Conn’s chairman stepping down
Beaumont, Texas — Regional appliance and electronics chain Conn’s said Thursday that chairman William C. Nylin Jr. is stepping down and will be succeeded as non-executive chairman by director Theodore Wright.
Nylin has served as chairman since June 2009 and was executive vice chairman before that. He has been on the board since 1993 and has also served as the company’s COO and president. He will remain on the board.
Supervalu appoints new CFO
Minneapolis — Supervalu says Sherry Smith has been named the grocery operator’s new CFO.
Smith, 49, has been working as the company’s interim CFO and will assume her new role immediately. She joined Supervalu in 1987 and has held a variety of positions at the company, including serving as its senior VP finance for eight years.
Target outlines sustainability goals
MINNEAPOLIS – Target announced its commitment to sustainability and outlined goals it hopes to achieve over the next five years. Target’s commitments to environmental sustainability, along with more on Target’s sustainability efforts, are available at hereforgood.target.com/environment, the company reported.
"Target has long invested in the health and sustainability of our communities by integrating rigorous programs throughout our business that reduce our environmental impact," said Gregg Steinhafel, chairman, president and chief executive officer, Target. "We believe the commitments announced today will guide our ongoing efforts to further engage Target suppliers, team members and guests in our sustainability initiatives."
Specifically, by 2016, Target said it aims to achieve the following milestones for resource use, waste elimination and carbon footprint reduction:
Reduce the percentage of operating waste sent to landfills by 15%;
Reduce water usage by 10% per square foot;
Reduce greenhouse gas emissions by 10% per square foot and 20% per dollar of retail sales;
Earn the Energy Star label from the Environmental Protection Agency for at least 75% of its buildings;