Publix names new executive director of its charity foundation
LAKELAND, Fla. — Publix announced on Tuesday that it promoted Kelly Williams-Puccio to executive director of the Publix Super Markets Charities. In her new position, Williams-Puccio will be responsible for the strategic direction of the charity foundation.
“Giving back to our communities is an important part of our culture,” Publix vice chairman Barney Barnett said. “It’s a core value Mr. George [Jenkins, Publix founder], instilled in us 82 years ago. I am pleased we have leaders like Kelly who are prepared to take on new roles and continue the legacy of giving.”
Williams-Puccio began her Publix career in 1979 as a cashier in Boca Raton, Fla. In 1989, she became manager of personnel records for Publix’s Miami Division, and in 1995 she was promoted to human resources investigations manager. She has been the director of associate relations since 2000.
Kelly and her husband, John, also a Publix associate and manager of welfare benefit plans, live in Lakeland, Fla., and have four daughters. Kelly is board chair for Polk County Junior Achievement and very active with the Girl Scouts, leading four troops and acting as community liaison for South Lakeland.
Rite Aid issues $481 million in senior notes to refinance debt
CAMP HILL, Pa. — Rite Aid is offering $481 million in eight-year senior notes to refinance debt that is scheduled to be due in three years, the retail pharmacy chain said Tuesday.
Rite Aid said it would use money from the offering to pay interest and other expenses related to a tender offer announced Tuesday for all outstanding 8.625% senior notes due 2015. The price includes the $459 million principal plus a 2.625% premium. The new notes are being offered at a 9.25% interest rate.
Guggenheim Partners analyst John Heinbockel noted that this was the first time Rite Aid had been able to tap the unsecured debt market in five years, calling it a "positive" that would reduce refinancing risk.
Shares of Rite Aid were up 9 cents and trading at $1.55 on the New York Stock Exchange following the news Tuesday morning.
Zak introduces ChillPak containers
SPOKANE, Wash. — Zak Designs has introduced a new line of food and snack containers.
Zak said its ChillPak containers are designed to keep items cool and fresh. Available in a 26-oz. square container, which is sized for sandwiches or other larger meal items, and a 13.oz. snack container, each of the ChillPak containers include one of Zak’s patented ColdHold freezer packs.
Zak ChillPak containers also are available in an assortment of licenses, including Disney Princess, Cars, Spider-Man Classic, Hello Kitty, Minnie Mouse and Disney Fairies.