OPERATIONS

Retail Ventures Appoints CEO

BY CSA STAFF

Columbus, Ohio Retail Ventures has named James A. McGrady to succeed CEO and president Heywood Wilansky, effective Feb. 1.

McGrady is currently executive VP and CFO of the company. He will retain the position of CFO along with his new titles.

In August, the company said it did not plan to renew Wilansky’s contract. The move came seven months after Retail Ventures paid a group of private-equity investors to take over its struggling Value City Department Stores chain, which declared bankruptcy this fall.

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Morse named to HSN board

BY CSA STAFF

ST. PETERSBURG, Fla. HSN has named John Morse, Jr. to its board of directors.

Morse is currently senior vp of finance and cfo of The Washington Post Company where he has served in this role since November 1989.

 

In commenting on the appointment, Arthur Martinez, chairman of the board of HSNi, stated, “We are extremely pleased that Jay will join our Board to leverage his more than 35 years of media and management expertise. Jay’s high standards and excellent judgment will be invaluable as we continue to guide the strategic direction of the company.”

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Moenig resigns as DivX cto

BY CSA STAFF

SAN DIEGO DivX has announced that Markus Moenig, senior vp and chief technology officer, has resigned effective Dec. 1.

“Since DivX acquired MainConcept in November 2007, Markus has played a key role in the successful integration of MainConcept as a subsidiary of DivX,” said Kevin Hell, ceo of DivX. “One product of this effort is the future release of DivX 7, which will feature MainConcept’s award-winning H.264 solution. With the integration of these technologies complete, we thank Markus for his efforts and wish him well with his future plans.”

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