Ahold completes sale of ICA stake
AMSTERDAM — Dutch supermarket operator Royal Ahold has completed the sale of its majority stake in a Scandinavian supermarket chain, the company said Wednesday.
Ahold announced that it had completed the sale of its 60% stake in ICA to Swedish firm Hakon Invest for $3.3 billion. The deal was announced Feb. 11.
Based in Sweden, ICA operates the ICA and Rimi chains in Scandinavia and the Baltics.
Walgreens, Duane Reade support New York-area American Diabetes Association Alert Day
NEW YORK — The American Diabetes Association, partnering with Walgreens and Duane Reade, on Tuesday kicked off its 25th Annual American Diabetes Association Alert Day, a one-day "wake-up call" asking the American public to take the Diabetes Risk Test to find out if they are at risk for developing Type 2 diabetes.
On Alert Day, Walgreens will challenge its New York stores to out-fundraise last year’s fundraiser in support of the American Diabetes Association Greater New York area. As part of the challenge, approximately 500 locations will see who can raise the most money through pin-up sales over a four-week period in the fall.
In addition, Walgreens has pledged its support of the "New York Area Step Out: Walk to Stop Diabetes" events through a grassroots activation of local community leaders. Walgreens will also display Alert Day information on the digital billboards at its Times Square store.
Duane Reade has a long history with the American Diabetes Association in New York having participated in pin-up campaigns over the last few years with the highest total achieved being over $200,000. Duane Reade has also been integral in the movement to Stop Diabetes through involvement in a wide variety of programmatic outreach including the Feria de Salud health festival in the South Bronx.
The contest was announced by Skip Bourdo , Walgreens’ market VP for New York and Connecticut, and Greg Calvano, senior director of store operations for Duane Reade, at the Walgreens store in Times Square.
Kroger announces retirement of VP and pension investment officer
CINCINNATI — Kroger on Tuesday announced the planned retirement of VP and pension investment officer, Rich Manka, effective July 15.
"Throughout his career, Rich has been a trusted member of Kroger’s leadership team," stated Mike Schlotman, Kroger’s CFO. "Pension plan trustees and participants alike have benefited from his vast knowledge and influence on investment strategies and plan designs. We thank Rich for his contributions to our company and industry and wish him the very best."
Manka began his career with Dillon Companies in 1982 as an investment manager for retirement plans. He was promoted to his current position in 2004. He has served on Kroger’s Retirement Management Committee and is chair of the company’s Pension Investment Committee. In addition to serving as an adviser and trustee on various Taft-Hartley Pension Funds, Manka was appointed by President George Bush to serve on the advisory committee of the Pension Benefit Guaranty Corporation.
Kroger has not yet named Manka’s successor.