• C-store chain The Pantry announced that Thomas W. "Tad" Dickson, former chairman/CEO of Harris Teeter Supermarkets, has been elected to be its new chairman. He succeeds Edwin J. Holman, with reports saying that Dickson's nomination was in response to charges by some shareholders that the board did not have enough retail experience.
• Reuters reports that Laurie McIlwee, Tesco's CFO, resigned from the company on Friday, though he will stay with the retailer until a successor is recruited.
The story says that McIlwee's resignation comes just days before Tesco is scheduled to report its latest quarterly results, with rampant speculation that this will include "another sharp decline in profitability."
• Reuters reports that Laurie McIlwee, Tesco's CFO, resigned from the company on Friday, though he will stay with the retailer until a successor is recruited.
The story says that McIlwee's resignation comes just days before Tesco is scheduled to report its latest quarterly results, with rampant speculation that this will include "another sharp decline in profitability."
- KC's View:
