GNC names Nuzzo as CFO
PITTSBURGH General Nutrition Centers on Wednesday named Michael Nuzzo executive vice president and chief financial officer.
He will report directly to GNC chief executive officer Joe Fortunato.
Nuzzo comes to GNC from Abercrombie & Fitch, where his last position was senior vice president, finance.
“[Nuzzo’s] experience in both stores and corporate finance areas with Abercrombie & Fitch will allow him to create strong partnerships within the GNC organization which will help us move more quickly toward the successful achievement of our key strategic initiatives,” Fortunato stated.
Michael Madnick appointed to new position at Fox
LOS ANGELES 20th Century Fox Licensing Merchandising announced Tuesday that it had appointed Michael Madnick to the newly created position of executive director of creative production.
Madnick’s job will be to manage Fox’s growing workload of creative projects, television commercials, content-heavy product development and special events, said Elie Dekel, executive vice president for licensing and merchandising for Fox L.
“As we continue to build synergies between our internal creative teams and those of our partners, it’s essential to have someone who can bridge that gap and represent our brands in the best creative sense,” Dekel said. “Michael is just the person to do this.”
Madnick, a graduate of California State University in Northridge, worked in several producer roles for shows in E!, NBC, TLC, Bravo, Comedy Central and the USA Network on shows such as “Fear Factor,” “The Man Show,” “Property Ladder” and “YO on E!.” For Fox, he has worked as vice president of special projects and live events for Fox Family Worldwide, where he worked on all special television products for Fox Family and Fox Kids.
Discount Drug Mart’s lighting retrofit to save $14.2 million
CLEVELAND More than half of the 67 stores operated Discount Drug Mart have completed lighting retrofits that the retailer expects will deliver a combined energy and maintenance cost savings equal to the margin earned on $14.2 million in sales over the life of the new lamps, GE Consumer & Industrial announced Tuesday.
The prescription for better, more efficient lighting involved a shift from 8-foot T12 linear fluorescent lamps and electromagnetic ballasts to energy-saving 32-watt 4-foot T8 linear fluorescent lamps and GE ProLine high-performance electronic ballasts.
The installation involved overhead lighting in sales, office and storage areas—an average of 320 fixtures in each 25,000 square-foot store.
“We initiated this project with a primary focus on improving operational efficiency,” stated John Wright, Discount Drug’s co-chief operating officer. “We have completed it with the additional satisfaction of having improved the quality of light in our stores. That means we’ve improved the customer experience, and perhaps set ourselves apart from competitors.”
The stores’ new GE lighting system delivers about 30 percent in energy savings compared with the previous system—over $560,000 per year across the 37 retrofitted stores, for the life of the lamps, GE reported.