FINANCE

Hot Topic CFO to resign

BY Staff Writer

City of Industry, Calif. — Hot Topic announced that its chief financial officer, Jim McGinty, has resigned, effective March 29. The company said that George Wehlitz, VP finance will serve as interim CFO.

McGinty had worked for Hot Topic Inc. for the past 12 years. His resignation is effective March 29.

Wehlitz became VP finance at Hot Topic in 2008. He previously served as CFO at motorcycle clothing and accessories company Cycle Gear Inc.

Before joining Cycle Gear, Wehlitz worked at Hot Topic from February 2002 through November 2005 serving as VP controller in 2002 and then as VP finance from August 2003 to November 2005.

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OPERATIONS

Tuesday Morning names COO

BY Staff Writer

Dallas — Tuesday Morning Corp. announced the appointment of John C. Rossler as executive VP, COO, effective immediately.

Rossler has been serving as an executive advisor to Tuesday Morning since October, 2012, and his focus has been primarily on operational efficiencies, including overall cost control, supply chain and real estate.

Prior to joining Tuesday Morning, Rossler served as a principal in Pivotal Strategies, providing consulting services to small and mid-size businesses from 2004 to 2012. From 2002 to 2004, he served as president and CEO of Retail Ventures, Inc., a holding company of retail businesses, which at the time included DSW Inc., Filene’s Basement and Value City Department Stores.

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OPERATIONS

Kohl’s donates $2 million to Discovery World

BY Staff Writer

Menomonee Falls, Wis. — Kohl’s Corp. announced a $2 million donation to Discovery World in Milwaukee, over three years to continue support for Kohl’s Design It!, an educational program allowing kids to use advanced technology to turn design into reality. The donation comes from the Kohl’s Cares cause merchandise program which sells special merchandise, including plush toys and books, and donates 100% of the net profit to benefit children’s health and education initiatives nationwide.

Discovery World, an educational and experiential learning center in Milwaukee, is nationally recognized for its pioneering approach to education and serves more than 300,000 people each year. Through an initial $2 million donation from Kohl’s Cares in 2010, Discovery World launched the Kohl’s Design It! Program, which is free with admission to all Discovery World attendees and school groups.

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