Toys "R" Us recently announced that it would be closing more than 180 stores. The closures, which start next month and should be complete by April, are part of a bankruptcy plan for the failing retailer. The company has than $5 billion in debt. Read the full article here.
Effective April 1, Kevin Jacobsen will succeed Robb and has been appointed senior vice president – chief financial officer and a member of the company's executive management committee, reporting to CEO Dorer. Jacobsen, who joined Clorox in 1995, has served as Clorox's vice president – Financial Planning & Analysis since November 2011. During his tenure at Clorox, he has held senior leadership roles in Finance across the company. In all of these assignments, Jacobsen has focused on developing and implementing business strategies that drive increased shareholder value. As CFO, Jacobsen will oversee all aspects of Clorox's financial activities.
SunTrust Banks, Inc. (NYSE: STI) announced that Anil Cheriyan will retire as chief information officer effective March 31, 2018, following a 36-year career in management consulting and information technology.
Nationwide Chief Information Officer Michael Keller has announced that he will retire from his role later this year. Keller has been the CIO for Nationwide since 2001, transforming the company's IT organization with an insightful leadership style focusing on culture and teamwork.
Wal-Mart Stores Inc. (NYSE: WMT) announced today that Judith McKenna will be promoted to President and Chief Executive Officer (CEO) of Walmart International, the company’s second-largest operating segment. She will be succeeding David Cheesewright, who has been in role since 2014 and recently shared his desire to retire from a full-time role.
Ryder System, Inc. (NYSE: R), a leader in commercial fleet management, dedicated transportation, and supply chain solutions, today announced the appointment of Rajeev Ravindran to the position of Chief Information Officer. Mr. Ravindran is a member of Ryder’s Leadership Team and is responsible for all aspects of Ryder’s IT organization, including the technology, vision, strategy, and execution of Ryder’s key IT platforms and systems.
AT&T Inc. is ready to deliver Smarts Cities technology that can remotely monitor structural and environmental factors affecting the safety of roadways and infrastructure that are aging or in disrepair.
“Safety is a top concern of citizens and cities alike,” said Mike Zeto, general manager of AT&T Smart Cities, in a statement. “This concern extends beyond the realm of crime and natural disasters. It also includes the safety of infrastructure.”
