Schnucks shifts CFO to COO, announces retirement of two executives
ST. LOUIS Schnucks Markets has appointed a new executive, and two other executives have retired, the company announced.
Schnucks announced in July the appointment of Todd Schnuck as COO. Formerly the chief financial officer, Schnuck became president in 2006 when Craig Schnuck stepped down. As COO, Schnuck will be responsible for overseeing store operations, merchandising, marketing, logistics, pharmacy operations and other areas.
At the same time, SVP store operations Bill Bredenkoetter and SVP marketing and merchandising Randy Wedel will retire on Sept. 28, the end of the grocery chain’s fiscal year. Bredenkoetter has worked for Schnucks for 38 years and has been head of store operations for 22, while Wedel has worked for the company for 22 years, including 19 in his current position.
Craig C. Phillips elected VP, general manager of the oncology business unit at Cephalon
FRAZER, Pa. Cephalon announced Craig C. Phillips was elected VP and general manager of the oncology business unit.
Phillips will be responsible for managing all aspects of the U.S. oncology business including sales, marketing and medical affairs.
“Since joining Cephalon two years ago, Craig has clearly demonstrated an ability to exceed expectations and bring value to our organization through his leadership,” said Robert Roche, EVP of worldwide pharmaceutical operations. “I am confident that Craig’s leadership and vision will support the dynamic growth of the Cephalon oncology business and allow us to continue to bring medicines that matter to the healthcare professionals and patients battling cancer.”
Spartan fights economy with jump in net sales
GRAND RAPIDS, Mich. Supermarket operator Spartan Stores had a $9.3 million jump in consolidated net sales during first quarter of its fiscal year 2010, the company announced in an earnings release this week.
That and a 9.4% increase in EBITDA stemmed mostly from Spartan’s acquisition of VG’s Food and Pharmacy stores, the company said. First-quarter operating earnings increased moderately, to $15.1 million compared with first quarter fiscal year 2009.
“We are pleased to report steady operating profits despite the prolonged economic challenges and the incremental costs associated with this year’s business and operational initiatives,” Spartan president and CEO Dennis Eidson said in a statement. “As anticipated, comparable store sales at our retail supermarkets declined during the quarter due to economic uncertainty, which is causing changes in consumer purchase behavior, such as a shift to lower-priced private label products, and price deflation in certain high-volume product categories.”