Ousted chairman and founder of Men’s Wearhouse quits board
New York — George Zimmer, the founder of Men’s Wearhouse Inc., resigned from the company board of directors on Monday, according to a letter he sent the board, which was obtained by Reuters.
Last week, Zimmer was fired as the company’s executive chairman. On Monday he submitted a letter resigning from the board. In the letter, Zimmer said it was "clear" he was fired by the board "to avoid addressing my growing concerns with recent board decisions."
Last week’s story: Men’s Wearhouse Zimmer fires back at board on firing
U.S. Cellular’s top executive named CEO of Ulta Beauty
Bolingbrook, Ill. — Ulta Beauty has selected Mary Dillon, the president and CEO of U.S. Cellular, as CEO, effective July 1, 2013. She replaces Dennis K. Eck, who has been serving as interim CEO of Ulta since CEO Chuck Rubin left to head up Michaels.
Dillon, 52, who will also become a member of Ulta’s board, has served in the top spot at U.S. Cellular since 2010. Previously, she was global chief marketing officer and executive VP for McDonald’s Corp.
"After conducting a thorough and robust search process, the Board believes that Mary is the ideal person to lead Ulta Beauty as we enter our next phase of growth,” said Eck. “Mary brings strategic vision, a rich consumer marketing background, strong operational experience, and a passion for the customer. Her experience with developing national brands, her expertise in the digital world, and her track record in building strong teams will all be important assets for Ulta Beauty.”
With 576 stores nationwide, Ulta has been aggressively expanding. It plans to open 125 stores this year.
Rite Aid promotes Ken Martindale to president
Camp Hill, Pa. — Rite Aid Corp. has promoted Ken Martindale, currently senior executive VP and COO, to president and COO. Rite Aid chairman, president and CEO John Standley will continue in those roles.
The promotion of Martindale, 53, is effective immediately.
“Since becoming our chief operating officer in 2010, Ken has continued to play a significant role in helping the company improve its overall performance and return to profitability,” said Standley. Ken’s appointment as president and chief operating officer is an opportunity for Rite Aid to further leverage his exceptional leadership skills, broad operating experience and strategic capabilities as we continue to focus on successfully growing our business.”
Martindale is a retail veteran with more than 35 years of diverse operations, marketing and merchandising experience. Before joining Rite Aid as senior executive VP of merchandising, marketing and logistics in December 2008, he served as co-president, chief merchandising and marketing officer for Pathmark Stores.