Bruce Besanko to resign as SUPERVALU’s EVP, COO and CFO

MINNEAPOLIS, 2017-Jun-27 — /EPR Retail News/ — SUPERVALU INC. (NYSE:SVU) today (Jun. 26, 2017) announced that Bruce Besanko has informed the Company’s Board of Directors of his intention to resign his positions as Executive Vice President, Chief Operating Officer and Chief Financial Officer effective July 5, 2017 to pursue an opportunity outside the Company.

SUPERVALU also announced that Rob Woseth, the Company’s Executive Vice President, Chief Strategy Officer, will assume the additional position of Interim Chief Financial Officer, and David Johnson, the Company’s Vice President, Controller, will assume the additional position of Interim Chief Accounting Officer, while the Company completes a search for a permanent chief financial officer.

“On behalf of SUPERVALU, I want to thank Bruce for his service over the past four years. Bruce made numerous contributions to this organization, including improvements to the Company’s capital structure that have laid the groundwork for our transformation. We wish Bruce well in his future endeavors,” said Mark Gross, President and Chief Executive Officer. “Rob and David are important leaders at the Company, and I am very pleased that they will assume these interim roles.”


(The following information on sales, store counts and employees is as of SUPERVALU’s last fiscal year end and does not include Unified Grocers)

SUPERVALU INC. is one of the largest grocery wholesalers and retailers in the U.S. with annual sales of approximately $12 billion in fiscal 2017. SUPERVALU serves customers across the United States through a network of 2,363 stores including 1,902 stores operated by wholesale customers serviced primarily by the Company’s food distribution business and 217 traditional retail grocery stores operated under five retail banners in six geographic regions (store counts as of February 25, 2017). Headquartered in Minnesota, SUPERVALU has approximately 29,000 employees.

For more information about SUPERVALU visit

Steve Bloomquist

Jeff Swanson


Diebold Nixdorf appoints Dr. Juergen Wunram as COO; Eckard Heidloff steps down as president

NORTH CANTON, Ohio and PADERBORN, Germany, 2017-Feb-17 — /EPR Retail News/ — Following the registration of the domination and profit and loss transfer agreement (DPLTA) announced Feb. 14, Diebold Nixdorf, Incorporated (NYSE: DBD) today (Feb. 16, 2017) announced two key, global leadership changes. Dr. Juergen Wunram, senior vice president and chief integration officer, has been appointed chief operating officer (COO).  Wunram also will join the company’s board of directors.  In addition, Eckard Heidloff, president of Diebold Nixdorf, is resigning from the company effective March 31.

“I am excited for Juergen to take on this major leadership role.  His experience in management and process improvement will be invaluable as we shift the company’s integration into high gear,” said Andy W. Mattes, chief executive officer, Diebold Nixdorf.  “Also, I want to personally thank Eckard for being a crucial partner in making Diebold Nixdorf a reality.  His leadership was paramount in the successful transition of our new company.”

In his role, Wunram’s responsibilities will include integration, IT, security, quality, indirect procurement, the EMEA business, as well as the company’s retail business and Aevi subsidiary. He will be based in Germany.  Wunram served as the chief financial officer (CFO) and COO, and a member of the executive board for Wincor Nixdorf AG, since 2007. In 2013, he was also appointed deputy CEO for the company. Prior to joining Wincor Nixdorf, Wunram was a director at McKinsey & Company where he served as a consultant since 1992. He led McKinsey’s Hamburg office and was a member of the leadership team for the European High-Tech Sector and Operations Practice.  Wunram has a doctorate in mathematics from the University of Hamburg, Germany.

Since joining Nixdorf Computer AG in 1983, Heidloff held a series of leadership positions in both the retail and financial self-service businesses that played a key role in shaping the company’s success over the years. He was appointed CFO and COO for Wincor Nixdorf AG in 2004.  In 2007, Heidloff was named the company’s president and chief executive officer.  Heidloff has a Diplom Kaufmann in business administration from the University of Paderborn.

