SUPPLY CHAIN

Fossil appoints new COO

BY Katherine Boccaccio

Richardson, Texas — Fossil said Wednesday it has appointed John White to the position of executive VP and COO, effective Sept. 4.

White, formerly president of Pandora North America, will be responsible for the company’s supply chain, distribution and warehousing, legal and information technology operations.

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REAL ESTATE

Kinney Drugs acquires four independent pharmacies

BY Antoinette Alexander

Gouverneur, N.Y. — Regional player Kinney Drugs has snapped up four independent pharmacies located in central New York and Vermont, bringing its total store count to 94.

Financial terms of the deal were not disclosed.


“These acquisitions are a very good fit for Kinney Drugs and are consistent with our stated growth objectives in retail pharmacy,” said Jim Spencer, COO of Kinney Drugs store division. “They will allow us to grow our prescription base and market share within existing markets, and at the same time expand into two new areas in Central New York and Vermont.”

Two of the acquired pharmacies have been converted and remerchandised, and will operate under the Kinney Drugs name. The other two pharmacies were closed, and prescription files and inventory were transferred to the neighboring Kinney Drugs.

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News

Fossil names new COO

BY CSA STAFF

RICHARDSON, Texas — Fossil has named John White as EVP and COO effective Sept. 4. White will be responsible for the company’s supply chain, distribution and warehousing, legal and information technology operations, with a focus on long-term strategy. He will report directly to Kosta Kartsotis, CEO.

"We are very excited to have John join our executive team. His track record of driving strategic improvements and operational excellence across large organizations will be invaluable to us as we continue our global expansion," said Kartsotis.

White most recently served as president for Pandora North America, a division of Pandora, A/S. Pandora is a global jewelry company headquartered in Denmark. White joined Pandora in March 2007 and held various roles including general manager and managing
director until his promotion to president, North America in October 2010. Prior to joining Pandora, White served as a strategy consultant for the operations and supply chain strategy and design team for Booz | Allen | Hamilton from April 2006 until March 2007.

White received his Bachelor of Science in Engineering from the University of Maryland and a Masters of Business Administration from Marylhurst University.

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