Wegmans Food Markets Inc. Chairman Dies at 87
Rochester, Chairman of Wegmans Food Markets Inc. Robert B. Wegman died Thursday at Strong Memorial Hospital in Rochester, N.Y., at age 87. Wegman was known to donate a significant portion of the millions he made in the grocery business to schools and other institutions. In January 2005, Wegman handed his title as company CEO to his son Danny, and Danny’s daughter, Colleen Wegman, became company president.
Kroger Aims for New Store Categories
Cincinnati, Kroger is undergoing a redesigning and remerchandising effort in order to fit its stores into “upscale,” “value” and “mainstream” categories, Supermarket News reported. The move comes as the company is renovating its portfolio and adds new locations. The new store categories will reportedly emphasize different kinds of products and services.
American Eagle Names New VP, CFO
New York City, American Eagle Outfitters Inc. promoted Joan Hilson to executive VP and CFO of the company. Hilson previously served as CFO of Limited Brands Inc.’s Victoria’s Secret Stores before joining the company in September. Additionally, Hilson temporarily took on the financial duties after former CFO Laura Weil resigned to become COO of Ann Taylor Stores Corp.