FINANCE

TJX names new CFO

BY Katherine Boccaccio

Framingham, Mass. — The TJX Cos. announced Tuesday that Scott Goldenberg has been promoted to CFO, retaining his executive VP title, effective immediately.

Goldenberg will oversee corporate finance for TJX and continue to report to Jeffrey Naylor, who had resumed the CFO position in 2009. Naylor will continue as senior executive VP, chief administrative officer and also have responsibility for other corporate functions, including information technology, legal, risk management and investor relations.

Goldenberg most recently held the title of executive VP finance for TJX.

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OPERATIONS

Bon-Ton announces board changes; Bergen named chairman

BY Katherine Boccaccio

York, Pa. — Following recent news that Bon-Ton Stores president and CEO Bud Bergren would be stepping down and succeed by former Lord & Taylor CEO Brendan Hoffman, the retailer said Tuesday that, effective Feb. 7, Bergen will become chairman of the board.

Hoffman will become a director of the company. Former executive chairman, who recently resigned that title, will remain on the board as strategic initiatives officer.

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OPERATIONS

Sainsbury’s selects Kronos workforce management solution

BY Katherine Boccaccio

Chelmsford, Mass. — Workforce management solution-provider Kronos Inc. said Tuesday that Wokingham, U.K.-based Sainsbury’s has selected the Kronos solution to control labor costs and improve workforce productivity.

The Kronos solution will manage the time and attendance and scheduling of more than 150,000 associates in more than1,000 locations across the United Kingdom.

Prior to selecting Kronos, Sainsbury’s managed time and attendance and scheduling through a blend of manual and partially automated processes.

“Kronos software will help us manage and allocate our labor in store and pay our colleagues more effectively, while allowing us to benefit from simplifying our current processes,” said Rob Fraser, IT director, Sainsbury’s.

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