Best Buy Names Exec VP
Minneapolis Best Buy announced that John Pershing has been named executive VP of human capital for the corporation.
Pershing will be in charge of recruiting, training, employee relations and employee development for about 140,000 employees at Best Buy’s operations around the world. The company’s legal department also will report to him.
Pershing joined Best Buy in 1989 as a retail manager and steadily advanced to positions of increasing responsibility.
Zale Replaces CEO
Dallas, Zale Corp. named a new CEO Thursday. The move replaces Betsy Burton, who spent less than two years heading up the jewelry-store chain.
Zale brought in retail veteran Neal Goldberg, who will also serve as president, in effort to help turn around the company that has reported widening losses and recently issued a gloomy holiday sales forecast.
Goldberg was president of The Children’s Place Retail Stores Inc., which also operates Disney stores. He has held senior jobs at Macy’s, Victoria’s Secret and Gap Inc.
Burton, who was named CEO in February 2006, will serve as a Zale consultant under a two-year contract.
President of Children’s Place Resigns
Secaucus, N.J., Children’s Place said its president, Neal Goldberg, has resigned to “pursue another business opportunity.”
Interim CEO Chuck Crovitz will assume Goldberg’s duties until a replacement can be found, the company said. Crovitz, a company director, took over Children’s Place in September after former CEO Ezra Dabah was forced out for violating internal stock-trading policies. Dabah’s sister-in-law, another executive, was also demoted at the time.