OPERATIONS

Charming Shoppes Mourns Death of Board Member

BY CSA STAFF

Bensalem, Pa. Charming Shoppes announced that board member William O. Albertini passed away unexpectedly on June 28. He was 64.

Albertini was executive VP and CFO of Bell Atlantic Corp. from 1991 through 1997. In 1997, he became executive VP and CFO of Bell Atlantic Global Wireless, and remained in that position until his retirement in 1999.

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OPERATIONS

Best Buy COO Steps Down

BY CSA STAFF

Richfield, Minn. The COO of Best Buy International, Kevin Layden, will resign, the company revealed in SEC documents Thursday, according to the Minneapolis/St. Paul Business Journal.

Best Buy said that Layden’s last day with the company will be July 4. The company did not give a reason for his departure, nor did it disclose who will take over the post.

Layden has been COO of Best Buy International since January 2008. Prior to that, he was president and COO of Best Buy Canada. He joined the company in 1997 as VP of merchandising.

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OPERATIONS

Charming Shoppes Names New Chairman

BY CSA STAFF

Bensalem, Pa. Charming Shoppes Inc. on Thursday named Alan Rosskamm non-executive chairman.

At the company’s annual meeting of shareholders on Thursday, the board of directors voted to separate the duties of chairman of the board and CEO.

Rosskamm has been on the board since 1992 and is the company’s longest standing board member.

Dorrit J. Bern remains president and CEO.

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