OPERATIONS

Macy’s Terry Lundgren joins P&G Board

BY Staff Writer

New York — Procter & Gamble named Macy’s chairman, president and CEO Terry Lundgren as the newest member of its board of directors.

Lundgren fills a position vacated by current P&G director Johnathan Rodgers who is not seeking re-election when P&G’s holds its annual shareholder meeting in October.

"We are delighted to welcome Terry Lundgren to the board," said P&G chairman, president and CEO Bob McDonald. "He brings extensive leadership, strategy and risk management experience, as well as exceptional knowledge of the consumer industry and dynamic marketing practices. His hands-on experience in organizational optimization will be invaluable as we continue to drive our productivity programs forward."

Lundgren will serve on the governance and public responsibility and the innovation and technology committees of P&G’s board. Retiring board member Rodgers has served on the board since 2001.

Lundgren has served as chairman, president and chief executive officer of Macy’s since 2004. He joined Federated Department Stores in 1975 and became president of its Bullock Wilshire operation in 1987. He was next appointed chairman and CEO of Neiman Marcus in 1988 and six years later returned to Federated as chairman and CEO of its merchandising group. Federated acquired Macy’s in 1994. In 1997, Lundgren was named president and chief merchandising officer of the combined company. He became COO in 2002 and CEO the following year.

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M.Donovan says:
Mar-25-2013 09:45 am

Finally you joined! I am sure
Finally you joined! I am sure that you will make a great job! http://www.yachtchartermarmaris.de

M.Donovan says:
Mar-25-2013 09:45 am

Finally you joined! I am sure that you will make a great job! http://www.yachtchartermarmaris.de

NicoleScott says:
Mar-08-2013 07:12 am

I've missed this news. Good
I've missed this news. Good to find it here. Anyway, Lundgren has proven to be a good leader, so without a doubt, he is a big asset now to the company. - Kale Flagg

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OPERATIONS

Gymboree names former Gap exec as CEO

BY Katherine Boccaccio

San Francisco — Gymboree Corp. announced Tuesday that it has appointed Mark Breitbard as CEO, effective Jan. 14. Breitbard joins Gymboree from Gap Inc., where he was president of Gap North America.

He also has served as EVP of GapKids and babyGap.

Breitbard succeeds interim CEO Kip M. Garcia, who will resume his former duties as president. Garcia stepped in when former CEO Matthew McCauley resigned last September.

Interim COO Yvonne Hao will return to her role as an operating partner at Bain Capital.

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NicoleScott says:
Mar-08-2013 07:28 am

He is the right person for
He is the right person for the position. Yet, we still have to see of his capacity to perform his job. - Kale Flagg

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FINANCE

Ascena CFO to retire, succeeded by restaurant vet

BY Katherine Boccaccio

Suffern, N.Y. — Ascena Retail Group Inc. said Tuesday that CFO Armand Correia is retiring after 21 years with the company that is parent to Dressbarn, Justice and other brands.

Restaurant veteran Dirk Montgomery will succeed Correia, effective Jan. 16. Montgomery most recently served as EVP and chief value chain officer of Bloomin’ Brands, which operates the Outback Steakhouse and Bonefish Grill chains.

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NicoleScott says:
Mar-08-2013 11:16 am

He had carried the company
He had carried the company for 21 long years, and brought it to where it is today. With all those success, he had already done so much enough, I guess, he had nothing more to prove. - AflacAssist.com

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Consumer confidence is high. Is that reflected in your stores’ revenues?

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