Walgreens Boot Alliance CIO stepping down
Deerfield, Ill. — Walgreens Boots Alliance announced Friday that Tim Theriault, the company's executive VP and global CIO, will step down for personal reasons, effective June 1. Theriault will continue to serve as a consultant to the company and as a senior advisor to executive vice chairman and acting CEO Stefano Pessina on a range of issues, including cyber security. Anthony Roberts, senior VP, international CIO, will assume the role of senior VP, global CIO.
“Tim has played a critically important role over the past six years leading Walgreens IT transformation, and advancing and integrating the Walgreens Boots Alliance technology teams and infrastructure since the merger of Walgreens and Alliance Boots last December," said Pessina. "We are grateful for all that Tim has done and for continuing as a consultant and a senior advisor to me as we pursue new global frontiers in IT to serve customers, patients and partners.”
Roberts brings extensive experience as an IT professional to his new role, having worked for international companies throughout his career including PepsiCo and UPS.
In addition, he has led the transformation of IT across Alliance Boots and most recently co-led the integration office in preparation for the merger of Walgreens and Alliance Boots.
ARCA reinstates founder as CEO
Minneapolis – Edward "Jack" Cameron, who served as CEO of Appliance Recycling Centers of America Inc. (ARCA) from 1976 to 2014, has been reinstated as CEO. Private investment firm Isaac Capital Group LLC (ICG), the largest single shareholder of ARCA with a 12% stake, backed Cameron’s return.
Cameron replaces Mark Eisenschenk, who had served as ARCA president since July 2013 and CEO since August 2014. ICG has also nominated new members to the company's board of directors, replacing the majority of the old board.
ARCA swung to a net loss and reported declining revenues in its just-released first quarter fiscal 2015 results.
Dollar General taps COO Todd Vasos as new chief executive
Goodlettsville, Tenn. — Dollar General Corp. on Thursday named Todd J. Vasos, COO, to the position of chief executive, effective June 3. He has also been elected to the board.
Vasos will succeed Rick Dreiling, chairman and CEO, who had previously announced his retirement plans. Dreiling will remain on the board for the remainder of his term and will serve as senior advisor and chairman of the board through January 29, 2016.
The election of Vasos to Dollar General’s board will bring the total number of directors to nine.
“Todd (Vasos) is a proven leader and the right person to guide Dollar General as it enters this next chapter in the company’s history. With Todd’s appointment as CEO and Rick’s continued service, we ensure the continuation of both the leadership and strategy that have made Dollar General a retail powerhouse,” said Mike Calbert, lead director, Dollar General, which operates 11,999 stores in 43 states.
Vasos joined Dollar General in December 2008 as executive VP, division president and chief merchandising officer. He was promoted to COO in November 2013.
Prior to joining Dollar General, Vasos served in executive positions with Longs Drug Stores Corporation for seven years. He also previously served in leadership positions at Phar-Mor Food and Drug Inc. and Eckerd Corporation.