FINANCE

Casey’s 4Q Profit Drops

BY CSA STAFF

Ankeny, Iowa Convenience store operator Casey’s General Stores Inc. said Wednesday its fiscal fourth-quarter profit dropped 13%, but results beat Wall Street’s expectations.

For the three months ended April 30, the company reported income of $14.4 million, compared with $16.6 million, in the year-ago period. Revenue rose 20% to $1.2 billion, from $1 billion in the corresponding period in 2007.

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Accent S.A. names sales vp

BY CSA STAFF

MILAN, Italy and FREMONT, Calif. Accent S.A., a leading fabless ASIC provider offering highly differentiated design and turnkey services for state-of-the-art SoC silicon solutions, announced that Graeme Finlayson has joined Accent’s executive team as the new vp of WW sales.

Federico Arcelli, ceo of Accent, said. “I am . . . delighted that Graeme Finlayson has joined our team. Graeme brings 25 years of very relevant sales experience in the ASIC, IP and service industries.”

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Movie Gallery names new retail ops head

BY CSA STAFF

DOTHAN, Ala. Movie Gallery has announced that Sherif Mityas has been appointed coo of the company and president of retail operations, effective June 16. Jeffrey Stubbs, who formerly served as president of retail operations, has resigned from the company.

“Sherif is a strong and capable leader with an extensive background in retail operations, store merchandising and supply chain management,” said C.J. “Gabe” Gabriel, ceo of Movie Gallery. “His knowledge and understanding of the retail industry will be invaluable as we continue to build on the strength of our store operations, merchandising and supply chain management to improve our operating metrics. I look forward to working closely with Sherif to enhance store operations and better integrate our brands and businesses.”

Most recently, Mityas was a partner at A.T. Kearney, where he was responsible for the firm’s business development, staff development and intellectual knowledge capture for all service and industry practice groups across North America.

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