Sally Beauty’s CFO Resigns
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.
Longs Drug Names COO
Walnut Creek, Calif. Longs Drug Stores announced late Friday that Todd Vasos has been named the company’s new executive VP and COO. The appointment is effective immediately.
Vasos, 46, succeeds Karen Stout, who has left the company, Longs said.
Vasos, previously Longs’ senior VP and chief merchandising officer, will oversee store operations, marketing, merchandising, construction and loss prevention.
In addition, Larry Gatta, 45, group VP of marketing, has been promoted to senior VP and chief merchandising officer.
Rite Aid Promotes Exec
Camp Hill, Pa. Rite Aid announced that Robert I. Thompson has been promoted to senior VP of the Northeast division where he will supervise operations of more than 1,000 stores.
When Thompson joined Rite Aid in 2004 as VP of pharmacy business development, he was charged with developing and implementing strategic initiatives to grow the company’s pharmacy business. He has been involved in planning and implementing Rite Aid’s integration of the recently purchased Brooks and Eckerd drugstore chains.