Report: Costco management changes hint of future succession plan
ISSAQUAH, Wash. Following the promotion of its EVP merchandising to the roles of president and COO, rumors are circulating that wholesaler Costco may be making a succession plan fpr its CEO position.
Craig Jelinek, a 6-year veteran of Costco, was promoted Monday. Analysts are inquiring whether or not Jelinek’s appointment to president and COO are a way to dispel investors’ concerns over the future of the wholesaler, according to published reports.
Although Costco spokesman Richard Galanti told the Wall Street Journal that the “the [executive] changes are part of a long process” and that the move may indicate of more changes to come, he said CEO Sinegal won’t be retiring for several more years.
Costco currently operates 566 warehouses, including 413 in the United States and Puerto Rico and reported $16.92 billion in net sales for first quarter of fiscal 2010, an increase of 6% from the year-ago period.
Weis Markets creates regional VP position
SUNBURY, Pa. Weis on Monday announced three new regional VPs — a new position at the company — responsible for overseeing its 164 stores, according to published reports.
The new VPs are Jerry Hatch, Brad Kochenour and Mike Mignola.
Hatch was a regional director overseeing stores in the Northeast and central Pennsylvania. He will cover a similar territory as regional VP.
Kochenour, who also served as a regional director, will oversee a region extending from Altoona, Pa., to Newton, N.J.
And Mignola will oversee stores in Maryland and West Virginia, as well as stores in Lancaster, Pa. and York, Pa. Mignola most recently was a general manager for Weis stores in Maryland and West Virginia.
NCR rolls out Blockbuster Express DVD-rental kiosks in Bashas, Food City
DULUTH, Ga. NCR Corp. recently installed Blockbuster Express DVD-rental kiosks at more than 100 Bashas’ and Food City supermarkets in Arizona.
Each Blockbuster Express kiosk holds more than 900 DVDs, providing the largest selection of popular movie titles and new releases of any DVD rental kiosk. No membership is required – customers simply swipe their credit card and are charged $1 per night for a rental. A DVD can then be returned to any Blockbuster Express kiosk – not just where the DVD was rented.
“Our customers can now get great deals on everyday grocery items and new-release movie rentals at our stores,” said Kristy Nied, director of communications for Bashas’ Family of Stores. “Just in time for Valentine’s Day, the Blockbuster Express kiosk allows us to combine an inexpensive at-home meal with an affordable, convenient entertainment option.”