OPERATIONS

GNC president resigns company

BY Katherine Boccaccio

Pittsburgh — GNC Holdings announced Monday that its president and chief merchandising and marketing officer Beth Kaplan has resigned the company.

After three-and-a-half years in the position, Kaplan cited a desire to pursue personal interests as reason for the departure. She will also resign as a director of the company.

Joe Fortunato, CEO, will reassume the title of president of GNC.

In related news, Amy B. Lane has joined GNC Holdings’ board of directors, replacing Kaplan.

Lane’s experience includes seats on TJX Cos. and Borders Group boards, as well as 25 years as a Wall Street investment banker.

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OPERATIONS

Wal-Mart’s Japan chief resigns unexpectedly

BY Staff Writer

Tokyo — A Monday report by the Financial Times said that Walmart’s chief executive in Japan has resigned suddenly, just over a year after he assumed the position.

Toru Noda became CEO of Walmart Japan and Seiyu, its Japanese supermarket chain, in February 2010. He has cited personal reasons for the unexpected departure.

Noda will be replaced by Steve Dacus, former COO of both Walmart Japan and Seiyu.

Click here for the full story.

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OPERATIONS

Asda COO quits company

BY Staff Writer

London — A Tuesday report by Bloomberg said that the COO of Wal-Mart’s Asda supermarket unit has quit after just six months in the position.

Bloomberg, which sourced a report in the Daily Telegraph, said that Simon King, a former head of Tesco PLC’s Turkish operations, left immediately. No successor has yet been named.

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