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Walgreens’ CFO named to Acadia board

BY Michael Johnsen

FRANKLIN, Tenn. — Acadia Healthcare on Wednesday announced that it has named Walgreens veteran Wade Miquelon to its board of directors.

"Wade Miquelon brings tremendous expertise in a range of disciplines to Acadia, as well as valuable perspectives from his work with both large established companies and young growth companies," stated Joey Jacobs, Acadia chairman and CEO. "We welcome Wade to the board, confident of his ability to contribute to the company’s long-term growth in earnings and shareholder value."

Since July 2009, Miquelon has been EVP and CFO for Walgreens. He joined Walgreens in June 2008 as SVP and CFO.

Prior to Walgreens, Miquelon was EVP and CFO at Tyson Foods and held a number of positions with Procter & Gamble.

 

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Report: Marsh to anchor development project

BY Allison Cerra

INDIANAPOLIS — A 40,000-sq.-ft. Marsh Supermarkets store will open in Indianapolis as part of a new $85 million development project, according to published reports.

The store, which is slated to open next summer on the corner of Michigan Avenue and Center Street, is said to feature such amenities as an extensive deli, bakery, prepared meals and a wide selection of beer and wine.

The announcement was made by Indianapolis mayor Greg Ballard, Marsh president and CEO Joe Kelley, and Jerry Collins, president of Flaherty and Collins Properties, the site’s developer.

Click here for the full report.

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NRF welcomes President Obama’s emphasis on job creation

BY Allison Cerra

WASHINGTON — After President Barack Obama delivered his State of the Union address on Tuesday night, the National Retail Federation issued a response regarding his remarks on job creation.

NRF said it welcomed the President’s emphasis on job creation, saying that it will help restore the nation’s economic state.

"Job creation is our nation’s No. 1 priority, and as the industry that supports one out of every four U.S. jobs, retailers stand ready to do their part in putting Americans back to work," NRF president and CEO Matthew Shay said. "Retailers are helping to rebuild the economy, but Washington must get moving to encourage job growth and remove barriers to job creation."

Although NRF supported the idea of job creation, the association did, however, express caution at the President’s emphasis on manufacturing.

"We welcome the President’s commitment to create jobs in manufacturing, an industry that’s critical to a healthy supply chain," Shay said. "But retail and other service industries support far more jobs than manufacturing, and we need economic policy that supports all industries and doesn’t favor one sector of the economy over another. We hope ‘Made in America’ isn’t code for protectionist trade policies that only drive up prices for American consumers while doing little to create U.S. jobs."

NRF earlier this month sent an open letter to Obama urging him to call for action on a number of initiatives — sales tax fairness legislation, corporate tax reform, and free and open trade initiatives — that support a strong retail sector as part of the State of the Union address.

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