Bon-Ton appoints Spencer exec to board
York, Pa. – The Bon-Ton Stores, Inc. board of directors has unanimously elected Steven Silverstein to its board, effective immediately. Silverstein will serve on the Human Resources and Compensation Committee.
Silverstein, 53, has been president and CEO of Spencer Spirit Holdings, Inc. since 2003. The company operates two main retail brands, Spencer Gifts and Spirit Halloween. From 1992 to 2003, Silverstein served in positions of increasing responsibility at Linens ‘n Things, Inc., including president. Prior to that, Silverstein served as a divisional merchandise manager of Bloomingdale’s, Inc. He began his retail career at Macy’s, Inc. in 1981.
“We are very pleased to welcome Steven as a member of our board of directors,” said Tim Grummbacher, chairman of the Bon-Ton board of directors. “Steven possesses extraordinary experience in the retail and apparel industries and I believe his expertise and vast knowledge will be invaluable to Bon-Ton. We welcome Steven’s insight and counsel as we continue to execute our business strategies for profitable growth and increased shareholder value.”
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Kroger CEO to step down Jan. 1
Cincinnati – David B. Dillon will step down as CEO of The Kroger Co. effective Jan. 1, 2014. Dillon, 62, is a 37-year Kroger veteran who has been serving as CEO since 2003; he will remain chairman of the board.
W. Rodney McMullen, 53, Kroger’s president and COO, will become CEO on Jan. 1. McMullen joined Kroger in 1978 on a part-time basis on a stock crew and has been president and COO since 2009 and a director since 2003. He previously held a variety of senior management positions including vice chairman; executive VP of strategy, planning, and finance; and CFO.
“As Kroger implements its strategic growth initiatives, the time is right for the transition of leadership,” said Dillon. “Rodney has played a leadership role in every major decision Kroger has made for the past 25 years, including the development and implementation of Kroger’s customer 1st approach as well as our current growth strategy. He is ready to be CEO.”
Macy’s is launch partner for Apple’s new streaming music service, iTunes Radio
New York — Macy’s announced that it is an exclusive launch partner for Apple’s new iAd-supported streaming radio service, iTunes Radio. In line with the retailer’s omnichannel strategy, Macy’s said the new service will allow it to reach a broad cross-section of consumers with compelling digital, visual and audio engagement experiences on their iPhone, iPad, iPod Touch, Apple TV, Mac or PC.
“We are really excited about the unique opportunities available with iAd on iTunes Radio, because it allows us to customize an experience across multiple screens with digital, video and audio content,” said Martine Reardon, Macy’s chief marketing officer. “iAd on iTunes radio will help us deliver fashion, value and entertainment to our customers on the devices they use at home and on the go.”
In addition to the campaigns promoted on iTunes Radio, Macy’s will continue to deliver special offers and in-store savings to customers through its app for iPhone and iPod Touch.
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