About Diebold Nixdorf

Diebold Nixdorf is a world leader in enabling connected commerce for millions of consumers each day across the financial and retail industries. Its software-defined solutions bridge the physical and digital worlds of cash and consumer transactions conveniently, securely and efficiently. As an innovation partner for nearly all of the world’s top 100 financial institutions and a majority of the top 25 global retailers, Diebold Nixdorf delivers unparalleled services and technology that are essential to evolve in an ‘always on’ and changing consumer landscape.

Diebold Nixdorf has a presence in more than 130 countries with approximately 25,000 employees worldwide. The organization maintains corporate offices in North Canton, Ohio, USA and Paderborn, Germany. Shares are traded on the New York and Frankfurt Stock Exchanges under the symbol ‘DBD’. Visit for more information.


U.S. Media Relations:
Mike Jacobsen

Investor Relations:
Steve Virostek

Germany Media Relations:
Andreas Bruck
+49 151 1512 3018

SOURCE: Diebold Nixdorf

GGP announces the promotion of Shobi Khan to President and COO

Chicago, Illinois, 2016-Dec-19 — /EPR Retail News/ — GGP announced today (December 15, 2016) the promotion of Shobi Khan to President and Chief Operating Officer, effective immediately. Mr. Khan joined GGP in 2011 as Chief Operating Officer to oversee all aspects of asset management and investment activities. Mr. Khan will continue to report directly to Sandeep Mathrani, Chief Executive Officer.“Shobi has been one of my trusted colleagues during the transformation of GGP into one of the leading retail real estate companies in the U.S. Over the last five years, Shobi’s responsibilities have broadened and it gives me great pleasure to recognize him with this promotion,” commented Sandeep Mathrani.“On behalf of the Board of Directors, we are proud to announce Shobi’s promotion to President. Since 2011, Shobi has been a respected leader and partner throughout the organization. We have the utmost confidence in Shobi in his new role as he continues to partner with Sandeep and the executive team to deliver long-term value creation for our shareholders,” commented Bruce Flatt, Chairman of the Board.

GGP is an S&P 500 company focused exclusively on owning, managing, leasing, and redeveloping high quality retail properties throughout the United States. GGP is headquartered in Chicago, Illinois, and publicly traded on the NYSE under the symbol GGP.

Investor Relations:
Kevin Berry
Vice President

Source: GGP

DDR Corp. announces the appointment of William T. Ross as COO

BEACHWOOD, Ohio, 2016-Dec-15 — /EPR Retail News/ — DDR Corp. (NYSE: DDR) today (Dec 14, 2016) announced that it has named William T. Ross as chief operating officer, effective January 3, 2017.

Mr. Ross will oversee Asset Management and Property Management and will focus on improving same-store net operating income and cash flow at the property and portfolio levels. He will work closely with the full leadership team of DDR on all operational initiatives and especially with Vince Corno, executive vice president of leasing and development.  Mr. Ross and Mr. Corno will report directly to President and Chief Executive Officer Tom August.

Mr. Ross is a seasoned veteran of the retail real estate industry with extensive experience as a senior leader at Forest City Realty Trust as executive vice president of asset management since 2006.  In his role at Forest City, he oversaw 85 properties totaling 22 million square feet, and provided strategic oversight on leasing, operations, capital expenditures, and redevelopments across the portfolio.  While in that role, Mr. Ross also led many broad operational improvement and strategic initiatives across the organization.  Prior to his role in Asset Management, Mr. Ross was vice president of strategy and investment management at Forest City where he evaluated investment decisions and put in place core strategic processes for achieving profitable growth.

Prior to his time at Forest City, Mr. Ross was an executive at General Electric Company where he led M&A for one of GE’s major divisions.  He also spent six years as a consultant for McKinsey & Company, worked in venture capital, and ran a small sporting goods manufacturing company.  Mr. Ross earned his bachelor’s degree from Miami University and his MBA from the University of Chicago.

