CVS announces executive promotions
Woonsocket, R.I. — CVS Caremark announced the promotion of three senior executives within its retail organization.
- Robert Price, chief marketing officer of CVS/pharmacy, takes on an expanded role in the company with the addition of retail innovation and store design to his responsibilities;
- Scott Baker, RPh, executive VP, internal operations, real estate and supply chain, adds inventory management and logistics to his responsibilities; and
- Judith Strauss Sansone has been named senior VP merchandising for CVS/pharmacy. She most recently served as VP merchandising and pricing.
Office Depot and Century Payments to launch electronic payment processing service
Boca Raton, Fla. — Office Depot announced the launch of Office Depot Merchant Services, an electronic payment processing service for small and medium-sized businesses.
In partnership with Century Payments, Office Depot will provide a private branded solution to enable small and medium-sized businesses with direct access to accept electronic payments via all major debit and credit cards at the point-of-sale. Businesses can now conveniently accept payments using a variety of cutting-edge equipment options that will allow companies to process payments from a retail location, through the Internet or with a mobile device.
"Understanding how to accept different types of electronic payments and choosing the right merchant processor for your business is vital," said Steve Schmidt, executive VP corporate strategy and new business development for Office Depot. "Office Depot Merchant Services makes it simple to accept all types of credit cards — no matter what type of business you have."
In addition to simplifying payment processing, Century Payments has pledged to donate one backpack to the Office Depot Foundation for every new customer that activates an account with Office Depot Merchant Services.
IBM Retail User Group names new president
STRONGSVILLE, Ohio — The IBM Retail User Group announced that it has named Ron Ferri of Giant Eagle as its new president at its recent board of directors and 35th Annual Conference planning meeting in Las Vegas, Oct. 13 to 15.
Ferri, business process consultant with Giant Eagle; is responsible for interaction with retail operations, loss prevention, real estate, store planning and construction and recommends projects and enhancements, and creates the IT budgets. During his 22 years with Giant Eagle; he has been responsible for point of sale support and development, Y2K activities, the conversion of supermarket to ACE, and installing an integrated fuel solution.
Ferri has participated in the IBM Retail Users Group for 12 years. He stated, “The IBM Retail User Group is my favorite professional event to attend on an annual basis. I am looking forward to carrying on the 35 year tradition of the group while adding more value for all of its members to ensure that IRUG remains the must attend retail event for years to come”.