Stage Stores on the hunt for a CFO
Stage Stores’ CFO is stepping down.
The specialty department store retailer said that Oded Shein, Stages’ executive VP, CFO and treasurer, resigned his position effective August 10, 2018 to pursue another opportunity. The company has appointed Jason Curtis, senior VP, finance and credit, as interim CFO and treasurer.
Curtis has been with Stage since 2011, most recently serving as its senior VP, finance and credit since March 2017. Prior to joining Stage, Curtis served in various financial roles at Belk and The May Department Stores Company.
“I am thrilled that we have the depth of talent at Stage to appoint Jason as our interim CFO,” said Michael Glazer, president and CEO. “Jason has been instrumental in growing our private label credit card program and managing our expense structure. While we expect to assess internal and external candidates for the CFO position, I am very confident in the strength of our existing team.”
As of August 8, 2018, Stage operates 764 specialty department stores in 42 states under the Bealls, Goody’s, Palais Royal, Peebles and Stage banners, along with 59 Gordmans off-price stores, as well as an e-commerce website.
Walmart vet joins Lowe’s executive team
Lowe’s Companies has appointed a seasoned retail executive to head up its supply chain.
The home improvement giant named Donald E. Frieson as executive VP, supply chain, effective Aug. 8. He will be responsible for the company’s distribution centers, logistics, global sourcing, transportation and delivery services. Frieson will report to Marvin R. Ellison, president and CEO.
Frieson most recently served as COO at Sam’s Club, a division of Walmart, where he was responsible for all club operations. He Frieson joined Sam’s Club in 2012 as senior VP, replenishment and inventory planning.
From 2010 to 2012, Frieson served Walmart International as chief integration officer for Massmart Holdings, a chain of more than 300 stores operating in 13 sub-Saharan African nations, where he was responsible for supply chain, merchandise sourcing and private brand integration. Prior to Massmart, Frieson was senior VP, supply chain at Walmart where he led more than 30 distribution centers that supplied merchandise to nearly 1,600 Walmart stores, supercenters and neighborhood markets in the eastern U.S.
“Don has a proven track-record of driving seamless logistics and operations excellence within large, complex retail organizations with big bulky products, and we are delighted to welcome him to the team,” said Lowe’s president and CEO Ralph Ellison. “Don will bring deep experience and technical expertise to lead the transformation of our supply chain to meet the needs of our omnichannel customers.”
Prior to joining Walmart, Frieson spent 12 years working for Schneider National Carriers, where he developed operations and logistics expertise in the trucking industry.
Former Tesco exec to head up technology for Nordstrom
Nordstrom has ended its “extensive search” for a new technology chief.
The department store retailer has named Edmond Mesrobian as chief technology officer. He succeeds Kumar Srinivasan, who left his position as Nordstrom’s CTO in January 2017. Srinivasan left Nordstrom after less than a year on the job to return home to India.
Mesrobian joins Nordstrom from U.K.-based supermarket giant Tesco, where he focused on strengthening the company’s technological capabilities and creating innovative solutions for its customers.
Prior to Tesco, he spearheaded operational and technical innovations as CTO of global travel company Expedia, including online travel brands, Expedia.com, Hotels.com, and Hotwire.com.
Mesrobian will support all aspects of technology across Nordstrom. He will focus on advancing the retailer’s suite of technology capabilities to meet the evolving needs of customers.
“After an extensive search, we are excited to have Edmond join our executive team as chief technology officer,” said Blake Nordstrom, co-president of Nordstrom. “Edmond is a seasoned technology expert, and has contributed to the growth of retail, high-tech and internet-based businesses for nearly three decades. As our industry and customers evolve, Edmond will help us continue to transform our business so we can deliver the best experience to our customers, however they choose to shop with us.”