appoints New Board of Directors Member
Minneapolis Best Buy Co. announced the appointment of G. Mike Mikan to its board of directors. Mikan’s term will expire in 2009.
Mikan was appointed executive VP and CFO, UnitedHealth Group, in November 2006. Mikan previously served as CFO for UnitedHealthcare and CFO for Specialized Care Services (now OptumHealth).
Duane Reade Chief Marketing Officer Resigns
New York Duane Reade Holdings announced that David D’Arezzo, senior VP and chief marketing officer, has resigned from the company to assume a senior-management position at a large southwest regional company.
D’Arezzo’s resignation will be effective on April 17. The company said it has initiated a search to fill the chief marketing officer position.
RadioShack CEO Made $2.5M in 2007
New York City Julian C. Day, the chairman and CEO of RadioShack, received compensation of about $2.5 million in 2007, 87% less than the $19 million he made when he joined the company in 2006.
Day received a base salary of $1 million and a performance-based bonus of $1.5 million last year.
He received $8,553 in other compensation, including $1,538 in company contributions to his employee-benefit plans, $5,355 in perks and other personal benefits, and $1,659 in premiums for a life-insurance policy.
He received no stock-option awards, in contrast to last year, when he received stock options that the company valued at $17.9 million the day they were granted.