OPERATIONS

Books-A-Million names corporate development analyst

BY Staff Writer

Birmingham, Ala. — Books-A-Million has named Michael Rediker as corporate development analyst. Rediker will be responsible for identifying, analyzing and implementing strategic corporate initiatives within the organization, including new business growth opportunities.

Rediker was most recently with the investment banking firm Paces Battle Group Inc. where he also provided a broad array of transactional and other corporate finance services to bank and thrift clients.

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Report: Best Buy founder recruiting executive team

BY Marianne Wilson

New York — Richard Schulze, the founder of Best Buy, is recruiting a team of managers to run the company should his attempt to take the company private be successful, according to a report by Bloomberg.

“He is talking to people he trusts. There is a small group he’d like to have with him in righting the ship,” J.D. Wilson, senior VP of enterprise capabilities, said in an interview with Bloomberg.

Wilson said his position is being eliminated as part of Best Buy’s planned cutbacks.

Schulze, 71, currently holds a 20% stake in Best Buy.

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Retired chairman of KPMG joins Wal-Mart board

BY Marianne Wilson

Bentonville, Ark. — Wal-Mart Stores announced on Monday that the retired chairman of accounting and consulting firm KPMG International has joined its board of directors, effective immediately.

Timothy Flynn, 55, will serve as a member of the retailer’s audit committee and becomes the 17th member of Wal-Mart’s board.

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