Petco CEO departs; replacement named
Petco Animal Supplies Inc. has tapped a tech executive as its new chief executive.
Petco named Ron Coughlin as CEO, effective June 18, replacing Brad Weston who has had the job since February 2016. Coughlin joins Petco from HP Inc., where he served for 11 years, most recently as president of Personal Systems.
Prior to joining HP, Coughlin spent 12 years at PepsiCo in a range of senior executive roles, including chief marketing officer of PepsiCo International Beverages.
“Ron has outstanding leadership experience with a consistent track record of driving strong growth and transformation at consumer-facing organizations,” said Christopher Stadler, managing Partner of CVC Capital Partners, which acquired Petco in a $4.6 billion buyout in February. “For the last 25 years, he has worked closely with the world’s top physical and online retailers.”
Petco’s departing CEO, Weston, joined the company in 2011 as president and chief merchant. He became CEO in February 2016
“We are greatly appreciative of the many valuable contributions that Brad Weston has made to Petco,” said Cameron Breitner, partner of CVC. “He is a very talented executive who has helped to establish a strong foundation for Petco’s bright future, and we are confident he will be successful in his future endeavors.”
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Gap names former Billabong, Eddie Bauer chief to head up namesake brand
A three-time retail executive has joined the senior ranks at Gap Inc.
The apparel giant appointed Neil Fiske as president and chief executive of its Gap brand, effective June 20, replacing Jeff Kerwin, who left in February. He will also serve on the company’s senior leadership team.
Most recently, Fiske served as CEO of Billabong International, where he led the brand’s return to a multi-year share growth. He left in April amid a management shuffle following the company’s acquisition by Boardriders.
Prior to joining Billabong in 2013, Fiske spent five years as president and CEO at Eddie Bauer. He was also chief executive of Bath and Body Works.
“Neil brings significant retail and apparel experience to Gap Inc. and a track record of transforming and repositioning brands,” stated Gap CEO Art Peck. “He is an experienced leader who deeply understands the mechanics of this business, the value of an omnichannel strategy, and the need to build a progressive and relevant brand. I believe Neil is the right leader to strengthen Gap brand.”
That's great HOWEVER, GAP will not be a relevant brand until it changes from being a basic - like socks and underwear - and includes a new brand that is relevant to today and some major trends of today and the future. If they really want to grow as a company, I have the answer. They can contact me at [email protected] Dan
Macy’s snags Home Depot exec to head up technology
Macy’s has a new technology chief who brings more than 20 years of experience to the position.
Naveen Krishna will take on the role of chief technology officer, effective June 16. He will be responsible for driving Macy’s technology strategy and direction, and will also oversee the teams that build the end-to-end e-commerce experience, enterprise-shared services, infrastructure, field services and functional IT support.
Krishna joins Macy’s from The Home Depot, where he was VP of technology, responsible for all digital platforms, user experience design, marketing technologies, and customer care. Prior to joining Home Depot in 2010, Krishna was a director at Target where he oversaw all web site technology and operations. He also spent 13 years in leadership roles with FedEx Kinko’s and Deloitte Consulting.
Krishna will report to Hal Lawton, president of Macy’s. He will be based in John’s Creek, Georgia, one of the Macy’s technology hubs.
“I’m thrilled to have Naveen Krishna join the Macy’s team as we enhance our focus on technology,” said Lawton. “We are investing in technology to improve digital and mobile experiences, site stability, store technology and fulfillment and logistics improvements. Naveen’s track record in omnichannel retail makes him the perfect fit to lead the Macy’s technology organization at this critical time.”
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