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Weis Markets’ 2011 sales up 5% despite slow recovery

BY Michael Johnsen

SUNBURY, Pa. — Weis Markets on Monday reported an increase in 2011 sales of 5% to $2.8 billion.

Weis said its comparable sales for the calendar year also were up, increasing 4.2% for 2011, compared with the year-ago period.

"Our organization generated strong results for the year in a market clearly impacted by the slow recovery and continuing high unemployment," Weis Markets president and CEO David Hepfinger said. "We continue to benefit from our record level cap ex investments in our store base, improved efficiencies and operating discipline in the overall management of our stores, strong increases in our sales per customer and more comprehensive sales building programs during key holiday periods, particularly in the fourth quarter."

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AmerisourceBergen EVP, CFO steps down

BY Michael Johnsen

VALLEY FORGE, Pa. — AmerisourceBergen on Monday announced that Michael DiCandilo, the company’s EVP and CFO, has left the company to pursue other interests, effective immediately.

"Mike departs the company with an impeccable record of service over his 21 years, including the past 10 as our chief financial officer," AmerisourceBergen president and CEO Steven Collis said. "His tremendous contributions to the success of AmerisourceBergen through his fiscal leadership and business stewardship are greatly appreciated, and we wish him all the best in his future endeavors."

Also effective immediately, Tim Guttman, ABC’s VP and corporate controller since 2002, will serve as acting CFO and will assume responsibility for ABC’s core financial functions on an interim basis. Guttman was previously VP finance of Syncor International, and held financial planning and financial services managerial positions at Disney Consumer Products, Pizza Hut and PepsiCo.

Guttman started his career as a certified public accountant with accounting firm Deloitte & Touche.

AmerisourceBergen has engaged an executive search firm to manage the recruitment of a new CFO.


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Whole Foods appoints David Lannon, Ken Meyer as new VPs operations

BY Allison Cerra

AUSTIN, Texas — Whole Foods has promoted two of its regional presidents to new roles.

David Lannon and Ken Meyer, who respectively served as regional president for the Northern California since 2007 and regional president of Mid-Atlantic region since 2005, now are part of the supermarket retailer’s executive team — which now includes seven members — and will have 12 regional presidents report to them. Lannon and Meyer will begin transitioning into their new roles over the next month, with Lannon residing in Northern California and Meyer in the Washington, D.C., area. Both will frequent the company’s headquarters in Austin, Texas.

"Ken and David are top flight, proven leaders who bring fresh operating experience at a time when we are stepping up our growth," Whole Foods co-CEO Walter Robb said. "They are young but seasoned, bringing their valuable perspective to the table immediately while contributing well into the future."

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