OPERATIONS

President and CEO of Susser Holdings’ retail division to leave company

BY Dan Berthiaume

Corpus Christi, Texas – Steve DeSutter, president and CEO of Susser Holdings’ retail segment, is leaving the company, effective Feb. 28, 2014, to accept an opportunity to lead a significant company outside the convenience store industry. That segment will now report directly to Sam L. Susser, chairman and CEO of Susser Holdings, on an interim basis.

"I want to thank Steve for his leadership and service to all of the Stripes stakeholders," said. Susser. "He has been dedicated to helping us grow our business while helping to build one of the most committed management teams in the industry. We are grateful for the many new ideas and business processes that our retail team has implemented during Steve’s five and a half years with us. We wish him all the best in his next endeavor."

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OPERATIONS

Report: Walgreens files mobile refill patent suit

BY Dan Berthiaume

Deerfield Park, Ill. – Walgreen Co. is reportedly suing CVS Caremark Corp., Rite Aid Corp. and Shopko Stores Inc. for allegedly infringing on a patent for using mobile phone scanners to refill prescriptions. According to Bloomberg, Walgreens filed a complaint in federal court in Wilmington, Del., saying the three competitors are violating a patent it received in January 2013.

Walgreens reportedly said in its complaint that it owns, offers and operates mobile express refill applications that run on iPhones, Android-equipped phones and Blackberrys. The retailer is asking for unspecified damages and a halt to the infringement. Representatives of CVS, Rite Aid and Shopko all declined to comment in the article.

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Wet Seal director resigns for retail CEO role

BY Dan Berthiaume

Foothill Ranch, Calif. — Mindy C. Meads has resigned from the board of directors of The Wet Seal, effective Feb. 4, in order to focus on her new role as CEO of specialty women’s apparel retailer Calypso St. Barth.

“Mindy has been a valued member of the board of directors and we wish her well in her future endeavors with Calypso St. Barth,” said Lynda Davey, non-executive chairman of the board Wet Seal. “Mindy’s leadership as chair of the nominating and corporate governance committee and her general contributions to the board were a value to the Company and its shareholders.”

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