News

Electric vehicle company energizes board with former Wal-Mart Stores CEO

BY CSA STAFF

Car Charging Group, an electric vehicle charging company, has named William Fields, former president and CEO of Wal-Mart Stores to its board of directors.

During his 25-year career with Wal-Mart, Fields was responsible for over 2,000 stores and 600,000 employees, and directed strategic planning in operations, merchandising, marketing, and logistics.

In addition to serving as president and CEO of the Wal-Mart Stores Division, Fields held various senior executive positions within the organization, including assistant to Wal-Mart founder, Sam Walton; SVP distribution and transportation; and EVP Wal-Mart Inc. After leaving Wal-Mart, Fields served as chairman and CEO of Blockbuster Entertainment Group, a division of Viacom, Inc.; and president and CEO of Hudson’s Bay Company, a 328 year-old Canadian retail corporation.

“Bill Fields has a wealth of retail and manufacturing knowledge and experience, and we are so pleased to have him join CarCharging’s Board of Directors,” said Michael D. Farkas, CEO of CarCharging. “With the recent appointment of former Governor of New Mexico, Bill Richardson, as our chairman of the board, we look forward to continuing to develop our independent board of directors and working towards fulfilling all of the necessary requirements to assist us in becoming listed on a national stock exchange.”

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OPERATIONS

Tennessee sex-discrimination claim against Wal-Mart dismissed

BY Katherine Boccaccio

Nashville — A federal judge in Nashville said Wednesday that Wal-Mart Stores’ female employees in Tennessee and four other southern states cannot pursue sex-discrimination claims against Wal-Mart through a class action lawsuit. The class action is denied because it was filed too late.

According to U.S. District Judge Aleta Trauger, the class claims are “time-barred,” citing a 1988 decision by the federal appeals court in Cincinnati in a separate case, known as Andrews v. Orr, which blocks the women from joining a new class action.

Judge Trauger didn’t rule on the merits of the women’s claims.

The lawsuit was filed in Nashville last year by three women who claimed that Wal-Mart paid women less than men in comparable jobs and blocked promotions for female workers in five southern states.

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FINANCE

Foot Locker increases capital expenditures for 2013

BY Marianne Wilson

New York — Foot Locker announced that its board of directors has approved a $220 million capital expenditure program for 2013. The amount marks a significant increase over the approximately $163 million spent on in 2012.

The company said it plans to invest in such growth initiatives as including new and innovative store formats; continued expansion in Europe; technology to improve its customers’ experience; and robust capabilities for its digital segment.

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