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CarMax EVP and COO Cliff Wood to retire; Ed Hill to succeed

Company Highlights Succession Plan and Executive Promotions

RICHMOND, Va., 2017-Nov-01 — /EPR Retail News/ — CarMax, Inc. (NYSE:KMX) today (October 30, 2017) announced that Cliff Wood plans to retire as executive vice president and chief operating officer by the end of the summer of 2018 and will be succeeded by Ed Hill, currently CarMax’s executive vice president, strategy and business transformation.

“Cliff has been instrumental in building CarMax’s industry-leading store operations,” said Bill Nash, CarMax president and CEO. “He has helped guide the company successfully through many years of growth and has built a strong field leadership team. We are incredibly grateful for his many years of service and contributions to CarMax’s success.” Wood joined CarMax in 1993 as a buyer at CarMax’s first location in Richmond, Virginia.

Mr. Hill, 58, was promoted to executive vice president, strategy and business transformation in 2016. He joined CarMax in 1995 as director of service operations and progressively advanced to senior vice president, assuming leadership for CarMax’s corporate strategy in 2012. Prior to joining CarMax, he served in operational roles for several technology companies.

“Ed was the driving force behind the development and ongoing enhancement of our vehicle reconditioning process, one of CarMax’s key competitive advantages,” said Mr. Nash. “He has been an integral member of the executive leadership team, and his breadth of experience in operations, corporate strategy and enterprise change management will be essential for our future growth.”

CarMax also announced that, effective November 1, 2017, two additional executives will be promoted. Darren Newberry will be promoted to senior vice president, store operations, and Joe Wilson will be promoted to senior vice president, store strategy and logistics.

Mr. Newberry, 48, was promoted to vice president, regional sales, in 2016, responsible for the field sales organization through the 11 CarMax regions. He joined CarMax in March 2004 as location general manager-in-training in the Los Angeles region and was promoted to location general manager of the Duarte, California store in 2006. He was promoted subsequently to positions of increasing responsibility, including regional vice president general manager of the Baltimore region in 2013 and the Los Angeles region in 2014. Prior to joining CarMax, Mr. Newberry served as store manager and area manager for Bed, Bath and Beyond from 1994 to 2004. In his new role, he will lead the field operations for the sales, service and merchandising organizations.

Mr. Wilson, 44, was promoted to vice president, merchandising operations in 2016. He began his career at CarMax in May 1995 as a buyer-in-training at the Raleigh, N.C.store, where he was subsequently promoted to buyer and then senior buyer. Mr. Wilson later served as purchasing manager at two CarMax stores in southern Floridabefore being promoted to regional vice president of merchandising. He was promoted to assistant vice president, auction services and merchandising development in 2008 and then vice president, auction services and merchandising development in 2013. In his new role, he will lead field strategy, including our auction business, and logistics.

About CarMax

CarMax is the nation’s largest retailer of used cars, currently operating 180 stores in 39 states nationwide. CarMax revolutionized the auto industry by delivering the honest, transparent and high-integrity car buying experience customers want and deserve. For more than 20 years, CarMax has made car buying more ethical, fair and stress-free by offering a no-haggle, no-hassle experience and an incredible selection of vehicles. CarMax makes selling your car easy too, by offering no-obligation appraisals good for seven days. At CarMax, we’ll buy your car even if you don’t buy ours®. CarMax has more than 24,000 associates nationwide and for 13 consecutive years has been named as one of the Fortune 100 Best Companies to Work For®. During the twelve months ended February 28, 2017, the company retailed 671,294 used vehicles and sold 391,686 wholesale vehicles at its in-store auctions. For more information, access the CarMax website at www.carmax.com.

