FINANCE

Kohl’s Extends Solar Power Program

BY CSA STAFF

Menomonee Falls, Wis. Kohl’s Corp. announced Wednesday that it will expand its solar program to a sixth state, Oregon, with plans to convert four of its nine stores to solar power.

In addition to Oregon, Kohl’s has solar projects underway in California, Connecticut, Maryland, New Jersey and Wisconsin.

The solar-panel installation will begin in August at the Hillsboro store, the first Kohl’s location scheduled for solar power in the state. Planning is underway to convert three additional Oregon stores to solar power. On average, solar panels will provide about 25% of each store’s energy.

When complete, the four Oregon installations will collectively provide up to 900 kilowatts of power and are expected to produce up to 1 million kilowatt-hours of energy per year. Over the 20-year life of the program, the solar energy produced is expected to offset 12.9 million lbs. of carbon dioxide, which is enough energy to power 1,682 households in Oregon annually or the equivalent.

 

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Smart Balance names marketing vp

BY CSA STAFF

PARAMUS, N.J. Smart Balance announced that Richard McWilliams has been named to the position of vp and general manager, core brands, reporting to Gregory Venner, evp and chief consumer officer. McWilliams will be responsible for leading the marketing efforts for the company’s core brands.

Before joining Smart Balance, McWilliams served as chief marketing officer for Trex Company, the country’s leading manufacturer of composite decking.

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RealNetworks names new board member

BY CSA STAFF

SEATTLE Digital entertainment services company RealNetworks announced that Pradeep Jotwani has been appointed to the company’s board of directors.

“Pradeep is a great addition to our board,” said Rob Glaser, chairman and ceo of RealNetworks. “He brings a rare combination of breadth and depth that will serve RealNetworks well. I’m looking forward to working closely with Pradeep as we continue in our mission to enable consumers to enjoy digital entertainment whenever and wherever they are.”

Jotwani served as a senior executive at Hewlett-Packard for 17 years from 1990 to 2007. Most recently he was the senior vp and general manager responsible for the $16 billion printing supplies business. Prior to that, he founded and served as president for HP’s $15 billion consumer business.

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