Cabela’s names next CEO of World’s Foremost Bank
Sidney, Neb. — Cabela’s Inc. announced Thursday that its has named Sean Baker president of World’s Foremost Bank and the division’s next CEO, effective Jan. 1.
The move is part of a planned succession strategy that will put Baker in place as current CEO Joseph Friebe takes his previously announced retirement.
Baker began his career with Cabela’s as a financial analyst in 1997 and most recently served as senior VP business development, for World’s Foremost Bank.
Axonify and Toys ‘R’ Us Canada team toward employee training
Waterloo, Ontario — Axonify Inc. said Thursday that Toys ”R” Us Canada has selected Axonify’s next generation eLearning platform to deliver training content to its employees.
Axonify said it will assist Toys “R” Us Canada in integrating learning into the daily activities of its more than 5,000 associates, while providing a personalized experience that addresses a variety of generations, knowledge levels and learning styles.
“This represents an important investment in our employees and emphasizes our focus on enhancing service levels and creating an increasingly positive shopping experience for our customers,” said Mary Hewton, VP human resources at Toys ”R” Us Canada.
Best Buy reportedly reaches out to Schulze to resume talks
Minneapolis — A Thursday report by Bloomberg, citing unnamed sources, said that Best Buy Co. has rekindled its talks with co-founder Richard Schulze about an agreement that would allow Schulze to launch due-diligence efforts toward his proposed acquisition of the company.
Best Buy reportedly reached out to Schulze shortly after announcing quarterly earnings on Aug. 21 that missed Wall Street estimates, according to one of the unidentified sources, who also said that both parties could reach an agreement later this week.
Schulze refused Best Buy’s earlier offer to access confidential financial information because of what he deemed overly restrictive limitations such as curbing his contact with the board to gain information necessary toward the due diligence process.
Another sticking point has been that Best Buy is asking for a fully committed offer from Schulze within 60 days; Schulze said he needs 90 days to obtain financing. Impasses such as these brought the talks to a halt on Aug. 19, but sources say both sides are now willing to com