Eminence Capital nominates two Jos. A. Bank board members
New York — Eminence Capital, which owns 4.9% of the common stock of Jos. A. Bank Clothiers and has been pushing for a deal between the retailer and rival Men’s Wearhouse, has nominated two industry veterans for election as directors to the board at Jos. A. Bank’s annual meeting. The nominees include: Bruce J. Klatsky, former chairman of Phillips-Van Heusen Corporation, a position he held from 1994 until June 2007, and Norman S. Matthews, former president of Federated Department Stores and active and former board member of other retail and consumer companies.
"We are very pleased that these two highly experienced retail executives have agreed to stand for election as independent directors at the 2014 meeting of Jos. A. Bank shareholders,” said Ricky C. Sandler, CEO of Eminence Capital. “Their knowledge and success in the retail industry as well as their commitment to maximizing shareholder value have been clearly evident throughout their long and distinguished careers.”
Changes in Campbell’s global supply chain team
Campbell Soup Company has named Dave Biegger as SVP of global supply chain, with responsibility for engineering, procurement, manufacturing, logistics, customer service, quality and facilities. The appointment is effective April 1.
Biegger succeeds David White, who will retire from the company after 10 years of service, the company said.
Biegger joined Campbell in 2005 as VP of strategic planning and global supply chain. In 2007, he was promoted to VP, North America supply chain. In his new role, Biegger will still remain responsible for the Campbell North America supply chain.
“Dave will play a critical role in our key strategies by creating a demand-driven supply chain, delivering consumer-focused innovation and operations excellence while driving cost and margin management,” said president and CEO Denise Morrison. “Dave is a strategic leader with deep expertise in supply chain management, coupled with broad experience in managing and operating plants. He is the right leader for this role as we strengthen our core business and expand into higher growth spaces to reshape Campbell for the future.”
Before joining Campbell in 2005, Biegger spent nearly 24 years with Procter & Gamble in various positions of increasing seniority. During his tenure, Biegger held multiple supply chain roles in the U.S. and internationally, supporting P&G’s fabric and home care and family care businesses. Biegger earned his bachelor of science degree in chemical engineering from Iowa State University.
According to the company, under White’s leadership, its global supply chain improved its performance in almost all key supply chain metrics. He has been a major contributor to the expansion and renovation of Campbell’s world headquarters in Camden, N.J., overseeing the construction of the 80,000-sq.-ft. LEED-certified Campbell Employee Center. The company added that White and his team have reduced lost time injuries at Campbell by more than 80%. White has also been an important cultural leader, serving as an active executive sponsor of the Asian Network of Campbell since its inception in 2005.
“David has been an invaluable member of the Campbell leadership team and has made significant improvements to our global supply chain function during his tenure. I want to thank David and wish him and his family all the best in his retirement,” added Morrison.
TBC selects Revionics pricing tools
Palm Beach Gardens, Fla. – Tire retailer TBC Corporation has entered into a three-year agreement for the Revionics Price Optimization and Revionics Promotion Optimization solutions. TBC seeks to improve value-based pricing strategies and promotional offers that appeal to localized markets while driving increased sales and margins in the automotive aftermarket industry.
Specific activities TBC will use Revionics technology for include executing competitive positions and desired price image, aligning price strategy with category and financial objectives, executing promotions, and measuring pricing and promotion effectiveness.