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CVS acquires four Snyders Western Drug locations in Montana

BY Antoinette Alexander

WOONSOCKET, R.I. CVS has expanded its presence in Montana with the acquisition of four Snyders Western Drug Store locations, both companies confirmed on Monday. Terms of the deal were not disclosed.

The four stores—three in Billings and one in Laurel—will be remodeled and rebranded as CVS stores in early April. The acquisition brings CVS’ store count to 12 in the state. The Snyders Western Drug Store in Helena is not part of the deal and will continue to be operated by Snyders.

“We are pleased to expand our presence in the Billings market and are committed to offering the community all of the convenient pharmacy services that our customers trust and depend on us to provide,” stated Howard Shansky, area vice president-Montana for CVS. “Snyders Western Drug Store employees do a great job of taking care of their customers and we look forward to helping them continue to do that as part of CVS/pharmacy.”

Based in Minnetonka, Minn., Snyders Drug Stores is a regional chain operating nearly 100 corporate and independently owned pharmacies and drug stores in the upper Midwest.

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Sturken to celebrate his fifth year at Spartan by ringing NASDAQ bell

BY Michael Johnsen

GRAND RAPIDS, Mich. Spartan Stores’ chairman and chief executive officer Craig Sturken is slated to ring the NASDAQ opening bell on March 3 in celebration of his fifth anniversary leading Spartan, the company announced Thursday.

 “It is an honor to ring the opening NASDAQ bell in celebration of our fifth successful year since transforming into a consumer-centric organization and refocusing our business on our core distribution and retail operations,” Sturken stated. “We have been in the grocery business for more than 90 years and this is our eighth year as a public company, which is marked by our ability to develop and execute successful business strategies in a highly competitive market.”

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Unilever to reorganize company structure

BY Antoinette Alexander

LONDON Unilever, whose brands include Axe, Sunsilk and Dove, has announced that it is restructuring the company and combining its home and personal care segment and food segment into a single category structure.

Ralph Kugler, president of home and personal care, will step down in May at the Annual General Meetings after 29 years of service. The roles of president of home and personal care and president of foods will be merged under the leadership of Vindi Banga, currently president of foods.

To reflect the company’s focus on growth in developing markets, Central and Eastern Europe will be managed within an enlarged region comprised of Asia, Africa and Central and Eastern Europe. Western Europe will become a standalone region.

In other moves, Kees van der Graaf will retire in May from the Unilever board and from his role as president of Europe after a 32-year career with Unilever.

Harish Manwani, currently president of Asia/Africa, will lead the new expanded region. Doug Baillie will serve as president of Western Europe, having previously served as chief executive officer of Hindustan Unilever.

“These measures build naturally on the changes of recent years and give us an organizational structure even better placed to advance our growth agenda. At the same time, I want to express my deep appreciation to Kees and Ralph for the significant contribution they have made over long and distinguished years,” stated Patrick Cescau, group chief executive.

In addition, James Lawrence, currently chief financial officer, will be proposed in May for election as an executive director of Unilever. This change will mean that the Unilever board will be comprised of two executive directors and 11 non-executives.

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