OPERATIONS

SMS Assist appoints former Wal-Mart exec as VP, client services

BY Staff Writer

Chicago — SMS Assist announced the appointment of Michael L. McMath as VP of client services for the Chicago-based technology-driven facilities maintenance and management company.

McMath previously held senior positions at Wal-Mart Stores, Alcoa and Compass Group.

McMath, 56, brings more than 30 years of leadership experience in corporate-level facilities management, contracting and procurement to his new position. He effectively managed annual maintenance budgets of more than $1 billion while working at three leading public companies, where he designed and implemented innovative cost savings plans that included inventory reduction, labor efficiency programs and process redesign initiatives.

“Michael’s facilities management expertise is second to none and perfectly meshes with our cost-effective, transparent delivery platform,” said Michael Rothman, SMS Assist CEO. “With his breadth of experience, which ranges from multi-unit retailers to industrial plant manufacturing, he understands our clients’ diverse needs and develops solutions that exceed their expectations.”

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OPERATIONS

Dentco names national sales manager

BY Staff Writer

Dewitt, Mich. — Dentco, a leading exterior services management company, has appointed David Arthur to serve as its new national sales manager.

Arthur comes to Dentco with 12 years of sales experience, which includes direct sales, product knowledge, forecasting, and vendor relation proficiency. More recently, Arthur was an architectural sales manager for six years, in which he coordinated sales for commercial jobs, negotiated pricing, and managed marketing efforts.

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FINANCE

Safeway adopts ‘poison pill’ to prevent takeover

BY Marianne Wilson

Pleasanton, Calif. — Safeway Inc. announced that it has adopted a one-year stockholder rights plan, or a “poison pill,” to discourage an unfriendly takeover.

The company adopted the plan after it became aware that unnamed investors had accumulated “a significant amount” of its stock. The investor turned out to be hedge fund company Jana Partners, which disclosed in a filing that it has accumulated a 6.2% stake in the supermarket retailer.

Under the plan, Safeway will distribute one right to purchase preferred stock for every share of common stock owned as of Sept. 30. The rights would flood the market with additional shares if an outside investor accumulates more than 10% of its common stock, Safeway said.

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