J.C. Penney Names New Board Member
Plano, Texas J.C. Penney announced that Javier Teruel has joined the company’s board of directors. Until his retirement last year, Teruel had been with Colgate-Palmolive for 35 years, serving most recently as vice chairman.
Teruel joined Colgate-Palmolive Mexico in 1971 and held a succession of positions. He was appointed vice chairman of Colgate-Palmolive in 2004.
New Prez for Bloomie’s
Cincinnati Macy’s, Inc. Thursday announced that Tony Spring has been named president of its New York City-based Bloomingdale’s division, effective immediately.
Since 2005, Spring has served as Bloomingdale’s senior executive VP and director of stores, with additional responsibility for Bloomingdale’s shopping services and creative services.
In his new role, Spring will be responsible for the division’s stores, marketing, creative services, finance, operations and restaurants. He will continue to report to Bloomingdale’s chairman and CEO Michael Gould.
“As Bloomingdale’s grows its presence nationally, the addition of an operating principal will provide the division with additional management resources and support,” said Macy’s, Inc. vice chair Susan D. Kronick.
Safeway Cutting HQ Jobs
Pleasanton, Calif. Safeway is eliminating 69 jobs at its corporate headquarters in California and plans similar cuts at regional headquarters in other parts of the country. The job cuts won’t affect any workers at the chain’s 1,743 stores or its distribution centers. A Safeway spokesman said the cuts represent “modest staff reductions” designed to control expenses. Aside from the 69 jobs eliminated at its corporate home, the company did not specify the total number of jobs scheduled to be cut, though one published report put the number at 400 for more than a half-dozen regional offices ranging from Arizona to Virginia.
Safeway reported total sales of $42.3 billion for fiscal 2007 and earnings of $888 million but faces growing competition from rivals including newcomer Tesco, which plans to have 300 stores open in Safeway’s markets by the end of 2008.