The world’s largest company held its annual shareholders meeting Friday morning and the most noteworthy development at the event — aside from a $15 billion share repurchase authorization — was a surprise appearance and glowing comments by Hollywood heavyweight Tom Cruise.
CHS Inc., an energy grains and foods company and the nation's leading farmer-owned cooperative, has promoted Roger Baker to VP and GM of CHS Europe. The company also announced that SVP and CEO of CHS Europe Claudio Scarrozza plans to retire.
Procter & Gamble has grouped its global business units into four industry-based sectors and placed Martin Riant, Deborah A. Henretta, David S. Taylor and Giovanni Ciserani as global heads of each to support the company’s current growth strategies.
On the heels of reporting net revenues of $123 million for the first quarter ended May 4 — an increase of 5% from $117.2 million in the first quarter of the year prior — a Vera Bradley has announced that CEO Michael C. Ray plans to retire from the company.
CST Brands, the parent company of Corner Store and Dépanneur du Coin, have appointed Denise Incandela, EVP and CMO at Saks Fifth Avenue, to its board. She becomes the tenth member of a board chaired by CST president and CEO Kim Bowers.