Collective Brands Names CEO
Topeka, Kan., Collective Brands Inc. said Wednesday it had named Gregg Ribatt to take over as CEO and president of its subsidiary, The Stride Rite Corp.
Ribatt will start Jan. 7, overseeing the operation of 300 Stride Rite stores and developing its Stride Rite, Keds, Saucony and Sperry Top-Sider brands.
He most recently served as CEO of Stuart Weitzman Holdings, a New York-based designer of women’s shoes and handbags.
Ribatt replaces current COO Rick Thornton, who has left the Lexington, Mass.-based subsidiary.
Payless ShoeSource Inc. bought rival Stride Rite for about $800 million this summer, before changing the corporate name to Collective Brands.
The Limited retains LP for loss prevention
MILFORD, Mass. The Limited and LP Innovations have reached an agreement under which LP will provide loss prevention services for all of The Limited Stores nationwide.
“During our search for a nationwide loss prevention solution provider, we consistently received positive feedback from similar retailers already utilizing LP Innovations,” said Tracey French, cfi and director of loss prevention for The Limited. “We look forward to leveraging LP Innovations’ talent base and practices to prevent shrink and increase profit.”
Michael Foods reports executive changes
MINNETONKA, Minn. Michael Foods announced that it has appointed several officers to new positions effective Jan. 1, 2008.
Gregg Ostrander is named executive chairman of the board of directors. Hejoined Michael Foods in 1993 and has served as ceo since 1994, also serving as chairman since 2001. He was also president for most of the period since 1994.
John Reedy is named a vice chairman. Reedy has served as cfo since 1988 and has been evp since 2000.
David Johnson is named ceo. He joined Michael Foods in April as president, coo and ceo-elect. He remains president. He has also been elected to the board of directors effective Jan. 1, 2008.
Mark Westphal is named cfo. He has served as senior vp of finance since 2006 and has served in various financial positions within Michael Foods since 1995. He remains a Senior Vice President.