Sports Authority CEO resigns, replaced on interim basis by Jo-Ann Stores CEO
New York City — David Campisi, CEO and president of Sports Authority has suddenly resigned after just 17 months in the position, according to The Denver Post and other newspapers. Campisi joined Sports Authority in 2004 and served in various executive roles prior to being named chief executive and president in 2010. No reason has been given for the departure.
The Englewood, Colo.-based sporting goods retailer, which is owned by the private equity firm Leonard Green & Partners, has named Darrell Webb, currently chairman and CEO of Jo-Ann Stores, as interim CEO. Webb will retain the post of chairman at Jo-Ann, but will be replaced as CEO by Travis Smith, president of the chain. Jo-Ann is also owned by Leonard Green.
“I wish the company and its employees all the best as I pursue a new chapter in my career,” Campisi said in a statement. He came to Sports Authority from Kohl’s, where he was executive VP merchandising.
Sports Authority operates more than 460 stores in 45 states.
Macy’s executive moving to CVS
New York City — CVS Caremark announced that Mark Cosby has been appointed president of CVS/pharmacy, effective Oct. 1. He formerly served as president of stores for Macy’s.
“We’re delighted that Mark is joining our team,” Larry Merlo, CEO of CVS Caremark (NYSE: CVS) said in a news release. “His valuable experience at major retailers in operations and strategic planning makes him an excellent choice to lead our retail business going forward.”
Cosby succeeds Merlo, who led CVS’ retail business prior to taking over as CEO in March 2011.
Honeywell completes EMS acquisition
Morris Township, N.J. — Honeywell announced that it has completed its acquisition of EMS Technologies, for approximately $491 million. EMS is a leading provider of connectivity solutions for mobile networking, rugged mobile computers and satellite communications.
The acquisition will enhance Honeywell’s existing capabilities in rugged mobile computing technologies within its Automation and Control Solutions business (ACS) and satellite communications within its Aerospace business. EMS’s Global Resource Management (GRM) division provides highly ruggedized mobile computing products and services for use in transportation, logistics, and workforce management settings as well as secure satellite-based asset tracking and messaging technology for search and rescue, warehousing, and field force automation environments.