Sears Holdings Names CFO Successor
Hoffman Estates, Ill. Sears Holdings Corp. announced that Michael D. Collins joined the company as senior VP, finance. Collins will succeed J. Miles Reidy as Sears Holdings’ CFO prior to the end of the 2008 fiscal year. Reidy, who intends to step down later in the year as the company’s CFO in order to attend to a family issue, will work with Collins to facilitate an orderly transition.
Collins most recently was the senior VP, planning and analysis, at General Electric Corp.’s NBC Universal Division.
Customer Opens Fire at Tenn. Mall, Killing Worker
Knoxville, Tenn. A customer opened fire in a crowded shopping mall Wednesday afternoon in Knoxville, Tenn., killing an employee of the Reno Menswear clothing store before he was shot and wounded by police officers, authorities said. Witnesses said the gunfire sent people “stampeding” for cover, according to the Associated Press.
The employee was shot multiple times around 4:20 p.m. after a confrontation with the man at Knoxville Center Mall, police spokesman Darrell DeBusk said. He died at the scene.
The suspect was taken to University of Tennessee Medical Center and was in stable condition. Police didn’t release the names of the customer or the suspect.
The mall, owned by Simon Property Group of Indianapolis, closed early because of the shooting.
Mall manager Tim Hill said in a release that the company was “deeply saddened” by the tragedy, offered sympathy to the victim and his family and pledged full cooperation with authorities.
Save Mart Confirms CFO
Modesto, Calif. Save Mart Supermarkets confirmed the appointment of Stephen Ackerman as CFO. He had been acting CFO and VP of finance since May.
Save Mart operates nearly 250 stores in Northern California and Northern Nevada.