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Ex-Kraft, P&G exec joins sporting goods retailer

BY DSN STAFF

PITTSBURGH — Dick’s Sporting Goods named veteran consumer packaged goods finance executive Teri List-Stoll executive vice president and CFO to oversee the retailer’s finance and legal organizations.
 
List-Stoll will join the company in August 2015 after a 30-year career in the CPG world. She most recently served as CFO of Kraft Foods Group from Sept. 2013 to May 2015. Prior to her CFO role at Kraft, List spent nearly 20 years at Procter & Gamble last serving as senior vice president and treasurer. Before joining P&G, she was with Deloitte & Touche for more than nine years. She currently serves on the board of directors for Microsoft Corporation and Danaher Corporation.
 
"We are pleased to welcome Teri to Dick’s Sporting Goods and look forward to benefitting from her extensive financial experience, leadership and strategic acumen as we execute our growth pillars," said Dick’s chairman and CEO Ed Stack. “Teri will be an excellent addition to our senior management team."
 
With the addition of List-Stoll, Andre Hawaux will relinquish his CFO responsibilities. Hawaux currently serves as the company’s executive vice president, COO and CFO. Hawaux will continue to serve as the company’s COO with responsibility for store operations, real estate, information technology and human resources.
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Hy-Vee launches new health and wellness site for children, teens

BY Antoinette Alexander

WEST DES MOINES, Iowa — In an effort to help kids and families make health, exercise and nutrition priorities in their lives, Hy-Vee has launched the new KidsFit website.

The interactive health and wellness site for children, teens and families offers a free, online personal trainer. The workouts and activities featured on KidsFit require no equipment or gym memberships, making it accessible to children and teens of all skill levels. The site also features workout videos, nutrition blogs written by Hy-Vee dietitians and health lessons.

“At Hy-Vee, we want to make it easier for kids and families to make healthier choices. With its easy, fun format, Hy-Vee KidsFit inspires families to establish good fitness and nutritional habits in their daily lives,” Andy McCann, EVP and chief health officer at Hy-Vee, said.

“We know that not every child has the access or interest to play organized sports. We hope a broad range of kids can use the free KidsFit tools to stay active and healthy. Even children who participate in sports can benefit from having equipment-free workouts and tutorials on their computers or phones,” McCann added.

Certified personal trainer Daira Driftmier, who also serves as the online fitness coach on KidsFit, developed the program.

As part of KidsFit, children aged 7 to 17 and their families can sign up for the 5-Week Challenge, which provides kids with a structure to take control of their personal health and fitness. Participants will earn virtual trophies and badges to help monitor their progress during the 5-Week Challenge, and they will be encouraged to stick to their goals through Driftmier’s videos.

Hy-Vee KidsFit was recently introduced at the Exercising Your Character event in Des Moines, Iowa, which teaches fourth- and fifth-grade students about physical fitness, goal setting and character development. To celebrate the announcement, more than 7,300 children from 82 Iowa schools attempted to break the Guinness World Record for most individuals performing jumping jacks simultaneously.

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Greg Penner succeeds Rob Walton as Wal-Mart Stores chairman

BY Michael Johnsen

FAYETTEVILLE, Ark. — Wal-Mart Stores on Friday announced the election of Greg Penner, who previously served as the board’s vice chairman, to the position of board chairman, effective at the end of today’s shareholders meeting. Penner takes over from Rob Walton, 70, who served as chairman of the board since 1992 and will continue to serve as a director.
 
“This transition demonstrates Walmart’s commitment to long-term succession planning and keeping high-caliber, capable leaders at the head of our company,” said Walton. “Greg’s service to Walmart spans more than 15 years, and during that time he has had a significant impact, both as an associate and as a board member the past seven years. Greg has done an outstanding job as our vice chairman over the past year, and he has provided strong leadership and guidance as the chairman of our technology and e-commerce committee since it was formed in 2011. He brings an ideal blend of finance, technology and international business expertise — as well as a deep knowledge and love of Walmart — to this role.”
 
“It would be impossible to overstate Rob Walton’s impact on Walmart and how personally committed he has been over the years,” Penner said. “I’m deeply honored to follow in his footsteps and recognize the deep responsibility I have to our associates, all shareholders and the Board. I’ve admired this company since my first Saturday morning meeting more than two decades ago. I believe in its mission and the positive role it plays throughout the world. I am excited about continuing to work with our outstanding senior management team and talented Walmart associates at all levels of the company.”
 
Penner, 45, began his career at Goldman Sachs as an analyst specializing in corporate finance. He then joined Walmart as a management trainee and held a number of positions throughout the company, including SVP finance and strategy for Walmart.com and SVP and CFO, Japan. Since 2005, he has been a general partner of investment management firm Madrone Capital Partners. Penner joined the Walmart board of directors in 2008. He has served as chair of the technology and e-commerce committee and held positions on the Global Compensation and Strategic Planning and Finance Committees. He is the son-in-law of Rob Walton.
 
In addition to the board’s leadership changes, the company is also realigning the composition of its board committees so that most of the independent directors will serve on at least two board committees. This includes the company’s governance committees (the Audit Committee and the Compensation, Nominating and Governance Committee) and strategy committees (the Strategic Planning and Finance Committee and the Technology and eCommerce Committee). 
 
“These changes reinforce our commitment to exclusively independent directors on our governance committees, and increases the number of independent members on our strategy committees, which have a majority of independent directors,” said James Cash, Jr., lead independent director, board of directors. “This adjustment is consistent with Walmart’s approach to continuous improvement of our Board practices and sound corporate governance.”
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