CVS Announces Exec Changes
Woonsocket, R.I. CVS on Wednesday announced several executive moves, including the retirement of Kevin Smith, senior VP of supply chain and logistics, at the end of 2008.
Smith has been with CVS for the past eight years and made numerous contributions to the organization, including the integration of six new distribution centers.
In other moves, Ron Link has been promoted to senior VP of logistics, reporting to Larry Merlo, president of CVS Retail.
Link will be responsible for leading the company’s logistics division in managing inventory and capacity, developing distribution solutions and providing logistics service to CVS’ 6,300 stores.
Under Armour Appoints President
Baltimore Under Armour named David McCreight to be the company’s president. McCreight, 45, comes to Under Armour from Lands End, where he also held the position of president.
McCreight will report directly to Under Armour chairman and CEO Kevin Plank and will be responsible for long-term strategy and managing the company’s core businesses, which include apparel, footwear and accessories.
Additionally, he will oversee the company’s wholesale and direct-to-consumer distribution channels and marketing initiatives.
Prior to his Lands End tenure, McCreight held positions as senior VP of Disney Stores Worldwide and president at Smith and Hawken.
Former Head of Dayton Hudson Dead at 69
New York City Kenneth A. Macke, who served as chairman and CEO of Dayton Hudson Corp. from 1984 to 1994, died Saturday in Napa, Calif., from complications associated with Parkinson’s disease. He was 69.
Macke joined Dayton’s in 1961 as a merchandise trainee and began a 33-year career in retailing, rising through the ranks to head merchant positions at Dayton’s and Target. In 1976, he was named president and CEO of Target, and in 1977 was named chairman and CEO of Target. During that time, Target grew from 49 stores in 9 states to 137 stores in 16 states and became the corporation’s top profit-maker.
In 1981, Macke was elected president of Dayton Hudson Corp., and in 1983 became CEO. Under his leadership, the company grew from 350 stores to 909 stores in 33 states and revenues more than doubled to over $19 billion. Among his greatest accomplishments was the growth of Target.
Macke’s commitment to provide opportunities for women and minorities brought national recognition to Dayton Hudson. He was named by many publications and groups as one of America’s best managers.
After his retirement, Macke moved to the Napa Valley and continued to mentor and invest in retail entrepreneurs.