OPERATIONS

Wal-Mart names Asia financial chief

BY Staff Writer

Bentonville, Ark. — A Wednesday report by Bloomberg said that Wal-Mart Stores has named Morten Knudsen as CFO for Asia, as the retailer recasts its leadership roles in the region amidst top-heavy turnover.

Knudsen, who was previously VP for corporate finance in Asia for Danone, takes the financial chief spot for Wal-Mart Asia effective Sept. 1.

Since May, Wal-Mart has lost Japanese chief Toru Noda and three of its top executives in China, including the CFO and COO Roland Lawrence and Rob Cissell, respectively.

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OPERATIONS

Tommy Hilfiger names former Gap Asia Pacific president as its new Asia chief

BY Staff Writer

Amsterdam — The Tommy Hilfiger Group said Wednesday it has named John Ermatinger as CEO of the company’s Asia business, effective Aug. 1.

Ermatinger was previously president of Gap Asia Pacific for two years and president of Gap Japan for three years. Under his leadership, Gap successfully launched the brand in China.

In the newly created position for Tommy Hilfiger, Ermatinger will oversee all business activities in Asia, including the subsidiary Tommy Hilfiger Japan, the joint venture Tommy Hilfiger China, and the various licensed businesses throughout the territory. He will be based in the Hilfiger Hong Kong offices and will report to Fred Gehring, CEO.

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Kroger names Giordano head of Ralphs division

BY Staff Writer

Cincinnati — The Kroger Co. said Tuesday that it has promoted its current Quality Food Centers division president Donna Giordano to president of the Ralphs Division.

Giordano, who has been based in Seattle with QFC, replaces Mike Donnelly, who was promoted to senior VP merchandising for Kroger. She will be based in Los Angeles.

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