BJ’s announces executive changes
Natick, Mass. — BJ’s Wholesale Club announced that Robert W. Eddy, senior VP, director of finance, has been named executive VP and CFO, and Cornel Catuna, BJ’s senior VP field operations, has been named executive VP club operations. These management changes will be effective on Jan. 30.
The company also announced the retirements, effective Jan. 29, of Frank Forward, executive VP and CFO, and Thomas F. Gallagher, executive VP club operations. Forward’s retirement is a planned transition that has been under discussion since 2007, when Eddy joined the company to help manage the finance division. Gallagher has decided to retire for health reasons.
Bond steps down as Asda chairman
London — A Tuesday report by the Financial Times said that Andy Bond, former CEO of Asda, has left his post of part-time chairman of the United Kingdom’s second biggest supermarket by market share, a position that he has held for less than a year.
The report also said that Bond will leave Walmart as well, which owns Asda, once its $2.4 billion deal to acquire a majority stake in South Africa’s Massmart is complete around the end of March.
Bond announced last April that he was leaving Asda but would stay on as part-time chairman for at least six months. He was succeeded as CEO in May 2010 by Andy Clarke.
Since becoming chairman of Asda, Bond has been working on international opportunities for Walmart, and led the negotiations to acquire Massmart.
Claire’s appoints president, North American division
Chicago — Claire’s Stores announced the appointment of Jay Friedman as president of the North American Division, reporting to Gene Kahn, CEO effective immediately.
Friedman joins Claire’s from Jones Apparel Group where he was most recently president, and CEO, Jones Retail Corp., Nine West Group.