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Solomo launches Solomo Exchange 2.0

BY Dan Berthiaume

Madison, Wis. — Solomo Technology Inc. has launched Solomo Exchange 2.0, a comprehensive platform for location analytics and mobile engagement enabling rapid implementation and management of smart locations. With a smart location, retailers can activate devices and sensors to realize analytics, build and measure campaigns and enhance engagement across a facility, multi-floor building or entire organization. Consumers are given complete control of their personal identity and location information.

“In today’s hyper-connected mobile world, consumers expect increasingly personalized in-location experiences and we expect that not just when we shop, but when we travel, in the office, at sporting events, basically in all aspects of our life.” said Liz Eversoll, founder and CEO of Solomo. “Today, you wouldn’t build a Web site without analytics; in the same vein you want your location to have an equivalent level of intelligence.”

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Pantry shareholders group expresses concern

BY Dan Berthiaume

Houston – Concerned Pantry Shareholders (CPS), a group led by JCP Investment Management LLC and Lone Star Value Management LLC, together a significant shareholder of The Pantry Inc. has sent an open letter to the shareholders of The Pantry. The letter highlights what CPS terms the prolonged underperformance at The Pantry and the critical need for significant change in the company’s board of directors.

The letter cites specific factors such as 10 years of negative total stockholder return amid $1.9 billion spent in acquisitions and capital expenses, management turnover including four CEOs in five years, and a debt load increase from $500 million to $900 million in the past 10 years.

CPS is urging shareholders to elect its three independent nominees, Todd Diener, James Pappas and Joshua Schechter, to serve on the board at the upcoming 2014 annual meeting. They would replace chairman of the board Ed Holman, chairman of the corporate governance and nominating committee Tom Murnane, and the chairman of the compensation committee Robert Bernstock.

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EveryWare Global appoints interim CEO

BY CSA STAFF

EveryWare Global’s board of directors has named Sam Solomon as interim CEO. Solomon is succeeding John Sheppard, who left the company this week.

Solomon has more than 20 years of leadership experience in branded consumer, multichannel businesses, including Sears, the Coleman Company and Procter & Gamble. Most recently, he served as president of the Sears/Kmart tools, hardware and paint business where he was responsible for the Craftsman brand. Prior to Sears, Solomon served as president and CEO of the Coleman Company, a division of Jarden Corp., a global consumer products company, for seven years. At Coleman, Solomon led the company to double-digit sales and profit growth through innovative marketing, effective sales strategies, operational excellence and aggressive international expansion.

“Sam is an accomplished executive with a clear understanding of strategy, finance and operations in the branded consumer product industry,” said Daniel Collin, chairman of the board of directors at EveryWare. “We are confident that he brings the right management skills and leadership to ensure the company continues to execute its business strategy, including securing new customer wins in underserved channels, expanding the international and specialty segments, and identifying cross-selling opportunities in the foodservice segment. We look forward to working with Sam as EveryWare continues to grow and innovate. In addition, on behalf of the board, I would like to thank John for his contributions and wish him the best in his future endeavors.”

The board of directors has formed a search committee to evaluate candidates to serve as the company’s permanent CEO and has engaged executive search firm Korn Ferry to assist in the process. Solomon is a candidate in the search for a permanent EveryWare CEO.

“I am excited about EveryWare’s opportunity to build on its established and compelling business model. The Company has extensive avenues for growth that can be achieved by leveraging two of the most recognized brands in the tabletop industry, strong customer relationships and continued product innovation. I look forward to working with EveryWare’s customers, suppliers and team members,” added Solomon.

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