Former Staples VP Jailed for Embezzlement
Boston James Dorman, a former VP of Staples, was sentenced to three and a half years in prison for embezzlement.
Gorman, who embezzled close to $600,000 from Staples, will also have to pay the company $585,000 in restitution.
Dorman plead guilty to mail fraud, wire fraud and money laundering for submitting invoices for made-up vendors and using corporate funds to pay for personal travel.
Dorman was fired in 2005 after the company learned about the embezzlement.
Gordon Segal to Step Down as CEO of Crate & Barrel
Northbrook, Ill. Crate and Barrel co-founder and CEO Gordon Segal announced Tuesday that Barbara A. Turf, president of Crate and Barrel, will succeed him at the chain on May 1.
Turf has spent the majority of her career partnering with Segal in the leadership and strategic direction of the company. Though Segal will no longer direct Crate and Barrel’s day-to-day operations, he will assume the title of chairman and will continue as a key advisor and counselor.
“I have relished every moment of the last 45 years,” Segal stated. “However, I also recognize that transition and change are key to the growth of any retail business, and I want to give Barbara Turf and other talented members of our executive team their well-deserved opportunity to take Crate and Barrel into the future.”
Prior to becoming president of Crate and Barrel in 1996, Turf held the post of executive VP of merchandising and marketing for many years, maintaining responsibility for all aspects of product selection and branding.
Jewel-Osco to Relocate Headquarters
Jewel-Osco will relocate its headquarters to Itasca, Ill., from Melrose Park, Ill., this summer and will include in its newest Chicago store a chef’s station and a wine steward, the company’s president said Monday, according to the Chicago Sun-Times.
The retailer will relocate 400 employees, but will keep its distribution center, with 1,500 employees, in Melrose Park. The company will lease its new four-story, 97,000-sq.-ft. headquarters, and will share the building with other tenants.
Jewel-Osco, under its parent company Supervalu’s three-year initiative, will remodel 30 stores in the region this year, the report said.