Pantry CEO steps down
Cary, N.C. — The Pantry said Monday that CEO Terrance M. Marks plans to resign within two months.
In a statement, Marks said that his decision was driven by personal reasons, and that he had accepted "an opportunity that will enable me to return to my home and family in Atlanta."
The chain’s board of directors has formed a committee to find a new CEO. Marks will stay on for up to 60 days to help with the transition. Board chairman Edwin Holman will serve as interim CEO after Marks leaves, in line with a previously adopted plan.
Marks’ departure is the latest in a series of leadership changes at The Pantry: In May the company announced that its operations VP was leaving, and in June it announced a new general counsel.
Starbucks in settlement on overtime pay
Seattle — Starbucks Corp. agreed to pay nearly $1.6 million to cafe managers and their lawyers to settle a dispute concerning overtime pay, the Associated Press reported.
The lawsuit was filed in 2009 in U.S. District Court in South Florida by a former Starbucks employee and covered roughly 550 managers.
The store managers, who often work side-by-side with other cafe employees, had argued that Starbucks wrongly classified them as exempt from overtime pay. In their complaint, they said they should be compensated with overtime pay when they work more than 40 hours per week.
In a settlement reached this month, Starbucks agreed to pay $613,680 to the managers represented in the case and $950,000 in attorney’s fees and expenses.
Winn-Dixie to discontinue SaveRite banner
Jacksonville, Fla. — Winn-Dixie Stores announced Thursday that it would convert all of its SaveRite-branded grocery stores to Winn-Dixie brands, discontinuing the SaveRite banner permanently.
“By aligning all 484 stores under one Winn-Dixie banner, we will be able to ensure a more consistent shopping experience for all of our guests – regardless of the type of neighborhood in which we operate,” said Peter Lynch, Winn-Dixie’s chairman, CEO, and president.
Six SaveRite locations in two states will convert to the Winn-Dixie store format over a four-month period.