Jo-Ann Loses Two Finance Execs
Hudson, Ohio, Jo-Ann Stores Inc. announced the resignation of two key finance executives effective at the end of the month: Brian P. Carney, executive VP and CFO; and Valerie Gentile Sachs, executive VP, general counsel and secretary. The retailer said the two resignations were unrelated to each other.
While Jo-Ann seeks permanent replacements, the retailer’s finance team will be led by James C. Kerr, VP and controller, and Donald R. Tomoff, VP of finance and treasurer.
Sachs will join specialty chemicals-maker OM Group, based in Cleveland.
Walgreens Expands Services With Joint Venture
Deerfield, Ill., Walgreen Co. has formed a joint venture with pharmaceutical services firm Senior Healthcare Partners LLC (known to its customers as SeniorMed Pharmacy) to provide prescription services to assisted-living and other senior communities. Under the agreement, the two companies will form a new business, called SeniorMed, to be led by Stephen Axelrod, who is CEO of Senior Healthcare Partners.
“The new joint venture allows both of us to expand into the fast-growing senior assisted-living pharmacy market,” said Greg Wasson, president, Walgreens Health Services, a division of Walgreen Co.
BJ’s Hires Senior VP
Natick, Mass., BJ’s Wholesale Club, Inc. named Richard Wilson senior VP of general merchandise. He will be responsible for general merchandise category mix including domestics, electronics, giftware, seasonal merchandise, furniture, books, toys and sporting goods. He succeeds Edward Beevers, who will continue as a consultant to BJ’s until he leaves the company at the end of the year. Wilson joined BJ’s Wholesale Club as VP, divisional merchandise manager, in May 2005 from Federated Department Stores’ Macy’s division, where he was senior VP for tabletop, luggage and Macy’s Home Store.