PetSmart president and COO to retire; announces management changes
Phoenix — PetSmart Inc. announced changes to its management team in conjunction with the retirement of its president and COO, Joseph O’Leary.
PetSmart CEO, David Lenhardt, will assume the title of president and CEO when O’Leary steps down. The company will not replace the COO position. Instead it will realign the responsibilities among four newly created executive VP positions, with Lenhardt assuming the title of president and CEO, with the changes effective April 4, 2014.
In addition, PetSmart will conduct a search for a new CIO to replace Don Beaver, who will also retire.
“Joe’s retirement has provided the opportunity to take a fresh look at our organizational structure and establish a senior leadership team that will best position PetSmart for future growth,” said Lenhardt. “We have strong and capable leaders, and with the addition of the new EVP positions, I’m confident we are in a position to deliver on our strategies and initiatives to drive future growth and deliver shareholder value.”
As part of the new structure, PetSmart is creating a new position, executive VP of customer experience, strategic planning and corporate development, which will focus on developing strategies for creating an unmatched customer experience, both in stores and online, and on developing organic and adjacent growth strategies across all platforms. Marketing, strategic planning and corporate development will report to this new executive VP. An external search will be conducted to fill this new role.
The following leaders will be named to the newly created executive VP roles:
- Carrie Teffner, who is currently senior VP of Finance and CFO, will now serve as executive VP and CFO with responsibilities for overseeing Finance and IS. The new CIO will report directly to Teffner.
- Matt McAdam, who is currently senior VP of merchandising, will now serve as executive VP of merchandising and real estate.
- Bruce Thorn, who is currently senior VP of store operations and services, will now serve as executive VP of store operations, services and supply chain.
Outgoing Lululemon CEO takes reins of frozen-food company
Atlanta — Christine Day, the outgoing CEO of Lululemon, has been appointed CEO at Luvo, a start-up frozen-food company that focuses on healthy, low calorie, low sodium meals. Day’s appointment is effective April 1.
“Christine’s unbridled passion for retailing and consumer insight adds an important component to elevate Luvo into the consumer mainstream," said Luvo founder and president, Stephen Sidwell. "We look forward to Christine’s guidance for the brand, helping Luvo take the lead in the national movement that delicious, nutrient-dense food can be affordable, convenient and easily accessible."
Day was appointed CEO of Lululemon in 2008. She announced her plans to leave the retailer in June, about three months after the company recalled yoga pants for being too sheer. Prior to Lululemon, Day spent 20 years at Starbucks Corp.
Cabela’s CEO joins Best Buy board
Minneapolis — Best Buy Co. announced the appointment of Thomas L. "Tommy" Millner to its board of directors. Millner is the president and CEO of Cabela`s Inc.
"Tommy is a well-regarded CEO who has successfully transitioned his organization from a traditional retailer to one that is highly respected as an effective omni-channel player," said Hatim Tyabji, chairman of the Best Buy board of directors. "Best Buy is on the same journey and Tommy`s insights will, no doubt, be valuable as the Company looks to even better serve its customers wherever and however they want."