OPERATIONS

Lowe’s names insurance exec to board

BY Dan Berthiaume

Mooresville, N.C. — Angela F. Braly, 52, has been named to the Lowe’s board of directors, with a term expiring at Lowe’s 2014 annual meeting of shareholders. This brings Lowe’s board of directors to 12 members, 11 of whom are independent.

Braly is former chair, president and CEO of WellPoint, Inc., one of the nation’s largest health benefits companies. She served as WellPoint’s president and CEO from 2007 until 2012, and was also chair of the board from 2010 until 2012. She was president and CEO of Blue Cross Blue Shield of Missouri from 2003 to 2005. In addition to her new role on the Lowe’s board of directors, Braly also serves on the board of The Procter & Gamble Company.

Braly will serve on the audit and governance committees of the board.

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S.Matthew says:
Nov-25-2013 09:41 am

Angela wish you all the luck.

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ARCP hires retail real estate vet

BY Dan Berthiaume

New York — American Retail Capital Properties (ARCP) has appointed Glenn Kindred as executive VP of its restaurants division. Kindred will join Nicholas S. Schorsch, executive chairman and CEO, Lisa Beeson, COO, Brian S. Block, CFO, and Lisa Pavelka McAlister, chief accounting officer, as part of ARCP’s self-managed executive team. Joining ARCP from GE Capital, Mr. Kindred will oversee ARCP’s growing portfolio of restaurant and quick service assets.

Prior to joining ARCP, Kindred held the position of managing director of GE Capital’s Property Franchise Real Estate Equity Division, where he helped to integrate the restaurant properties GE Capital acquired as a result of the purchase of Trustreet Properties, Inc., a publicly-traded real estate investment trust that specialized in net leased restaurant properties. Kindred had been a senior real estate executive of Trustreet before joining GE Capital. In addition, while acting as senior VP at CNL Financial Group, Mr. Kindred played a key role in the reverse merger between U.S. Restaurant Properties, Inc., CNL Restaurant Properties, Inc. and 18 CNL Income Funds that formed Trustreet. Kindred has 15 years’ experience in executive roles in the real estate industry.

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MarineMax names Denny’s exec to board

BY Michael Fickes

Clearwater, Fla. – Recreational boat retailer MarineMax has named Frances Allen, executive VP and chief brand officer for Denny’s Corporation, to its board of directors. Prior to joining Denny’s, Allen was chief marketing officer for Dunkin Donuts. Her prior roles also include managing marketing efforts at Sony Ericsson Mobil Communications, Pepsi-Cola North America and Frito-Lay.

“We are proud and honored to have Frances Allen join our board of directors,” said William H. McGill Jr., president, chairman and CEO of MarineMax. “On behalf of the board, we welcome Frances. We are confident she will be a strong addition to our board and her wealth of experience and expertise in marketing will support our ongoing efforts to grow the MarineMax brand. We look forward to her future contributions to the company.”

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