OPERATIONS

Trans World Entertainment names Vanity Stores chief as CEO

BY Dan Berthiaume

Albany, N.Y. – Trans World Entertainment Corp., owner of the FYE music and video chain, named Michael Feurer as CEO. Feurer, who succeeds longtime Trans World leader and founder Robert J. Higgens, most recently served as CEO and president of Vanity Stores. Higgins announced in March he was retiring.

"After spending considerable time with Mike, I am confident we have chosen the right candidate to lead our company," stated Higgins, who will remain chairman. "He is passionate and driven and understands the opportunity Trans World has to be the destination for entertainment. I am confident that he will drive our operating results and increase shareholder value."

Feurer’s prior experience includes nine years at Coldwater Creek in various positions, including senior VP merchandising and merchandise operations and president, Strategic New Concepts. He also spent 10 years at Gap Inc. where he was responsible for planning for their Japanese, European, and Canadian markets. Robert J. Higgins, the company’s founder, will continue to serve as chairman of the board.

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FINANCE

Amazon CFO transition

BY Marianne Wilson

New York — Amazon said that senior VP and CFO Thomas J. Szkutak plans to retire in June 2015. Brian T. Olsavsky, VP finance for Amazon’s global consumer business, will succeed Szkutak. Szkutak and Olsavsky will work together during the next 10 months as part of the transition.

Szkutak joined Amazon in 2002 as CFO, and oversees the controller, treasury, investor relations, tax, internal audit and facilities functions as well as financial management of the company’s business units.
“Under Tom’s stewardship, customers have benefitted from category expansion and geographical expansion, along with amazing new businesses like AWS and Kindle,” said Bezos. “The day Tom joined the company was a very lucky one for Amazon’s shareowners and customers and for all of us who’ve had the pleasure and fun of getting to work with him. We wish Tom and his family all the best in their next round of adventures.”

Olsavsky joined Amazon in April 2002 as VP finance. He has held numerous financial leadership roles across Amazon with global responsibility.

Prior to joining Amazon, he was employed by Fisher Scientific International for seven years in a variety of financial and business management roles.

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OPERATIONS

Former Sears CIO named CIO of Office Depot International

BY Dan Berthiaume

Boca Raton, Fla. – Keith Sherwell, who served as CIO of Sears Holding Corp from March 2010 to June 2013, has been named CIO of the Office Depot international division, effective Sept. 15. Sherwell advised the board of OfficeMax during merger negotiations with Office Depot, and has served as a technology integration consultant to Office Depot since the completion of the merger in November 2013.

Sherwell played a leading role in implementing big data analytics and technology at Sears, including the April 2012 launch of the company’s MetaScale Big Data accelerator. He will take responsibility for integrating Office Depot and OfficeMax technology in the European, Asia-Pacific and Latin American markets.

Todd Hale will remain in his position as CIO of Office Depot.

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