Safeway May Shed Gift-Card Unit
Los Angeles Safeway Inc. CEO Steve Burd said he might sell or “monetize” part of its Blackhawk Network gift-card unit because it was undervalued, according to a report in the Los Angeles Times.
Blackhawk sells gift cards from retailers including Nordstrom Inc. and Starbucks Corp. at more than 63,000 kiosks in Safeway and other grocery stores. Burd discussed selling the unit at a Bear Stearns Cos. conference in New York City.
“We are determined to get the market to appreciate the underlying value of Blackhawk,” Burd said. “If at some point we feel frustrated in that the market’s not valuing that, then there would be an effort to monetize a piece of that so that we could get that appreciation.”
Burd declined to give a timeline for a decision.
Verde joins TDIndustries board
DALLAS TDIndustries, a specialty construction company, has announced the appointment of Dora Ann Verde to its board of directors. Verde, a CPA and partner in the public accounting firm of Garza/Gonzalez & Associates in San Antonio, will serve as chairperson for TDIndustries’ audit committee.
According to Jack Lowe, Jr., board chair of TDIndustries, “We are fortunate to name Dora Ann Verde to our board and are very impressed with her exceptional qualifications.”
Brash Entertainment names legal affairs vp
Video game company, Brash Entertainment, announced that Melissa Miller has been appointed vp of legal affairs. Miller joined Brash from Fox Filmed Entertainment, where she handled legal affairs for domestic and global licensing and merchandising initiatives.
Prior to joining Fox, Miller practiced at Alschur Grossman Stein & Kahan, where she litigated on disputes involving partnership agreements, trade secrets and intellectual property.
“Melissa Miller has specialized in understanding complex partnerships and licensing agreements, making her an ideal fit for our business,” said Mitch Davis. “She navigates the Hollywood studio system with ease and is equally comfortable working closely with the game development community.”