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Publix names prominent Ernst & Young retiree to board

BY Michael Johnsen

LAKELAND, Fla. – During its annual stockholders’ meeting Tuesday, Tom Hough was elected to Publix Super Markets’ board of directors, the company announced.
 
“We are pleased to have Tom join the Publix board,” said Publix chairman Charlie Jenkins Jr. “His impressive accounting background and career spent at Ernst & Young will make him a strong addition to our board.”
 
Hough’s career at Ernst & Young spanned 36 years prior to his retirement in 2014. He joined Ernst & Young in 1978 as a staff member and became partner in 1987. Hough led various teams across the firm including serving as vice chair and Southeast Area managing partner from 2000-2009 based in Atlanta and vice chair of assurance from 2009-2014. During his time in Atlanta, he served as a Trustee of the Woodruff Arts Center, member of the Executive Committee of the Atlanta Metro Chamber of Commerce and held various roles in United Way campaigns for Atlanta. He continues to be a member of the Rotary Club of Atlanta.
 
After 12 years of dedicated service, Sherrill Hudson was honored at the stockholders’ meeting and presented with a resolution to recognize his many contributions to the company.
 
“We are thankful for Sherrill’s dedicated service to our Board,” said Jenkins Jr. “His strong financial background and business experience contributed substantially to our growth and success. Sherrill’s leadership and legacy of service will always be remembered.”
 
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Weis Markets promotes two category managers

BY Michael Johnsen

SUNBURY, Pa. – Weis Markets on Monday named Michelle Dorin (pictured left) director of dairy, frozen, specialty foods and beer and that it has promoted Maria Panko to director of marketing and private brands.
 
Prior to the move, Dorin was the company’s director of pricing. In her new role, she oversees all aspects of the company’s category management and sales building programs for dairy, frozen, beer, specialty food, including organic, gluten free and natural. Dorin joined the company in 1987. She subsequently worked as a buyer, category manager and oversaw specialty foods earlier in her career.
 
She reports to Kevin Broe, VP center store sales and merchandising.
 
Panko, who worked as senior private brands manager prior to her promotion, will oversee the company’s marketing programs, including loyalty marketing, digital marketing and social media. She will also retain her private brand responsibilities.
Prior to her promotion, she also oversaw specialty foods and beer. Panko joined the company in 2006 as a marketing analyst. She subsequently worked for Daymon Worldwide and later rejoined the company as a category manager.
 
She reports to Brian Holt, VP marketing.
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‘Tremendous change afoot’ for Walgreens Boots Alliance, board member says

BY Michael Johnsen

 

 
 
NEW YORK — The buzz around what Walgreens Boots Alliance may or may not acquire in the coming days will come to a head tomorrow, many believe, as the company hosts its first analyst day as a merged entity. 
 
On Monday, Barry Rosenstein, managing partner of JANA Partners and Walgreens Boots Alliance board member, hinted that Walgreens Boots Alliance may be pulling the trigger on an acquisition in the U.S. sooner than later in an exclusive interview with CNBC. "The Walgreens situation is terrific," he told CNBC. "There's tremendous change afoot. There's opportunities on the cost side; there's opportunities on the capital allocation side; and there's strategic opportunities. I think you're going to see this company continue to do some pretty exciting things."
 
"WBA's willingness to pursue horizontal and/or vertical M&A represents an encouraging signal in our view, as it's clear new management recognizes the challenges of its current market position and plans to more aggressively improve its strategic outlook," stated Ed Kelly, Credit Suisse research analyst, in a note published Monday. "A horizontal drug retail deal – the first option highlighted by management – clearly makes sense. That being said, the evolving healthcare landscape opens the door to other attractive options," he suggested. "We believe a large vertical PBM transaction with Express Scripts or a JV with a captive PBM like UNH's Optum could also create value and address issues with the stand-alone drugstore model."
 
Walgreens Boots Alliance will host its 2015 Analyst Day in New York City at the Ritz Carlton Hotel Battery Park on Wednesday and Thursday, beginning at 8 a.m. Eastern time both days. The first day will include an overview of the company’s operations and strategy from senior leadership of Walgreens Boots Alliance. The second day will consist of a half-day session to review financial performance and provide management’s perspective regarding key financial variables.
 
Follow @DSN_MikeJohnsen on April 15 using hashtag #WBAfuture for up-to-the-minute live tweets of the all-day event. 

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