Sears Holdings names corporate treasurer
Hoffman Estates, Ill. — Sears Holdings said that Scott Huckins will join the company as VP and corporate treasurer.
Huckins comes to Sears Holdings from RSC Holdings where he served as VP and treasurer, responsible for global treasury, credit and investor relations activities.
Wal-Mart details voting results for board members
Bentonville, Ark. — Wal-Mart Stores on Monday released the tally of its shareholder vote on Friday in which all directors of its board reelected. The voting showed some dissent against key executives and board members, including CEO Mike Duke, in the wake of allegations of bribery in Mexico.
According to the tally, CEO Mike Duke received 87% of votes in favor of his re-election. In other results, Chairman Robson Walton, son of Sam Walton received 87% in favor of re-election, and former CEO Lee Scott received 84%.
Descendants of Wal-Mart’s founder own about 50% of Wal-Mart’s shares.
In related news, one new director, Marissa Mayer, VP Local and Maps, Google Inc., was elected to the Wal-Mart board.
Walgreens and Express Scripts end lawsuits
Deerfield, Ill. — Pharmacy benefits manager Express Scripts and Walgreens said Friday they are ending a legal dispute. However, the decision has no impact on their ability to agree to business terms.
Walgreens said last June that it would stop filling prescriptions for Express Scripts Holding Co. members when a contract between the companies expired. It said Express Scripts was not paying it enough money.
In September, Express Scripts sued Walgreens and said it was trying to lure away its customers, which violated the terms of their contract.