OPERATIONS

Supervalu announces divisional leadership changes

BY Katherine Boccaccio

Minneapolis — Supervalu announced Monday that it will make sweeping changes among its executive ranks as part of a previously announced right-sizing program.

Newly minted president and CEO Sam Duncan has named former Kroger VP Mark Van Buskirk as EVP merchandising and marketing for Supervalu, charged with oversight of retail merchandising and marketing.

Former Albertsons executive Rob Woseth has been named EVP chief strategy officer, overseeing real estate and corporate development, as well as strategic growth opportunities.

Former Fred Meyer procurement executive Steve Fox has been named SVP food merchandising.

Among its other banners, Supervalu has named Ritchie Casteel as president and CEO of Save-A-Lot. Casteel spent 30 years in leadership positions with Albertsons Inc. Other appointments include: Eric Hymas has been named president of Shop ‘N Save, replacing Marlene Gebhard; Bill Parker has been named president, Farm Fresh, after serving for the past seven months in the role of interim president; Brian Audette will continue as president of CUB Foods; Matt Leiseth will continue as president of Hornbacher’s; and Bob Bly will continue as president of Shoppers.

Departing the company, according to Duncan, are Kevin Holt, president of Supervalu Retail; Tim Lowe, EVP merchandising; and Michael Moore, EVP and chief marketing officer.

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OPERATIONS

Coinstar launches PayPal functionality on select kiosks

BY Katherine Boccaccio

Bellevue, Wash. — Coinstar has announced a new feature available at some Coinstar kiosks that enables consumers to deposit or withdraw funds from their PayPal accounts, as well as send money to another PayPal account.

The rollout began in February in Texas, Northern California, and Ohio, and will continue at select kiosks throughout the year, said the company.

The feature was test-piloted by Coinstar and PayPal in the Dallas metropolitan area in 2012. Initial test results revealed that 40% of kiosk users who used the PayPal feature went back to use PayPal on a Coinstar kiosk an average of two times a month.

“PayPal on Coinstar kiosks provide customers with a convenient way to add coins and paper currency to their PayPal account and spend their money anywhere PayPal is accepted,” said Dan Schatt, head of Financial Innovations at PayPal.

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S.Hance says:
Mar-12-2013 04:04 am

Thats good to hear. Paypal is now connecting with other institution to serve more clients. - Peter F. Spittler

S.Hance says:
Mar-12-2013 04:04 am

Thats good to hear. Paypal is now connecting with other institution to serve more clients. - Peter F. Spittler

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Wal-Mart’s U.S. chief administrative officer to step down

BY Staff Writer

New York — Wal-Mart Stores on Thursday confirmed a report from the Wall Street Journal that its U.S. chief administrative officer, Tom Mars, will step down in March. The company did not give a reason for his departure.

Mars has been with the chain for more than a decade. He served as the chain’s general counsel from 2002 to 2009, and was involved in an investigation into bribery allegations regarding a Wal-Mart store built near the Mexican pyramids, according to company emails released in January by members of Congress, Reuters reported.

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