Fridays on hunt for new CEO
Carrollton, Texas — TGI Fridays is looking for a new chief executive.
The company announced that Nick Shepherd recently informed the Fridays’ board of his decision to step down as president and CEO, citing that he believes the time is right to pass the torch to a new leader to steer the 50-year-old brand through its next chapter of growth.
Shepherd will continue to actively lead the business through mid-October, and will be working closely with Fridays chairman of the board, John Antioco.
Fridays has launched a search for the successor, which will be led by Sentinel Capital Partners, Fridays majority shareholder. Because it is unlikely a new CEO will be in place prior to Shepherd leaving the business, Antioco will serve as interim CEO at that time.
"During my six years leading this amazing business, we have deepened the culture, upgraded the talent, measurably improved our guest quality, established solid operating numbers and expanded our international footprint," said Shepherd.
Executive stepping down at Kroger
Cincinnati — The Kroger Co.’s first female corporate officer is retiring.
The Kroger Co. announced that group VP for corporate affairs Lynn Marmer plans to retire in early 2016, after 18 years with the company.
"Lynn has been a trusted counselor and advisor to three CEOs during a period of significant change in food retail," said Rodney McMullen, Kroger's chairman and CEO. We wish her and her family all the best in retirement."
Marmer joined Kroger in 1997 as a senior attorney in the legal department. When appointed to her current position in 1998, she became Kroger's first female corporate officer.
Marmer focuses on reputation management and leveraging and protecting Kroger's brand. She leads external communications and brand public relations; media; government and regulatory affairs; corporate social responsibility and environmental sustainability; community relations and customer service centers; crisis management; cause-marketing and corporate philanthropy. She also serves as president of The Kroger Foundation.
She is responsible for growing Kroger's supplier diversity program to $1 billion annually, creating a national program of fresh food rescue that donates 200 million meals annually to food banks across the U.S., and creating four award-winning cause marketing campaigns that contribute millions of dollars to Kroger's signature community programs.
Benjamin Moore opens new DC
Montvale, N.J. — Benjamin Moore has opened a 90,000-sq.-ft. state-of the-art distribution space in the Landover Logistics Center in Landover, Maryland.
The new LEED-certified (Silver) center will accommodate expansion and enhance service in the fast-growing Mid-Atlantic and Southeast markets, as well as support distribution of an expanded line of Benjamin Moore & Co. latex products.
The location, 10 miles from Washington, D.C., provides excellent logistical access to Metro D.C., Maryland, Virginia, Delaware, North Carolina, West Virginia, and Pennsylvania. The access will support 350 retailers with faster and more efficient service.
This is the second Silver LEED-certified Logistics Center for Benjamin Moore.