Co-founder of Target dies at 88
New York — The co-founder of Target, Douglas Dayton, died Saturday after a long battle with cancer. He was 88.
With his four brothers, Dayton took over and reshaped the Dayton Co., which was founded by their grandfather, George Draper Dayton, as Dayton’s department store in Minneapolis.
When the company in 1961 formed the discount chain called Target, Dayton became president. Dayton served as Target’s first president in 1961, and when the company merged with department store chain J.L. Hudson Co in 1969, he became senior VP. After spending several years in the position, Dayton retired in 1974 and founded a venture capital firm that he ran until his retirement in 1994.
The groundwork Dayton laid for the Target helped establish a brand identity and unique value proposition that the retailer to flourish. Eventually, Target stores overtook the company’s conventional department store businesses which were sold to Macy’s and the corporation was renamed Target in 2000.
"Along with his brothers and cousin, Doug was instrumental in helping to guide the strategic direction of Dayton Hudson Corporation for many years and institutionalize the values that are at the heart of Target Corporation today," Target said in a statement.
Price Chopper announces three executive appointments
Schenectady, N.Y. — Price Chopper Supermarkets said it has named Karlin Bohnert as senior VP of information systems/CIO.
Bohnert most recently served as CIO of RGIS in Auburn Hills, Mich. She joins Price Chopper with more 30 years of strategic IT experience gained at such companies as Walmart, Home Depot, ANF, The Limited and MCI.
In other appointments, Scott Evans was named VP of grocery/GM merchandising. He brings to the position 21 years of retail food industry experience with Supervalu/Albertsons, where he held various positions, most recently that of corporate director merchandising for grocery and produce.
Ken Warfield was named director of loss prevention and security. He comes to Price Chopper with several years of loss prevention experience, having worked at Caldor, Home Depot, The Ratner Cos. and, most recently, CVS.
Former CEO of Collective Boards nominated to Office Depot board
Boca Raton, Fla. — Office Depot announced that Michael J. Massey, previously CEO and president of Collective Brands, has been nominated to join the board. He fills the vacancy created by current director Brenda Gaines, has decided not to stand for reelection at this year’s annual meeting of stockholders.
“We are very pleased to announce that Michael Massey has agreed to serve on the Office Depot Board and stand for election at the upcoming annual meeting,” said Neil Austrian, chairman and CEO of Office Depot. “Michael is a highly qualified industry veteran who brings over 23 years of significant retail experience to our board, having served in numerous
The company also announced that it filed its preliminary proxy statement with the U.S. Securities and Exchange Commission on Friday, July 5, 2013.