Tom August, chief executive officer of DDR, commented, “We are very pleased to announce the addition of Bill Ross to our executive team.  Bill is a seasoned retail real estate executive who will provide a fresh perspective for how to strategically view our portfolio as well as dive into operations and drive asset-level cash flow growth.  With his experience working with retail leasing, he will be able to work closely with Vince Corno and the leasing and development teams to continue our efforts of driving strong operational performance.  Given Bill and Vince’s significant retail real estate backgrounds, the operational side of the organization is extremely well-prepared to address the rapidly changing retail landscape.”

About DDR Corp.
DDR is an owner and manager of 327 value-oriented shopping centers representing 107 million square feet in 36 states and Puerto Rico. The company’s assets are concentrated in high barrier-to-entry markets with stable populations and high growth potential and its portfolio is actively managed to create long-term shareholder value. DDR is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol DDR. Additional information about the company is available at

Safe Harbor
DDR Corp. considers portions of the information in this press release to be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, both as amended, with respect to the Company’s expectation for future periods. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. For this purpose, any statements contained herein that are not historical fact may be deemed to be forward-looking statements. There are a number of important factors that could cause our results to differ materially from those indicated by such forward-looking statements, including, among other factors, local conditions such as supply of space or a reduction in demand for real estate in the area; competition from other available space; dependence on rental income from real property; the loss of, significant downsizing of or bankruptcy of a major tenant; redevelopment and construction activities may not achieve a desired yield on investment; our ability to buy or sell assets on commercially reasonable terms; our ability to complete acquisitions or dispositions of assets under contract; our ability to secure equity or debt financing on commercially acceptable terms or at all; our ability to enter into definitive agreements with regard to our financing and joint venture arrangements or our failure to satisfy conditions to the completion of these arrangements; the success of our capital recycling strategy; and any impact on strategy or results from the transition and leadership. For additional factors that could cause the results of the Company to differ materially from those indicated in the forward-looking statements, please refer to the Company’s Form 10-K for the year ended December 31, 2015. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.


Neiman Marcus Group appoints Michael Fung as Interim CFO and COO

DALLAS, TX, 2016-Nov-29 — /EPR Retail News/ — Neiman Marcus Group (NMG) announces effective November 28, 2016 Michael Fung will serve as Interim Chief Financial Officer and Chief Operating Officer of Neiman Marcus Group. This position was previously held by Donald T. Grimes.

Most recently, Mr. Fung served as Interim Chief Financial Officer and Treasurer for 99 Cents Only Stores and currently serves on its board. Prior to that, Michael spent 11 years at Wal-Mart Stores Inc., retiring in 2012. During his tenure, he served as Chief Financial Officer for Walmart U.S and SVP, Global Procurement and Internal Audit. He was responsible for implementing Walmart’s financial and procurement system, SAP.

“Michael is an excellent choice to serve as our interim Chief Financial Officer and Chief Operating Officer,” said Karen Katz, President and Chief Executive Officer, Neiman Marcus Group. “He is an accomplished leader who brings extensive experience in corporate finance, strategy, financial planning and analysis, logistics and operations to NMG.”

Earlier in his career, he held leadership and executive-level positions at Sensient Technologies, Vanstar Corporation, Bass Pros Shops, Beatrice Companies, and Deloitte & Touche.

Michael Fung brings nearly 40 years of experience to NMG. He currently serves on the Board of Directors for FranklinCovey, Salt Lake City and 99 Cents Only Stores in Los Angeles. Mr. Fung chairs the Audit Committee for both FranklinCovey and 99 Cents Only Stores and also serves on the Compensation Committee and the Nominating and Governance Committee at FranklinCovey. He is a board member and Chair of the Asian Pacific Islander American Scholarship Fund.

Fung received a Masters of Business Administration from the University of Chicago’s Booth School of Business, and a Bachelor of Science in Accounting from the University of Illinois at Chicago.

