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.
Best Buy Names CIO of International Unit
Minneapolis Best Buy Co. said that Neville Roberts will join the company in a new position as CIO of Best Buy International, the strategic business unit focused on the enterprise’s growth outside of the United States.
Prior to joining Best Buy, Roberts spent more than 18 years at Accenture, most recently as a senior partner in their Global Retail Practice.
Roberts will lead Best Buy’s international information-systems team to create “Best Buy-in-a-box,” a suite of off-the-shelf IT packages. In addition, one of his primary initial focuses will be to create an e-commerce platform as part of the multichannel strategy to support the company’s international growth.
Sears’ CEO to Step Down
Chicago Sears Holdings Corp. said Monday that its president and CEO Aylwin B. Lewis would step down at the end of its fiscal year this week, the latest blow for an ailing company that’s struggling to connect with customers and invigorate slumping sales.
Lewis will be succeeded by W. Bruce Johnson, an executive VP of supply chain and operations who will fill the role on an interim basis. The company said Monday that Lewis will also resign from Sears’ board.
“We are entering a new phase in Sears’ evolution as a multichannel retailer, as reflected by the new operational structure we recently announced, and the board has determined that now is the right time to put in place new leadership to take the company forward,” Sears chairman Edward Lampert said in a statement.
Johnson joined Kmart in 2003 as senior VP of supply chain and operations. He was named to the office of the chairman in 2005 and took on store operations in 2006.