Taco Bell founder dies at age 86
San Bernardino, Calif. Glen W. Bell, Jr., founder of the Taco Bell fast-food chain, died Sunday at the age of 86.
No cause of death has been given for Bell, who suffered from Parkinson’s disease since 1985.
The taco entrepreneur entered the fast-food business in 1951 from a drive-in location in San Bernardino, Calif. His first restaurant under the Taco Bell banner opened in March 1962 in Downey, Calif.
PepsiCo purchased Taco Bell in 1978 for $125 million and eventually spun off its restaurants into Tricon Global Restaurants, now known as Yum Brands.
Taco Bell serves more than 36 million customers each week in more than 5,600 U.S. locations.
Cabela’s announces exec promotions
Sidney, Neb. Cabela’s reported Tuesday it has promoted six of its executive team.
The sporting goods retailer promoted Patrick A. Snyder to executive VP and chief marketing officer and charged him with overseeing the newly consolidated e-commerce and catalog businesses.
Brian J. Linneman was promoted to executive VP and chief merchandising officer, responsible for merchandising, planning, inventory, visual merchandising and strategic planning/process improvement.
Ralph W. Castner was promoted to executive VP and CFO, as well as chairman of the board of World’s Foremost Bank, the company’s wholly owned bank subsidiary. Castner will continue his current responsibilities for finance, accounting, investor relations, tax, internal audit, legal, and risk management, but will also take on responsibilities for real estate, construction and facilities.
Joseph M. Friebe was promoted to executive VP of Cabela’s and president and CEO of World’s Foremost Bank.
Charles Baldwin was promoted to executive VP and chief administrative officer. He will continue his current responsibilities for human resources and take on responsibilities for information systems, call centers and the company’s Outdoor Adventures division.
Michael Copeland was promoted to executive VP and COO. Previously VP retail operations, Copeland will continue his responsibilities for retail operations in the United States, as well as asset protection, and will take on responsibilities for operations in Canada.
CVS names diversity officer
Woonsocket, R.I. CVS Caremark said Tuesday it has appointed David Casey as VP and diversity officer.
In this new role, Casey will lead the company’s efforts related to strategic diversity management.
“CVS Caremark has a longstanding commitment to diversity,” said Lisa Bisaccia, senior VP and chief HR officer. “To that end, we’re delighted that David Casey has joined CVS Caremark to develop and drive best practice diversity strategies designed to help the company ensure that we have a workforce reflective of the communities we serve and a culture of inclusion that enables us to meet and exceed the needs of our increasingly diverse customers.”