FINANCE

Tile Shop names Best Buy controller as CFO

BY Marianne Wilson

Minneapolis — Tile Shop Holdings announced the appointment of Kirk Geadelmann as its new CFO.

He will transition into the role on August 12, 2014, succeeding CFO Timothy C. Clayton, who has resigned his position to accept an executive position with another company. Clayton will remain with the Tile Shop until mid-August to ensure a smooth transition of responsibilities.

Prior to joining Tile Shop, Geadelmann worked for 14 years at Best Buy, most recently serving as the corporate and international controller.

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STORE SPACES

TPG Architecture names design director, retail studio

BY Marianne Wilson

New York — TPG Architecture has promoted Nicole Varadi from senior designer to design director, retail studio.

Varadi, who joined TPG in 2011, will now take on a greater degree of leadership within the retail studio while continuing to work actively on projects. Recently, she helped lead the design of The Red Door, the award winning day spa and beauty boutique in Union Square. She is currently working with brands such as Sundance and Rent the Runway, and is playing an active role in acquiring new business for the firm.

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News

Former P&G CEO McDonald to lead VA

BY CSA STAFF

Bob McDonald ran the world’s largest CPG company as CEO of Procter & Gamble and now he is returning to public service as head of the embattled Veteran’s Administration.

President Barack Obama nominated McDonald for the position of Secretary of Veterans Affairs on Monday. He is a a graduate of West Point who served in the U.S. Army for five years and held the rank of captain before joining Procter & Gamble. He fills a position at the VA previously held by Eric Shinseki after a bi-partisan outcry over his leadership and the agency’s failings when it came to the delivery of health care to veterans forced his resignation.

McDonald may have led the world’s largest CPG company with 120,000 employees and products sold in 180 countries worldwide, but the VA is a massive bureaucracy with 300,000 employees and a culture that is sure to be unlike what McDonald was accustomed to at P&G.

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