Macy’s promotes head merchant to president
New York — Macy’s on Monday announced that chief merchandising officer Jeffrey Gennette has been named president of corporation, effectively immediately. Gennette, 52, has been Macy’s chief merchant since 2009.
Gennette will retain day-to-day responsibility for Macy’s merchandising functions, and will oversee marketing and macys.com. In addition, he assumes responsibility for Macy’s Private Brands organization.
“As our president, with the additional responsibility for Macy’s private brands, Gennette will have a total view of Macy’s merchandise assortment and marketing strategy – both in stores and online – consistent with our omnichannel vision,” said Terry J. Lundgren, Macy’s chairman and CEO. “Our exclusive private brands, which have provided a powerful competitive advantage for Macy’s, will continue to play a vitally important role in delivering fashion, quality and value to our customers.”
BikeStreet names former Hhgregg COO as chief executive
Fort Lauderdale, Fla. — Bicycle retailer BikeStreet announced the appointment of former Hhgregg executive VP & COO Gregg Throgmartin as CEO. With 17 shops opened since the brand’s founding in 2012, BikeShop aims to acquire and/or open nearly 1,000 shops across the nation under Throgmartin’s leadership.
“As an investor in BikeStreet, I’ve been watching the growth of the company since they launched,” Throgmartin said. “Now, I look forward to having a direct role in it. Cycling is a rewarding business — there’s such passion for the sport, the culture and the people. BikeStreet has already established itself as an industry powerhouse, but we have the rare opportunity to take the brand to another level, to produce a significant return for our shareholders and to help our customers lead healthier lives.”
Throgmartin helped grow his family business, Hhgregg, from 35 stores and $450 million in revenue to more than 228 stores with $2.5 billion in revenue. He was an integral part of securing Hhgregg’s growth capital from private equity sources, then in taking the company through the initial public offering (IPO) process, and finally in facilitating a successful secondary offering to fund the company’s continued growth.
Throgmartin takes over the CEO position from Pat Patregnani, who will remain an integral part of the BikeStreet team as founder and chairman of the board.
Over the next seven years, BikeStreet plans to acquire and/or open nearly 1,000 shops across the nation. The company was created by avid cyclists for avid cyclists, as well as for children, families and even first-time cyclists who are considering the sport for exercise and recreation.
Egg producer names Webb to new ops role
The nation’s largest egg producer, Cal-Maine Foods, named Wil Webb to a new role as vp of operations.
Webb will be responsible for the company’s extensive production facilities in Alabama, Louisiana and Mississippi and reports to Cal-Maine COO Sherman Miller. Webb has been employed with Cal-Maine Foods since 1997 and most recently served as general manager of the company’s operations in Edwards, Mississippi.
“We are pleased to recognize the hard work and dedication that Wil Webb has shown to Cal-Maine Foods for over 17 years,” said Dolph Baker, chairman, president and CEO. “He brings extensive field experience to this position, having served in different locations for Cal-Maine Foods. He also understands the critical details involved in effectively managing our day-to-day operations. We are proud to have Wil join our management team, and we look forward to his valuable contributions as we continue to pursue our growth strategy.”