FINANCE

EPA Honors Giant Eagle and Harris Teeter

BY CSA STAFF

Washington, D.C The U.S. Environmental Protection Agency (EPA) has designated Giant Eagle Inc. and Harris Teeter Inc. as the first winners of the GreenChill Advanced Refrigeration Partnership Environmental Achievement Award. The retailers were honored for emitting the least amount of ozone-depleting refrigerant among a group of food retailers and others that pledged to cut their emissions below the industry standard.

Giant Eagle and Harris Teeter were part of a charter group of 10 that joined the EPA’s GreenChill Advanced Refrigeration Partnership , which was launched in November 2007. The group, which now counts some 30 members, has achieved emissions rates that are almost 50% below the EPA’s estimated standard.

“EPA congratulates Giant Eagle and Harris Teeter for leading the field with exemplary emissions prevention and maintenance systems,” Robert J. Meyers, EPA’s principal deputy assistant administrator for Air and Radiation said in a statement.

According to the EPA, the GreenChill partners are responsible for reducing greenhouse gas emissions from refrigerants by an estimated 2.5 million metric tons of carbon dioxide, an amount the agency says is equivalent to the annual emissions of 500,000 cars. The firms participating in GreenChill also saved an estimated $13 million in 2007.

The EPA contends that if supermarkets across the country reduced emissions to the current GreenChill average, the grocers would save $67 million while preventing the annual emission of 13 million metric tons of carbon dioxide and 157 ozone-depleting potential (ODP) tons. ODP tons are a measure of the potency of ozone-depleting substances.

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Archileti named DeCA acting chief of staff

BY CSA STAFF

FORT LEE, Va. Vicki Archileti was appointed acting chief of staff for the Defense Commissary Agency, effective Sept. 8. She will temporarily leave her position as director of corporate planning for six months. In the interim, Sheila Walton will be acting director corporate planning through Dec. 12, and Mark Simpson will assume the duties from Dec. 13 to March 13, 2009.

“I am excited to serve in this newly created position and look forward to tackling these new responsibilities,” Archileti said. “I believe this position is critical because it involves managing day–to–day headquarters activities which will further allow our executive leaders to focus on significant operational initiatives.”

Archileti was selected director of corporate planning in January 2004. In that position, she has been responsible for anticipating and planning for DeCA’s external challenges.

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Schoonover to get $1.8M in severance deal

BY CSA STAFF

RICHMOND, Va. Philip Schoonover, the former head of Circuit City, will receive a severance package worth $1.8 million, according to an SEC filing.

Schoonover will receive his annual base salary and a target bonus for the current fiscal year, each worth $900,000.

 

Schoonover also will receive health and welfare benefit plan participation for two years, up to $50,000 in outplacement services and the acceleration of the vesting of his stock options and restricted stock awards that would have vested before Oct. 4.

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