REAL ESTATE

CBRE Group appoints global president of capital markets

BY Michael Fickes

Los Angeles — CBRE Group has appointed Chris Ludeman global president of Capital Markets.

Ludeman will oversee the global growth and integration of CBRE’s Capital Markets Service business line, which includes Investment Sales, Debt & Structure Finance and Capital Advisors activities worldwide, working with CBRE’s Capital Markets leaders around he world.

A 33-year veteran of CBRE, Ludeman most recently served as president of the Capital Markets business in the Americas.

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Pier 1 Imports bolsters marketing team following second quarter results

BY CSA STAFF

Pier 1 Imports is wasting no time addressing its misguided marketing strategy, which CEO Alex W. Smith identified as one of the causes for the retailer’s poor earnings for the second quarter ended Aug. 31. To that end, the company has named Eric Hunter as EVP of marketing.

Hunter will be responsible for Pier 1 Imports’ brand image and integrated marketing efforts.

“As we look to the future and continue the development of our omnichannel business, strategizing and effectively implementing the breadth and complexity of marketing activities is vital for our success,” said Smith. “Eric’s broad marketing experience in retail makes him well-equipped to take on this pivotal leadership position.”

Hunter has more than 15 years of diverse marketing experience. Most recently, he served as SVP of marketing and acting chief marketing officer for J.C. Penney, in Plano, Texas. While there, he led strategy, research, creative, media, customer relationship management and digital direction for the JCP enterprise brand and all JCP-owned brands. Previously, he served as chief marketing officer and group president with Kellwood Company, an affiliated portfolio company of Sun Capital Partners that designs, manufactures and markets a growing collection of premier fashion brands. Prior to Kellwood, Hunter spent considerable time working in agency creative, with PMK/HBH/Momentum Worldwide, the promotional marketing arm of Interpublic’s McCann Worldgroup, and Creative Artists Agency.

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Weis Markets CEO exits

BY CSA STAFF

Weis Markets president and CEO David J. Hepfinger has left the company to pursue other interests. Company vice chairman Jonathan H. Weis has replaced him as interim CEO, and Robert F. Weis remains the company’s chairman.

Hepfinger has been president of Weis Markets since March 2008 and its CEO since January 2009. He served as the company’s chief operating officer from February 2008 to January 2009, and was responsible for day-to-day store operations, perishable and center store marketing, merchandising and procurement, pharmacy, distribution, human resources and store support services.

"We thank Dave for his service and contributions and wish him well in his future endeavors," said Jonathan Weis.

Hepfinger has also resigned from the company’s board of directors. As part of the reorganization, Kurt Schertle, EVP of sales and merchandising, will report directly to Weis who will also oversee the company’s real estate/store development, finance and human resources teams. Until the reorganization is complete, Schertle will take on additional responsibilities, overseeing store operations and its operations support team.

Founded in 1912, Weis Markets is a Mid Atlantic food retailer operating 165 stores in Pennsylvania, Maryland, New Jersey, New York and West Virginia.

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