FINANCE

Subway opens 500 locations in third quarter

BY CSA STAFF

New York City — Subway announced that it opened 500 new locations in third quarter 2010, or from July 1 to Sept. 30. The chain said its franchisees opened units in 45 counties, 42 U.S. states, the District of Columbia, and four Canadian provinces.

Highlights for the period include reaching more than 33,500 locations worldwide, of which 9,900 can be found in international markets. Of special note is the milestone of 1,100 restaurants reached by the McLean, Va.-Subway Development Corp. of Washington, the company that oversees the chain’s single largest development territory, which includes all of Virginia and Delaware, Washington, D.C., and most of Maryland.

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Office Depot name greenest retailer by Newsweek

BY CSA STAFF

BOCA RATON, Fla.

Office Depot announced that it has been recognized by Newsweek Magazine as the greenest retailer in America. Office Depot was also ranked as the 18th greenest company in the United States. Visit http://www.newsweek.com/feature/2010/green-rankings.html to read the full report.

“Finding ways to reduce our own environmental impact is only the beginning of the Office Depot environmental program,” said Yalmaz Siddiqui, director environmental strategy for Office Depot. “We’re also proud to be working together with our customers and partners to make an even broader combined impact, which is reflected in the number of our larger customers that were also featured on the Newsweek list.”

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Atari proposes appointment of Wilson to board

BY CSA STAFF

PARIS Atari, S.A. announces that the board of directors meeting held on Oct. 25 proposed the appointment of Jim Wilson as a director of the board as Pascal Cagnihas resigned from the board. In addition, Wilson, previously CEO of Atari Inc., is taking the position of deputy CEO of Atari S.A. and Hindol Datta, VP finance and administration of Atari has been appointed interim CFO. He takes over the functions of Phil Veneziano who is leaving the G\group to pursue another career path.

Wilson joined Atari in 2007 as CEO of Atari Inc. He is a member of the executive committee of the group and has taken an active part in the transformation of Atari. In his new role, Wilson continues to focus on the development and execution of the strategic objectives and profitability goals, including the launch of numerous branded entertainment properties across multiple distribution channels.

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