FINANCE

Cabela’s names financial exec to board

BY Dan Berthiaume

Sidney, Neb. – Cabela’s Inc. has named Donna M. Milrod to its board of directors. Milrod has been the chief administrative officer of The Depository Trust & Clearing Corporation (DTCC) since October 2012, with responsibilities for DTCC’s finance, operations, regulatory relations, business continuity, vendor management, and security functions.

Prior to joining DTCC, Milrod served as deputy CEO of Deutsche Bank North America (DBA) from 2009 to October 2012. Milrod joined Deutsche Bank in September 1999 and held a number of other senior positions at the company, including assistant treasurer of the Americas. In addition to joining Cabela’s board, Milrod has been appointed to the board of directors of World’s Foremost Bank, Cabela’s wholly-owned bank subsidiary.

“Donna is a proven leader and brings a wealth of regulatory, finance, and capital markets experience,” said Tommy Millner, Cabela’s CEO. “The board and Cabela’s will greatly benefit from Donna’s insights and knowledge.”

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News

The Home Depot Canada prepares for spring

BY CSA STAFF

The Home Depot Canada is currently hiring 6,300 employees across all 180 locations to support its busiest season — spring.

"Spring gives us the opportunity to find the best associates, who are passionate about customer service," said Bill Lennie president, the Home Depot Canada. "From Vancouver to St. John’s, we are about building meaningful, sustainable careers."

The Home Depot Canada has 500 career events scheduled across Canada. In addition, the retailer will host its very first National Hiring Day Wednesday, Feb. 12, from 4-8 p.m. at all Home Depot Canada locations. Potential candidates are invited to attend to learn more about available employment opportunities.

The company is hiring full-time, part-time and seasonal positions, such as sales associates, cashiers, design professionals, department supervisors and night operators. Job opportunities are available on a market-by-market basis and are based on individual store needs.

"The Home Depot Canada lives by its core values, including taking care of its people," said Kim Forgues, VP, human resources, communications and sustainability, the Home Depot Canada. "That’s why we continue to invest in our 28,000 associates across the country. We want to ensure our customers continue to receive the value they deserve, while being provided with first class customer service."

The retailer also encourages job seekers to visit the career website at www.homedepot.ca/jobs to view all current openings and scheduled career events.

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OPERATIONS

CVS will cease tobacco sales in October

BY Dan Berthiaume

Woonsocket, R.I. – CVS will stop selling cigarettes and other tobacco products at its more than 7,600 CVS/pharmacy stores across the U.S. by October 1, 2014. CVS/pharmacy will be the first national pharmacy chain to take this step.

CVS will also launch a national smoking cessation program this spring, expected to include information and treatment on smoking cessation at CVS/pharmacy and MinuteClinic along with online resources. The program will be available broadly across all CVS/pharmacy and MinuteClinic locations and will offer additional comprehensive programs for CVS Caremark pharmacy benefit management plan members to help them to quit smoking.

CVS management estimates it will lose around $2 billion in annual revenues from lost tobacco sales, including around $1.5 billion in tobacco sales and $500 million in sales of other products to tobacco customers. This represents around 17 cents per share and $0.06 to $0.09 in earnings per share.

"Ending the sale of cigarettes and tobacco products at CVS/pharmacy is the right thing for us to do for our customers and our company to help people on their path to better health," said Larry J. Merlo, president and CEO, CVS Caremark. "Put simply, the sale of tobacco products is inconsistent with our purpose."

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