Supervalu announces retirement of two executives, change in leadership structure
MINNEAPOLIS Supervalu has announced the retirement of two key executives.
Mike Jackson, president and COO, and Kevin Tripp, EVP and president of the company’s Retail Midwest region, have resigned. Their last day at Supervalu will be Aug. 14, 2009.
Following the departure of these executives, the company will realign its leadership structure to become more customer-focused. Craig Herkert, who joined Supervalu in May as CEO, will assume the additional role of president. The company’s three retail regions will be combined under Pete Van Helden, who will become EVP retail operations. Van Helden currently serves as EVP Retail West. The company’s Save-A-Lot banner will report to Herkert and Bristol Farms will continue to report to Pamela Knous, EVP and CFO.
The company also will create a new health-and-wellness division to facilitate stronger alignment between Supervalu’s pharmacy operations and its health and beauty offering, creating a total health-and-wellness experience for customers. This new division will be led by Duncan Mac Naughton, EVP merchandising and marketing.
Jackson and Tripp have both been with the company for more than 30 years (Jackson with Supervalu, and Tripp with the former Albertson’s, Inc.) and have held leadership roles in multiple functional areas. “Mike and Kevin have made significant contributions to Supervalu’s growth over the past several years, and have been instrumental in laying the groundwork for our company’s ongoing success,” said Herkert. “We wish them well as they move into a new stage of their lives.”
The company’s new leadership structure will further streamline the critical partnership between its retail operations, pharmacy operations and merchandising and marketing groups so that it can even more effectively anticipate and respond to the changing needs of its customers. “This is another critical step in the implementation of our centrally led merchandising model, designed to fully leverage Supervalu’s scale while preserving our local relevance. Pete and Duncan will work closely together to ensure a smooth and effective transition,” concluded Herkert.
Duane Reade to provide HP photo publishing solutions throughout its stores
NEW YORK Duane Reade has inked a new agreement with HP to expand a 2008 pilot program in select stores and install HP Photo Center solutions in more than 200 locations in the greater New York City area.
“Our brand is all about New York living made easy,” stated Joe Magnacca, chief merchandising offer for Duane Reade. “Making this level of quality digital photofinishing convenient through HP kiosks and full-service counters across 200 of our stores is one more way we can be relevant and helpful to our customers on a daily basis. We’re very happy when we can partner with the best to make life easier for New Yorkers.”
The HP Photo Center solutions will enable customers to order photos and create a variety of photo products, such as photo books, calendars, greeting cards and posters. The pilot stores achieved up to 50% year-over-year improvement versus the chain-wide average in the in-store photo category, the company stated.
Under the new agreement, Duane Reade will install a customized mix of HP Retail Publishing Solutions across its stores. In the middle- to high-volume stores, the HP Photo Center provides front- and back-of-counter operations to allow customers to order instant 4-in. x 6-in. and 5-in. x 7-in. prints, 8-in. x 10-in. enlargements and such products as photo books, calendars, greeting cards, posters and 100-year archive DVDs.
In non-photo lab stores, customers will be able to use the HP Photosmart Express instant-print kiosk — a standalone, self-serve solution designed to produce 4-in. x 6-in. prints and photo CDs.
Kicking the habit with Nicorette
NEW YORK First, it’s the first truly “new” product to enter the smoking cessation space in quite some time, featuring a strong point-of-differentiation (convenience packaging; faster efficacy), versus products already in this space.
Second, smoking cessation is about to explode, especially as President Barack Obama last month signed into law the Family Smoking Prevention and Tobacco Control Act of 2009, which cedes regulation of tobacco products to the Food and Drug Administration. The law may not ban cigarettes today, or even tomorrow, but it just placed a product long considered a public-health hazard into the regulatory hands of an agency charged with “protecting the public health by assuring the safety, efficacy and security of [medicines], medical devices, our nation’s food supply, cosmetics and products that emit radiation.”
The Congressional Budget Office predicts the new law will decrease adult smoking by 2%, independent of reductions in use that result from higher excise taxes and public smoking restrictions.
More than half of the close-to 50 million smokers attempt to quit each year — 70% of successful ex-smokers made one or two attempts; 22% made between three and five attempts; and 9% quit six or more times before succeeding.
And finally, earlier this month two prescription-only smoking-cessation drugs will now carry a black-boxed warning around the risk of mental health problems in patients taking the drugs.
New product with new features plus increased smoking cessation regulation plus black-boxed warnings for the more popular prescription smoking-cessation medicines all equals a potential new homerun in the smoking cessation category.