News

SVP, general counsel at Coca-Cola to retire

BY CSA STAFF

ATLANTA — Coca-Cola on Thursday announced that Geoffrey Kelly will be retiring from his post as SVP and general counsel.

Kelly, who joined the company in 1970, will retire in February 2012. He has served in the role of SVP and general counsel since 2005.

Succeeding Kelly is Bernhard Goepelt, who will take on the role of SVP general counsel and chief legal counsel, effective immediately. Kelly will remain SVP during a transition period, Coca-Cola noted.

In related news, the beverage giant also announced that its board of directors has added former Chicago mayor Richard Daley to its team. In this capacity, Daley will serve on the company’s Committee on Directors and Corporate Governance. Daley currently serves as of counsel at Katten Muchin Rosenman LLP, an international law firm, and is the managing principal of Tur Partners LLC, an investment and advisory firm.

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OPERATIONS

Walmart spotlights disaster-torn communities on day five of Facebook campaign

BY Katherine Boccaccio

Bentonville, Ark. — Walmart said Friday that, on the fifth day of its "12 Days of Giving" Facebook campaign, it is awarding $130,000 to 13 nonprofits that are helping restore communities after natural disasters. Communities in Alabama, Connecticut, Missouri, Nebraska, New Jersey, North Carolina, North Dakota, Pennsylvania, Texas and Wyoming will receive contributions from Walmart Foundation, the retailer’s philanthropic arm.

Over 12 consecutive days, Walmart will award a total of $1.5 million to 145 organizations.

“This year was particularly tough with several regions being impacted by disasters across the nation," said Julie Gehrki, senior director at the Walmart Foundation. "We want to remember these communities during the holidays to help brighten the season for those who have been through so much this year."

Walmart’s call for nominations for its "12 Days of Giving" Facebook campaign resulted in more than 5,400 nominations from Facebook users who shared photos and short descriptions of a nonprofit’s impact in its local community. A panel from the Walmart Foundation reviewed submissions and selected nonprofits with a focus on organizations that are providing basic needs such as food, shelter, clothing and baby supplies.

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REAL ESTATE

Duane Reade unveils expanded store format

BY Antoinette Alexander

New York City — Duane Reade, a division of Walgreens, spotlights its “New York Living Made Easy” format on Friday with the unveiling of its expanded store located at 1657 Broadway in New York.
The new 24-hour location reflects the chain’s focus on rebranding and aggressive transformation initiatives to date.

"Duane Reade will continue to be at the forefront of drug store innovation throughout the chain’s repositioning efforts where it makes sense," said Joe Magnacca, president of Duane Reade and president of daily living products and solutions for Walgreens. “Taking this former 3,100-sq.-ft. Duane Reade Express store [and] integrating strategic retail and neighborhood-centric niche elements — thereby transforming it into its current 20,000-sq.-ft. total health, beauty and daily living destination — clearly indicates what we feel the future of drug stores will be."

New store offerings will include the debut of the UpMarket "Fro-Yo" Bar. This food offering, never rolled out before by Duane Reade, will feature eight varieties of frozen yogurt and four twists. There also will be various condiments, sauces and refrigerated toppings to choose from. The UpMarket "Fro-Yo" Bar yogurt is all-natural and produced by New York-based Ronnybrook Farms. An Upmarket "Freezee" station will also make a debut with rotating flavors of self-serve slushies.

Duane Reade’s fresh-made daily products will introduce all new entrees in ultra-fresh packaging, and a Good & Delish oatmeal station will be introduced containing three self-serve flavors of fresh instant oatmeal daily.

Offerings, first introduced at the chain’s 40 Wall St. flagship store, also will be integrated, including the Juice Market and a chef-manned sushi station featuring fresh sushi, sashimi and traditional sides.

The Duane Reade pharmacy will be linked to Walgreens’ pharmacy system so New Yorkers, out-of-state residents and visitors can have their Walgreens pharmacy information available at this Duane Reade location for a seamless patient experience that also will include prescription "ready" text messaging, free in-store language translation assistance and immunization services.

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