Blockbuster board member resigns
Dallas Blockbuster said Monday Jackie Clegg has resigned from its board of directors effective March 5, having served six and a half years as a director.
Clegg’s husband, Connecticut Senator Chris Dodd, announced in January that he would not seek a sixth term.
Clegg is managing partner of Clegg International Consultants LLC, and has been a board member at Blockbuster since July 2003.
Blockbuster also said that Joseph Fitzsimmons has been nominated to fill a seat vacated by billionaire Carl Icahn, who resigned in January.
Fitzsimmons will stand for election at the company’s May 26 shareholders’ meeting, Blockbuster said.
Fitzsimmons has served as senior VP finance and treasurer of Wal-Mart Stores and CFO for Wendy’s International.
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.