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.
Wal-Mart Canada Names CEO
Mississauga, Ontario After seven years at the helm of Wal-Mart Canada and 45 years with the company, president and CEO Mario Pilozzi will retire effective Jan. 31. Succeeding Pilozzi will be David Cheesewright, effective Feb. 1.
Cheesewright is currently COO of ASDA, Wal-Mart’s operation in the U.K. He joined ASDA in 1999 and held leadership positions in operations, merchandising, logistics, strategy, and format development.
From 2004 to 2005, Cheesewright served as COO for Wal-Mart Canada before returning to ASDA as COO.
Tuesday Morning CFO to Resign
New York City, The CFO of Tuesday Morning Corp. plans to leave the closeout merchandise retailer next month, the company said in a regulatory filing Friday.
Elizabeth A. Schroeder, who is also executive VP, secretary and treasurer, will resign Jan. 15, according to a filing with the Securities and Exchange Commission.
Schroeder is leaving to join her husband’s business, according to a company spokeswoman.
The company has not yet named a replacement.