Target’s annual meeting was pretty much a non-event on June 10, aside from the fact that a corporate structure in which Brian Cornell serves as both chairman and CEO doesn’t sit well with many shareholders.
Destination Maternity Corporation’s Ed Krell is stepping down as the company's CEO and as a member of its board of directors. Anthony M. Romano has been tapped as new executive chief and will be appointed to the board, effective immediately.
All 10 members of Target’s board of directors were re-elected at the retailer’s annual meeting on June 11, but there was strong opposition to several members and a proposal requiring an independent chairman nearly passed.
Guess? has appointed Joseph Gromek to its board, increasing the number of directors to seven and bringing the total number of independent directors to five. Gromek will also serve on the compensation and nominating and governance committees of the board.
Restoration Hardware has appointed Katie Mitic to its board of directors. Mitic, who will also serve on the board’s audit committee, has nearly 20 years of strategic product, marketing and business development experience.
The entire Walmart board was re-elected last Friday at the company’s shareholders meeting, but a substantial number of negative votes indicate some investors are not happy with long-time board members and key senior leaders.
The Jones Group Inc. has nominated chairman and CEO of Barington Capital Group James A. Mitarotonda to stand for election to the board of directors at the company's 2013 annual meeting of stockholders.
February 2013 promises to be an interesting month at Best Buy following the retailer’s decision to extend the timeframe for company founder and former chairman Richard Schulze to submit a potential buyout offer.