About Neiman Marcus Group:

Neiman Marcus Group LTD LLC is a luxury, multi-branded, omni-channel fashion retailer conducting integrated store and online operations under the Neiman Marcus, Bergdorf Goodman, Last Call, Horchow, CUSP, and mytheresa brand names. For more information, visit


Mimi Sterling
Neiman Marcus Group

Source: Neiman Marcus Group

General Growth Properties’ COO Shobi Khan to participate at the Evercore ISI 2016 Real Estate Conference

CHICAGO, 2016-Sep-08 — /EPR Retail News/ — General Growth Properties, Inc. (NYSE: GGP)(the “Company”) today (September 7, 2016) announced that Shobi Khan, Chief Operating Officer, will participate in a panel discussion titled “RETAIL – WHAT ARE THE OPPORTUNITIES AND CHALLENGES FACING TODAY’S LANDLORDS?” at the Evercore ISI 2016 Real Estate Conference in New York on September 8, 2016, at 2:45 p.m. Eastern Time.

Live Webcast:

An online replay will be available for one month after the event.

About General Growth Properties, Inc.
General Growth Properties, Inc. is an S&P 500 company focused exclusively on owning, managing, leasing, and redeveloping high-quality retail properties throughout the United States. GGP is headquartered in Chicago, Illinois, and publicly traded on the NYSE under the symbol GGP.

General Growth Properties, Inc.
Kevin Berry
SVP Investor & Public Relations
(312) 960-5529

Source: General Growth Properties, Inc.

SpartanNash announces the appointment of Dave Staples as its President and COO

Byron Center, MI, 2016-Aug-31 — /EPR Retail News/ — SpartanNash (Nasdaq: SPTN) announced that the Board of Directors has appointed Dave Staples as the Company President; Mr. Staples will continue as Chief Operating Officer.

Mr. Staples will continue to report directly to Dennis Eidson, who continues his responsibilities as Chairman and Chief Executive Officer. As President and Chief Operating Officer, Mr. Staples will lead the Company’s overall strategy implementation and execution, and direct all operating aspects of the retail, wholesale and military distribution business segments. This move will enable Mr. Eidson to continue to focus on long-term strategic growth opportunities.

“Dave has been an instrumental member of our team for the past 16 years and a key leader in our transformational merger in 2013,” notes Mr. Eidson, who was elected Chairman of the Board at the company’s annual shareholders meeting in June of 2016. “Dave has been serving as SpartanNash’s Chief Operating Officer since March 1, 2015, and his leadership in integrating and optimizing the wholesale and military supply chains has been tremendous.” Mr. Staples previously held the position of Executive Vice President and Chief Financial Officer since 2000. He served as the CFO until Chris Meyers joined the company in April of 2016.

The following associates will continue to report to Mr. Staples: Derek Jones, Executive Vice President, President, Wholesale and Distribution Operations; Ted Adornato, Executive Vice President, Retail Operations; Larry Pierce, Executive Vice President, Merchandising and Marketing; Ed Brunot, Executive Vice President, President MDV; and Dave Couch, Chief Information Officer.

In addition to Mr. Staples, the following associates will continue to report to Mr. Eidson: Kathy Mahoney, Executive Vice President, Chief Legal Officer and Secretary; Chris Meyers, Executive Vice President, Chief Financial Officer; and Jerry Jones, Senior Vice President, Human Resources.

About SpartanNash
SpartanNash (SPTN) is a Fortune 400 company and the leading distributor serving U.S. military commissaries and exchanges in the world, in terms of revenue. The Company’s core businesses include distributing grocery products to military commissaries and exchanges and independent and Company-owned retail stores located in 47 states and the District of Columbia, Europe, Cuba, Puerto Rico, Bahrain and Egypt. SpartanNash currently operates 160 supermarkets, primarily under the banners of Family Fare Supermarkets, Family Fresh Markets, D&W Fresh Markets, and Sun Mart.

Investor Contact:
Chris Meyers
Vice President Corporate Affairs and Communications
(616) 878-8023

Media Contact:
Meredith Gremel
Executive Vice President & CFO
(616) 878-2830

Source: SpartanNash