FINANCE

Gelson’s bidding on some Haggen stores

BY Gina Acosta

Gelson's Markets is joining Smart & Final on the acquisition of some Haggen properties in Southern California.

Gelson's, a regional supermarket chain operating in Southern California, announced it is bidding on eight Haggen locations across five counties: Los Angeles County (Santa Monica); Orange County (Laguna Beach, Ladera Ranch); Riverside County (Rancho Mirage); San Diego County (Carlsbad, Del Mar, Pacific Beach); and Ventura County (Thousand Oaks).

Washington-based grocery store chain Haggen, which filed for bankruptcy last month, is seeking approval from the bankruptcy court to establish bidding procedures so it can sell off many of its stores.

"We are excited at the prospect of significantly expanding our brand offerings to new communities," said McDougall. "Our bid is subject to higher and better offers at an auction currently scheduled for the beginning of November. Should our bid prove successful, it will be a benefit for thousands of shoppers who value quality products and exceptional service. Furthermore, we would welcome the opportunity to have Haggen store employees join the Gelson's family, and foresee growth opportunities for our associates."

Gelson's currently operates 18 full-service specialty grocery stores in Southern California.

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OPERATIONS

Home Depot adds IT, cybersecurity expert to board

BY Gina Acosta

Nearly a year after a massive data breach, the Home Depot is looking to a cybersecurity veteran to add expertise to its board directors.

The world's largest home improvement retailer said it has appointed Linda R. Gooden to the company's board of directors. Gooden will serve on the company's audit and leadership development and compensation committees. Her appointment gives the company 12 directors, 11 of whom are independent.

Gooden, who retired in 2013 from Lockheed Martin Corporation as executive VP, Information systems & global solutions, has an extensive background in information technology, cybersecurity, operations and finance. She expanded Lockheed's IT capabilities beyond government customers to international and commercial markets.

She also served as president of Lockheed's Information Technology division from 1997 to 2006, which she grew into a multi-billion dollar business.

The Home Depot operates 2,270 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico.

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News

Home Depot adds information security expert to board

BY CSA STAFF

Nearly a year after a massive data breach, the Home Depot is looking to a cybersecurity veteran to add expertise to its board directors.

The world's largest home improvement retailer said it has appointed Linda R. Gooden to the company's board of directors. Gooden will serve on the company's Audit and Leadership Development and Compensation Committees. Her appointment gives the company 12 directors, 11 of whom are independent.

Gooden, who retired in 2013 from Lockheed Martin Corporation as executive vice president, Information Systems & Global Solutions, has an extensive background in information technology, cybersecurity, operations and finance. As EVP, she expanded Lockheed's IT capabilities beyond government customers to international and commercial markets. She also served as president of Lockheed's Information Technology division from 1997 to 2006, which she grew into a multi-billion dollar business.

"I'm very pleased to welcome Linda to our board of directors," said Craig Menear, chairman, CEO and president. "She brings a wealth of expertise in IT, strategic planning, risk management and general business."

Home Depot was the victim of a data breach in 2014 that involved the theft of payment card information and customer e-mail addresses.

The Home Depot is the world's largest home improvement specialty retailer, with 2,270 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico.

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