SUPPLY CHAIN

Walgreens taps OfficeMax executive as senior VP supply chain management

BY Marianne Wilson

Deerfield, Ill. — Walgreens named Reuben Slone senior VP supply chain management, effective May 16. He comes to Walgreens from OfficeMax, where he served as executive VP supply chain and general manager of services

Slone takes over supply chain management responsibility from Randy Lewis, who is transitioning to a new role with the chain. Lewis will continue to help advise on the company’s programs for people with disabilities and will play a critical role in several of Walgreens key strategic initiatives.

“Randy has been and continues to be a valued leader at Walgreens,” said Mark Wagner, president of community management, Walgreens. Wagner. “He has led the supply chain organization for 16 years with integrity, innovation and compassion. We are pleased that we will continue to benefit from his experience as we extend our ground-breaking hiring program for people with disabilities. Randy also will assist with Reuben’s transition and other strategic initiatives that take advantage of his 20 years with Walgreens.”

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OPERATIONS

Christopher & Banks names CFO

BY CSA STAFF

Minneapolis — Christopher & Banks Corp. announced that Peter Michielutti will be joining the company on April 23, 2012 as senior VP, CFO. He replaces Michael Lyftogt, who will return to his prior position as chief accounting officer.

Michielutti brings more than 20 years of financial leadership experience to Christopher & Banks. Most recently he served as senior VP and CFO at CSM Corp., a commercial real estate company. He has an extensive retail background, having held the CFO position at Whitehall Jewelers, Wilsons Leather and Fingerhut.

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REAL ESTATE

Sears completes sale of 11 properties to General Growth

BY Marianne Wilson

Hoffman Estates, Ill. — Sears Holdings Corp. said Tuesday that it completed the $270 million sale of 11 full-line Sears store locations to General Growth Properties.

Sears said the stores will continue to operate as Sears locations into 2013 or 2014, with final closing dates to be announced later this year. The stores are in Florida, Hawaii, Illinois, Iowa, Minnesota, Oklahoma, Texas, Utah and Washington.

Sears announced in December it would close between 100 and 120 stores to raise cash after a disappointing holiday season.

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