Best Buy China’s Chairman Resigns
Shanghai, Best Buy Co. said the VP, chairman and general manager of its China division, Weimin Lu, resigned for personal reasons, according to The Wall Street Journal.
Best Buy spokesman Ron Channg denied media reports that Lu’s departure was related to the division’s failure to meet targets.
“Our sales results grow by the day. The fact that we’re going to open our second store in China next week demonstrates our optimism about our prospects in China,” Channg said.
Best Buy is still seeking a successor for Lu.
J. Crew President to Leave
New York City, J. Crew Group Inc. said Tuesday its president Jeffrey Pfeifle will leave the company, effective Feb. 1.
No reason was given for his departure. Since he is not expected to be replaced, other executives will assume his duties.
In November, the company reported third-quarter profit rose 3% on higher retail, Internet and catalog sales, beating Wall Street expectations.
FMI Presents Glen P. Woodard, Jr., Public Affairs Award to Giant Food VP
Barry Scher, VP, public affairs at Giant Food Inc. and Ahold USA, recently received the Food Marketing Institute (FMI) 2008 Glen P. Woodard, Jr., Public Affairs Award recognizing his leadership in helping the retail food industry address important government issues. FMI president and CEO Tim Hammonds presented the award at the association’s 2008 Midwinter Executive Conference in Scottsdale, Ariz.
Scher’s career spans more than 41 years. He led a three-year campaign to repeal blue laws in Maryland which prohibited shopping on Sundays. As a former board member and board chair of the Treatment and Learning Centers for Disabled Children and Adults, Scher helped the food industry shape the Americans With Disabilities Act of 1990.
As a founding board member of the Capital Area Food Bank, he has helped raise millions of dollars to provide the hungry with enough food for 16 million meals each year.