OPERATIONS

Overstock.com CEO takes leave of absence

BY Katherine Boccaccio

Salt Lake City — Overstock.com said Tuesday that chairman and CEO Patrick Byrne will take a leave of absence for medical reasons. Company president Jonathan Johnson will assume Byrne’s CEO duties during the leave, although Byrne will remain chairman of the board.

Byrne, in recent years, had undergone various procedures regarding cardiac issues that may stem from his earlier episodes of cancer, and his leave of absence is associated with these cardiac issues.

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OPERATIONS

Gordmans appoints EVP, merchandising chief

BY Katherine Boccaccio

Omaha, Neb. — Apparel and home décor chain Gordmans announced Monday it has appointed Michael Morand as EVP and chief merchandising officer.

Morand has served as Gordmans’ EVP planning, allocation and analysis since 2008. In his new position, he will lead the combined merchandising and planning team and drive the retailer’s continued expansion in both new and existing markets.

Prior to joining Gordmans in 2007, Morand held senior-level positions in merchandising, strategic planning, allocation and marketing for several operating divisions of May Department Stores (now Macy’s Inc.), including Robinsons-May, Famous Barr and Lord & Taylor.

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OPERATIONS

CVS Caremark names former Staples exec as digital chief

BY Katherine Boccaccio

Woonsocket, R.I. — CVS Caremark said Monday it has named Brian Tilzer as SVP, chief digital officer for the drugstore chain.

Tilzer, previously SVP global e-commerce for Staples, is charged with developing and leading CVS digital innovation efforts and connecting current and future digital initiatives.

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