Forward-Looking Statements

We caution readers that the statements contained in this release about our future business plans, succession plans, operations, opportunities or prospects are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by the use of words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “outlook,” “plan,” “predict,” “should,” “will” and other similar expressions, whether in the negative or affirmative. Such forward-looking statements are based upon management’s current knowledge and assumptions about future events and involve risks and uncertainties that could cause actual results to differ materially from anticipated results. Among the factors that could cause actual results and outcomes to differ materially from those contained in the forward-looking statements are the following:

  • Changes in the competitive landscape and/or our failure to successfully adjust to such changes.
  • Events that damage our reputation or harm the perception of the quality of our brand.
  • Changes in general or regional U.S. economic conditions.
  • Changes in the availability or cost of capital and working capital financing, including changes related to the asset-backed securitization market.
  • Our inability to recruit, develop and retain associates and maintain positive associate relations.
  • The loss of key associates from our store, regional or corporate management teams or a significant increase in labor costs.
  • Security breaches or other events that result in the misappropriation, loss or other unauthorized disclosure of confidential customer, associate or corporate information.
  • Significant changes in prices of new and used vehicles.
  • Changes in economic conditions or other factors that result in greater credit losses for CAF’s portfolio of auto loan receivables than anticipated.
  • A reduction in the availability of or access to sources of inventory or a failure to expeditiously liquidate inventory.
  • Changes in consumer credit availability provided by our third-party finance providers.
  • Changes in the availability of extended protection plan products from third-party providers.
  • Factors related to the regulatory and legislative environment in which we operate.
  • Factors related to geographic and sales growth, including the inability to effectively manage our growth.
  • The failure of or inability to sufficiently enhance key information systems.
  • The effect of various litigation matters.
  • Adverse conditions affecting one or more automotive manufacturers, and manufacturer recalls.
  • The inaccuracy of estimates and assumptions used in the preparation of our financial statements, or the effect of new accounting requirements or changes to U.S. generally accepted accounting principles.
  • The performance of the third-party vendors we rely on for key components of our business.
  • Factors related to seasonal fluctuations in our business.
  • The occurrence of severe weather events.
  • Factors related to the geographic concentration of our stores.

For more details on factors that could affect expectations, see our Annual Report on Form 10-K for the fiscal year ended February 28, 2017, and our quarterly or current reports as filed with or furnished to the U.S. Securities and Exchange Commission. Our filings are publicly available on our investor information home page at investors.carmax.com. Requests for information may also be made to the Investor Relations Department by email to investor_relations@carmax.com or by calling 1-804-747-0422 ext. 4391. We undertake no obligation to update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise.

Media Inquiries:
(855) 887-2915
pr@carmax.com

Customer Relations:
(800) 519-1511

Marketing Inquiries:
marketing_carmax@carmax.com

Source: CarMax, Inc.

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Kroger Central division President Katie Wolfram to retire; Pam Matthews to succeed

CINCINNATI, 2017-Oct-18 — /EPR Retail News/ — The Kroger Co. (NYSE: KR) today (Oct. 17, 2017) announced the retirement of Central division President Katie Wolfram and the promotion of Pam Matthews, currently the QFC division president, to succeed her. Suzy Monford will join the company to serve as the president of the QFC division.

“We are grateful for Katie’s nearly 40 years of dedicated service to our associates and customers, and we are excited to have Pam and Suzy take on these indispensable leadership roles in our company,” said Rodney McMullen, Kroger’s chairman and CEO. “Both leaders bring successful and distinguished retail experience to the roles and will help with the execution of the Restock Kroger Plan that will bring valuable changes to our customers, associates, communities and shareholders.”

Katie Wolfram to Retire after 38 Years of Service 
Ms. Wolfram will retire from the company after 38 years of distinguished service, effective November 4.

“Katie has accomplished much in her career with Kroger and has always been passionate about creating an inclusive and diverse work culture,” said Rodney McMullen, Kroger’s chairman and CEO. “She has been a valued leadership partner across the company and Central division. We truly appreciate the many contributions Katie has made to Kroger, and we wish her and her family the best in retirement.”

Ms. Wolfram was named to her current role in 2016 and has been spearheading an aggressive growth strategy in the Central division since joining the region as the vice president of merchandising in 2014. In the last two years, the company has invested nearly $329 million in the central Indiana market, adding five new Marketplace stores and 12 new gas stations, remodeling and/or expanding 14 existing stores, building a regional training center and adding more than 1,400 new jobs to the region. The Central Division operates 138 stores with more than 19,500 associates.

