OPERATIONS

RILA Hires VP for Asset Protection

BY CSA STAFF

The Retail Industry leaders Association (RILA) recently announced the hiring of Paul Jones as VP for asset protection.

A well-respected loss-prevention professional with more than 20 years of experience, Jones will lead RILA’s asset protection and loss-prevention activities and serve as RILA’s representative to its many private and public-sector partners.

Jones previously served for five years as senior VP for loss prevention for Ohio-based Limited Brands. In addition, Jones’ previous experience includes tenures with several major retailers, including Federated Department Stores, Sunglass Hut and Luxottica Retail Group.

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OPERATIONS

Sally Beauty’s CFO Resigns

BY CSA STAFF

Denton, Texas Sally Beauty Holdings announced Tuesday that senior VP and CFO David L. Rea has resigned, effective April 11. Rea, who is leaving to spend more time with his family and to pursue other interests, has agreed to continue serving the specialty retailer in a consulting role for approximately three months following his termination date.

Mark Flaherty, Sally’s current chief accounting officer and controller, will serve as acting CFO as the company conducts a search of both internal and external candidates. Prior to joining Sally, Flaherty was the CFO of Tandy Brands Accessories.

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Marks & Spencer CEO to Become Exec Chair

BY CSA STAFF

London Marks & Spencer Group PLC will promote CEO Stuart Rose to the role of executive chairman. He is expected to hold this post for three years.

Rose will succeed Chairman Terry Burns, who will step down as of June 1. The announcement caused a negative reaction from shareholders as the decision reportedly did not take into account the views of the company’s investors, according to a report from Thomson Investment Management News.

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