Dillard’s Contractor VanishesDillard’s Contractor Vanishes
Little Rock, Ark. The CFO of Little Rock, Ark.-based CDI Contractors, John Glasgow, is missing, according to the Associated Press.
CDI Contractors, owned by department store chain Dillard’s Inc., has built or remodeled many of Dillard’s 300-plus department stores and put up some of Arkansas’ signature projects, including Bill Clinton’s presidential library.
With CDI Contractors co-founder Bill Clark’s death last year, Dillard’s has the option to buy his shares, but it has discussed letting CDI employees buy Clark’s shares instead. Glasgow was in charge of the redistribution and stood to buy a part of the company. Glasgow’s family and colleagues say that the multimillion-dollar deal weighed heavily on him.
People close to him said that he felt overwhelmed and anxious about a company audit, but the company said no money is missing.
Glasgow’s SUV was found at Petit Jean Mountain, a state park an hour northwest of Little Rock, with its doors unlocked and valuables inside.
Conway County sheriff’s investigator Sonny Stover said tracking dogs may have found something—but the dog handlers couldn’t tell if the scent came from Glasgow or just from his car.
“It looks like he’s just walked off,” Stover said.
Tommy Bahama Names New CEO
Seattle For the first time in its 15-year history, Tommy Bahama is getting a new chief executive, according to the Seattle Times.
Parent company Oxford Industries said retail-industry veteran Terry Pillow will step in when Tommy Bahama CEO and founder Tony Margolis retires June 1.
Pillow’s career in the industry spans 30 years, with previous stints at Neiman Marcus, A/X Armani Exchange, Coach and Polo Ralph Lauren.
Also on June 1, Tommy Bahama’s COO, Doug Wood, will take on a second role as president.
After his retirement, Margolis will assume a new role as chairman of the Tommy Bahama advisory board.
Sears Names Store Operations Head
Atlanta Sears Holdings Corp. has promoted Kevin R. Holt to lead its store operations. Holt’s new job was disclosed in recent regulatory filings.
Holt, 49, was elevated to executive VP of store operations last month, a spokeswoman said on Thursday. He had joined Sears in September as a VP focused on store execution and effectiveness, and previously had worked at Meijer Inc.