Birks & Mayor to change name to Birks Group
Montreal — Luxury jewelry store operator Birks & Mayors Inc. announced that effective Oct. 1, its corporate name will be changed to Birks Group Inc. and its ticker symbol will be changed to BGI.
Jean-Christophe Bédos, president and CEO, commented, "The change in the corporate name to Birks Group Inc. better represents our corporate structure as the companies forming part of the Birks Group carry on business under the retail brands of "Maison Birks" across Canada, "Mayors" in the States of Florida and Georgia, and "Brinkhaus" in Vancouver, British Columbia and Calgary, Alberta. Signage reflecting this new trade name will be changed at our current retail stores over time while signage at our new stores already reflects this change."
Birks & Mayors Inc. is a leading operator of luxury jewelry stores in the United States and Canada. As of September 30, 2013, the company operated 30 stores under the Maison Birks brand in most major metropolitan markets in Canada (signage reflecting this new trade name will be changed at our current retail stores over time while signage at our new stores already reflects this change), 20 stores in the Southeastern U.S. under the Mayors brand, one store under the Rolex brand name and two stores in Calgary and Vancouver under the Brinkhaus brand.
Changing of guard at Sheetz as Joe Sheetz assumes CEO role
Altoona, Pa. — Joe S. Sheetz, executive VP of finance and store development for Sheetz, will assume the position of president and CEO, beginning Oct. 1.
Current chief executive Stan Sheetz leaves the presidency after 18 years and will stay active in the convenience store chain in the role of chairman.
"We made the decision last year for Joe to take over as president and chief executive officer," said Stan Sheetz. "I’m excited to say that his transition is complete and I look forward to watching him develop. Joe has a well-rounded background within the company. His experience as leader of several departments has fully prepared him take Sheetz to new heights."
Joe graduated from the Wharton School of Business at The University of Pennsylvania and started working for the family business as director of personnel in 1995.
Walmart Foundation names new president
Bentonville, Ark. — Walmart announced that Kathleen McLaughlin, 48, has been named president of the Walmart Foundation, effective Oct. 15.
In addition to leading corporate giving, she will have responsibility for the company’s global sustainability, women’s economic empowerment initiatives and healthier food initiatives.
McLaughlin, previously a senior partner at global consulting firm McKinsey & Company, is a dual American-Canadian citizen and was based in Toronto.
"At Walmart we feel a responsibility to lead on some of the biggest global challenges of our time," said Mike Duke, Wal-Mart Stores, Inc. president and CEO. "We are using the size, scale and strengths of our business to make a positive impact in these areas and the Walmart Foundation plays a major strategic role in making this model work. Kathleen has a personal passion for making a difference on social issues and the business expertise to help successfully develop and implement real, long-term solutions."