News

Network of Executive Women names co-chairs for NEW Executive Leaders Forum 2013

BY Michael Johnsen

CHICAGO — The Network of Executive Women on Friday named Donna Giordano, president of the Ralphs division of Kroger, and Monica Turner, general manager of market strategy and planning for Procter & Gamble, co-chairs of the NEW Executive Leaders Forum 2013.

"The Network is fortunate to have the input of Donna and Monica as they draw on their life and career experiences to ensure the Forum’s status as a premier industry event," stated Trudy Bourgeois, president of The Center for Workforce Excellence. "One of the first female presidents of a grocery banner, Donna Giordano has been a true pioneer," she said. "[And] women like Monica Turner have the skills and traits necessary for the future growth of their organizations and the industry as a whole. Monica is ready and willing to lead with boldness and courage."

The seventh annual NEW Forum will be held July 23-25 at the Terranea Resort in Los Angeles. More than 250 executives in the consumer products and retail industry are expected to attend the invitation-only event for senior-level women, NEW noted. 

As president of Ralphs Grocery, Giordano is responsible for nearly 250 stores in Southern California that employ more than 25,000 associates. Giordano’s retail career began in Denver when she joined Kroger’s King Soopers chain in 1972 while earning a bachelor’s degree in marketing. Turner, a NEW Board member at-large, joined Procter & Gamble as a sales representative in 1987 after serving as a summer intern. In her current role, she leads P&G’s U.S. market strategy and planning organization in North America, a unit with more than 400 employees and an annual budget of $80 million.  


Find us on Facebook for more insight, analysis and the latest in drug store news.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

Which area of the industry do you think Amazon’s entry would shake up the most?
News

Bartell joins movement to name Wash. ferry after Seattle icon

BY Alaric DeArment

SEATTLE — Bartell Drugs is joining a grassroots effort in Seattle to name one of the two newest additions to Washington state’s ferry fleet after a famed local personality who died in 1985.

Bartell said it would help distribute petitions at its stores to support an effort to have one of Washington State Ferries’ new vessels named after Ivar Haglund. Haglund was born in 1905 to a family that had purchased land from Seattle pioneer Doc Maynard and is renowned in the city as a folk singer and promoter of regional folk music, radio personality, founder of the city’s first aquarium and of the Ivar’s seafood chain. Washington State Ferries, part of the state Department of Transportation, operates the largest ferry system in the United States and one of the largest in the world. 

"The ‘M.V. Ivar Haglund‘ plying the waters of Puget Sound would be a fitting tribute to this legacy," Bartell’s chairman and CEO George Bartell said. "Ivar brought the color and pioneering spirit of Puget Sound to our doorsteps through his music, restaurants and colorful personality." 

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

Which area of the industry do you think Amazon’s entry would shake up the most?
News

Rite Aid moves to refinance debt

BY Alaric DeArment

CAMP HILL, Pa. — Rite Aid will refinance part of its debt, the retail pharmacy chain announced.

The company said the refinancing would involve more than $2 billion worth of debt, including its $1.039 billion Tranche 2 Term Loan due 2014 with the proceeds of a new term loan, together with borrowings under an amended credit facility; and cash tender offers for its $410 million aggregate principal amount of 9.750% Senior Secured Notes due 2016, $470 million aggregate principal amount of 10.375% Senior Secured Notes due 2016, and $180.3 million aggregate principal amount of 6.875% Senior Debentures due 2013, with proceeds from new first and second lien term loans, together with borrowings under the amended revolving credit facility and available cash. The company said it hoped to lower interest expense.

Rite Aid said it had not determined the amount of the amended revolving credit facility or new term loans and that it had signed commitments for a $1.5 billion revolving credit facility, but that its results of operations and guidance would likely be affected by fees, expenses and charges related to the refinancing.


Find us on Facebook for more insight, analysis and the latest in drug store news.

keyboard_arrow_downCOMMENTS

Leave a Reply

G.ADERS says:
Sep-10-2013 08:09 am

The $2 billion in addition to the $1.039 billion Tranche 2 Term Loan is a huge amount and should not be amendable.

F.SMITH says:
Mar-12-2013 01:35 am

What a nice post to read on.Well,there's a report today that the Customer borrowing was up $16.2 billion in Jan, according to economists surveyed by Bloomberg. This followed a December where revolving and non-revolving consumer credit instances were up by $15.1 billion.

A.Valley says:
Feb-05-2013 01:31 pm

Getting my mother to refinance is like pulling teeth and it drives me crazy. Timing can make a difference like you’ve said and I certainly see cycles in my own job when I’m more willing to go the extra mile and extra cash with online loans no credit check for someone. Tapping into that is a smart tactic!

TRENDING STORIES

POLLS

Which area of the industry do you think Amazon’s entry would shake up the most?