OPERATIONS

Kroger names president of its Central Division

BY Staff Writer

Cincinnati — The Kroger Co. announced the promotion of Jeff Burt as president of the company’s Central division. Kroger’s Central Division operates 136 food stores primarily in Indiana and Illinois.

Burt, 50, has been group VP of perishables merchandising and procurement since 2010. He succeeds Bob Moeder, who recently announced his plans to retire this spring.

“In his 27-year career with Kroger, Jeff has demonstrated strong leadership skills and a deep understanding of our business,” said Rodney McMullen, president and chief operating officer of Kroger. “His enthusiasm, keen sense of the customer, and experience in merchandising and operations will be tremendous assets to the Central Division team.”

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FINANCE

Panera Bread names CFO

BY Staff Writer

St. Louis — Panera Bread Company announced that Roger C. Matthews, Jr., has been appointed Panera’s EVP and CFO, effective March 18.

Matthews most recently served as managing director and sector head of the U.S. Restaurant Industry in Goldman Sachs’ Investment Banking Division.

Pat Kelly, who has served as Panera’s Interim CFO since April 2012, will remain in place until the end of March to ensure a smooth transition.

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News

Aeropostale president to retire in March

BY CSA STAFF

NEW YORK— Michael Cunningham, Aeropostale president, is retiring effective March 29, the company announced Tuesday.

Michael joined Aeropostale in August 2000 when the company had 200 Aeropostale stores in 27 states. Today, the company operates nearly 1,000 Aeropostale stores in the United States and Canada, 100 P.S. from Aeropostale stores in the United States, has a licensing presence in the Middle East, Asia and Europe, and operates a robust e-commerce platform that includes the recent acquisition of GoJane.com.

Thomas Johnson, CEO of Aeropostale said, "Over the past 12 years, Michael has been an incredible partner and friend, and a highly respected leader within our organization. He truly embodies the core values that make Aeropostale such a special organization. Michael has been a key contributor to the evolution of our business as a multi-brand and multi-national specialty retailer. In particular, he has been instrumental in building Aeropostale’s best in class financial and business operations. While we will miss our daily interactions with Michael, we are pleased that he will remain on the Board of Directors and we look forward to his continued, invaluable input into our business."

Michael Cunningham commented, "For more than a decade, it has been both gratifying and rewarding to be a part of the team that helped Aeropostale grow into one of the most highly recognized and productive teen apparel retailers. Most importantly, I am proud to be associated with such a talented group of executives and employees, who make the Aeropostale culture so unique. I am confident that the transition of my responsibilities will be seamless with the current leadership team, and I look forward to watching the company’s future success."

Johnson will assume responsibilities over information technology, Marc D. Miller, EVP and CFO, will assume responsibilities over planning and allocation and Mary Jo Pile, EVP customer engagement will assume responsibilities over construction, logistics and real estate.

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