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Clif Bar adds CEO to Kevin Cleary’s title

BY Michael Johnsen

EMERYVILLE, Calif. — Clif Bar on Wednesday promoted Kevin Cleary, president and COO, to CEO. In his new role as CEO, Cleary will focus on expanding Clif Bar’s growth in the sports nutrition and healthy snacks category while continuing to lead the company’s day-to-day business operations.

Owners Gary Erickson and Kit Crawford will continue as co-chairs of Clif Bar’s board of directors.

“Kevin’s talent for leadership and passion for a sustainable business model is evident by our tremendous business growth. To date, Kevin has expanded Clif Bar’s national and international distribution while directing the rapid expansion of the company’s portfolio of on-the-go snacks,” Erickson said. 

“With a passion for people engagement and environmental and social responsibility, Kevin has increased the use of organic and certified sustainable ingredients in our products to new levels,” Crawford added.

 

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Report: Walgreens to raise $85 million through sale of six-building office campus

BY Michael Johnsen

DEERFIELD, Ill. — Walgreens will sell its six-building office campus, where it will remain a tenant, for $85 million, according to a report published Tuesday by Chicago Real Estate Daily

According to the report, Walgreens hired Jones Lang LaSalle to sell the 38-acre campus, which it would lease back for 10 years.

Walgreen plans multimillion-dollar improvements to its offices within the first two years of the leaseback deal, the report noted. The buildings were constructed from 1976 to 1989.

 

 

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Weis Markets increases 2013 capital commitment by 8%

BY Michael Johnsen

SUNBURY, Pa. — Weis Markets on Thursday announced it would invest $135 million in its 2013 capital expenditure program, an 8% increase compared to the year prior. 

“To position our company for continued growth, we have made record investments in our store base,” Jonathan Weis, Weis Market’s vice chairman, told shareholders during the grocer’s annual meeting held here. In 2013, the company is planning 37 major projects, including four new stores, 15 major remodels and 17 remodels.

“By the end of 2013, we will have invested nearly half a billion dollars in our growth and will have completed more than 100 projects," commented David Hepfinger, Weis president and CEO. "Our capex program also includes record-level investments in our information technology infrastructure,” he said. “Improving our decision support and measurement capabilities is essential to our growth and future profitability.”

According to Hepfinger, supply chain and improving service also are key areas of focus. “Our organization has worked diligently to improve efficiencies throughout our supply chain — from distribution to the customer’s cart. We also are holding ourselves accountable to our customers in all that we do, which has resulted in better in-stock conditions, improved freshness and product rotation and better customer service.”

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