Big Lots names execs
Columbus, Ohio Big Lots announced Friday that Joe R. Cooper and Lisa M. Bachmann have been named executive VPs for the company.
Cooper has served as CFO and senior VP since January 2005. He will now take on the additional responsibility of handling the company’s loss prevention and risk management components.
Cooper takes over the loss prevention and risk management responsibilities from Brad Waite, who is retiring after 22 years with the company.
Bachmann has served as senior VP merchandise planning and allocation since March 2002 and added chief information officer responsibilities in July 2005. She will continue as CIO and take on the additional role of executive VP supply chain management.
Target names new board member
Minneapolis Target Corp. announced that chairman, president and CEO John Stumpf of Wells Fargo & Co. has been appointed to its board of directors, effective immediately. Stumpf will replace George Tamke, who retired from the board on March 9.
Stumpf is a 28-year veteran at Wells Fargo, having joined the former Norwest Corp. (predecessor of Wells Fargo) in 1982. He was named CEO in June 2007, elected to Wells Fargo’s board of directors in June 2006, and has been president since August 2005.
George Tamke has served on Target’s board since 1999. He is a partner at Clayton, Dubilier, & Rice, a private investment firm.
Target also announced today that Richard Kovacevich, former chairman and CEO of Wells Fargo & Co., intends to retire from Target’s board of directors on Dec. 31. Kovacevich has served on Target’s board since 1996.
Hibbett Sports CEO steps down, replaced by COO
Birmingham, Ala. Hibbett Sports said chairman and CEO Mickey Newsome will give up the CEO’s job and be replaced by the sporting goods chain’s COO Jeffry O. Rosenthal next Monday.
The Rosenthal is also the company’s president. He was VP merchandising and marketing before his current jobs, and held executive jobs with another retailer, Champs Sports, from 1981 to 1998.
Newsome will become executive chairman on Monday, the company said.
Newsome rose through the company, starting as a retail clerk, store manager and regional manager. He was named president in 1981 and became CEO in 1999 and chairman in 2004.
The company operates stores in strip centers and malls in smaller cities in the Southeast, Southwest, Mid-Atlantic and Midwest.