Navarro Discount Pharmacy names CEO
New York City — Navarro Discount Pharmacy, which currently has 29 stores, has named CFO Juan Ortiz to the position of CEO.
Ortiz succeeds CEO Steve Kaczynski, whose expertise in retail merchandising and marketing over the last 18 months has been instrumental in setting a strategic direction for the company and expanding its footprint in South Florida and nationally, the company said.
"Juan Ortiz and his team have worked diligently on [giving] Navarro¹s successful financial turnaround building a singular focus and working hand-in-hand with management and employees to execute an effective, long-term plan," stated Jorge Rico, a co-founding partner of MBF Healthcare Partners, Navarro’s equity partner. "In addition, Juan’s leadership over the last three years laid the needed groundwork for the first phase of Navarro¹s three-year store expansion plan, now being implemented, as well as record sales and earnings in the company’s 50-year history."
Women’s leadership group unveils diversity hall of fame inductees
Orlando, Fla. — The Network of Executive Women will induct the first group of honorees into the newly created CPG Retail Diversity Hall of Fame on Sept. 19, as part of the organization’s annual Leadership Summit.
The inaugural slate of inductees consists of 11 executives and organizations who are responsible for driving diversity in the industry. The inductees include former Walmart CIO Linda Dillman, IT expert Jeri Dunn, PepsiCo executive Tom Greco, the late Bill Grize of Ahold USA , Don Knauss of Clorox and Jeff Noddle of Supervalu. Other inductees include supply-side standout Kay Palmer, supermarket veteran Judy Spires and Jamba Juice CEO James White. Companies such as Delhaize America and Procter & Gamble also will be recognized in the CPG Retail Diversity Hall of Fame for their efforts to advance diversity and inclusion.
The event is held in conjunction with the NEW Leadership Summit 2011 that is expected to draw roughly 900 attendees.
Wal-Mart’s Massmart to expand fresh food through acquisition
Johannesburg, South Africa — The South African retailer owned by Wal-Mart Stores will make a key acquisition to expand its fresh food offerings, according to a Tuesday report by Bloomberg.
Massmart Holdings Ltd. said it will acquire The Fruitspot as part of its plan to expand its fresh foods. A Massmart spokesman told Bloomberg that the retailer aims to increase its business in butcheries, bakeries and fruit and vegetable suppliers.