Lululemon has named former Toms president Laurent Potdevin as the company’s CEO and elected him to its board of directors. Potdevin succeeds Christine Day, who has served as the company’s CEO since 2008 and announced her intention to resign in June 2013.
Hibbett Sports has put its succession plan into motion. Effective Feb. 2, 2014, Mickey Newsome will go from executive chairman of the board and CEO to non-executive chairman. Additionally, president and CEO Jeff Rosenthal has been appointed to the board, bringing the total number of members 10.
Kroger CEO David B. Dillon, a 37-year Kroger veteran, will retire Jan. 1, 2014, and will continue to serve as chairman of the board through Dec. 31, 2014. Succeeding him will be W. Rodney McMullen, Kroger's president and COO.
Argonne Capital Group LLC, a private investment firm based in Atlanta, Ga., has entered into a definitive merger agreement with Alco Stores, which will allow Argonne to acquire all outstanding shares of the broad-line retailer’s common stock for $14 per share in cash.
Brown Shoe Company’s president and CEO Diane Sullivan will have new shoes to fill as chairman of the board, effective Feb. 2, 2014, once Ron Fromm steps down as chair. Fromm will remain a member of the board.
Zale Corporation, a specialty retailer of diamond and other jewelry products, has elected former Signet CEO Terry Burman as a director and as chairman of the board. John B. Lowe Jr., who has served as chairman for the past five years, will remain on the board.
Delia’s has appointed Tracy Gardner as the company’s new chief creative officer, and also as a member of the board of directors. Walter Killough, who back in January announced his intention to step down as CEO April 1, has agreed to remain in the role through August 2.
The board of directors of Stanley Black & Decker has announced that CEO John Lundgren has been elected to serve in the additional capacity as chairman of the board, effective March 13, following the expiration of Nolan Archibald’s term as executive chairman of the board.