Former Blockbuster CFO named president of American Apparel
New York City American Apparel has hired the former CFO of Blockbuster Tom Casey, as acting president, putting him in charge of leading the company as it embarks on a new strategy.
The announcement comes amid American Apparel’s struggle to avoid being delisted by the New York Stock Exchange and to keep compliance with debt covenants.
American Apparel last month received a warning that it could be delisted as it delayed the filing of its second-quarter results amid the resignation of its accounting firm in July. The exchange later extended the delisting proceedings to Nov. 15, by which time the company has promised to file its quarterly results.
Casey was Blockbuster’s financial chief for three years before departing ahead of last month’s bankruptcy filing by the movie-rental chain.
American Apparel said he will have primary responsibility for developing the company’s operating strategy.
Callison names new CEO
Seattle Callison, one of the largest design firms based in the United States, has names James P. Rothwell, AIA as its new CEO.
Rothwell has worked at Callison for 26 years — most recently as a member of Callison’s board of directors and a practicing principal growing the international practice in the Middle East.
CVS names COO of Caremark unit
Woonsocket, R.I. CVS Caremark Corp. said Thursday it has promoted Jonathan Roberts to the new position of COO of the Caremark pharmacy benefits management business.
Roberts has been with CVS and CVS Caremark for almost 20 years.
He currently directs prescription purchasing, pricing and network relations.