Ms. Wolfram began her career with Kroger in 1979 as an assistant store manager in the Cincinnati-Dayton division. She went on to serve in several leadership positions at Kroger’s corporate office in Cincinnati and with Kroger’s Manufacturing division. In 2005, she moved to Denver to join the King Soopers division as vice president of merchandising, before joining the Central division in 2014 to serve in the same role.

Ms. Wolfram was a leader for the first Cultural Council, a team development and culture-building group, started at the corporate office, and she started the Reach Higher initiative in Kroger Manufacturing. Additionally, Ms. Wolfram represented Kroger as a leader in the Network of Executive Women, Denver.

In retirement, she plans to move back to Denver to be near her daughter and grandson.

Pam Matthews Promoted to President of Central Division 
Ms. Matthews, currently president of the QFC division, succeeds Ms. Wolfram as president of Kroger’s Central division, effective October 23.

Ms. Matthews started with the company in 1980 in the Fred Meyer division. She has held a variety of leadership roles in her 25-year career with Fred Meyer, including store management, training, corporate brand development, and merchandising for deli-bakery, drug-general merchandise and grocery. Ms. Matthews also served as director of deli-bakery merchandising and director of floral merchandising and procurement at Kroger’s corporate office in Cincinnati before being promoted to vice president of merchandising for the Central division in 2006. She moved to the Delta division as vice president of merchandising in 2014 and was named vice president of operations in 2015. She was named president of the QFC division in 2016.

Suzy Monford Named President of QFC Division 
Ms. Monford joins the company to succeed Ms. Matthews as president of QFC, effective October 23. Ms. Monford is the former CEO of Andronico’s Community Markets, a Bay Area chain acquired by Albertsons in early 2017.

Prior to Andronico’s, Ms. Monford was the head of innovation for Woolworths Supermarkets in Australia, after spending 10 years as an executive for H-E-B Central Market and H-E-B Grocery Company in Texas.

Passionate about creating healthy communities, Ms. Monford is an internationally-certified group exercise instructor and health coach. She’s been recognized as a Top Woman in Retail Tech by Retail Info Systems (RIS), Top Woman in Grocery by Progressive Grocer and a Top 25 Technological Disruptor by Supermarket News.

She will be based at the division office in Seattle and oversee QFC’s 65 stores in Washington and Oregon.

At The Kroger Co., we are dedicated to our purpose: to Feed the Human Spirit™. We are 450,000 associates who serve nearly nine million customers daily in 2,793 retail food stores under a variety of local banner names in 35 states and the District of Columbia. Our Family of Companies operates an expanding ClickList offering – a personalized order online service – in addition to 2,258 pharmacies, 783 convenience stores, 307 fine jewelry stores, 222 retail health clinics, 1,472 supermarket fuel centers and 38 food production plants in the United States. Our Company has been recognized as one of America’s most generous companies for our support of more than 100 Feeding America food bank partners, breast cancer research and awareness, the military and their families, and more than 145,000 community organizations including schools. As a leader in supplier diversity, we are a proud member of the Billion Dollar Roundtable.

SOURCE: The Kroger Co.

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Kevin Holt to succeed James McCann at Ahold USA

Zaandam, the Netherlands, 2016-Oct-08 — /EPR Retail News/ — Today (5 October 2016) Ahold Delhaize announced that James McCann, member of the Management Board of Ahold Delhaize, has resigned in order to move out of full-time executive work and into a portfolio of non-executive and advisory roles. He will remain available to provide an appropriate hand over and transition through April 30, 2017.

James joined Ahold in September 2011 as Chief Commercial Officer, taking over responsibilities for Ahold USA in 2013. After the merger between Ahold and Delhaize Group in July 2016, he became member of the Ahold Delhaize Management Board and continued his leadership role at Ahold USA.

Dick Boer, CEO Ahold Delhaize: “We thank James for his significant contributions both driving our e-commerce strategy whilst based in Europe and for the last three-and-a-half years driving the transformation at Ahold USA, supporting the Stop & Shop New York, Stop & Shop New England, Giant Landover, Giant Carlisle, Martin’s and Peapod brands. We wish James and his wife Tania all the best for the future.”

James McCann will be succeeded at Ahold USA by Kevin Holt. Kevin currently is CEO of Delhaize America and member of the Management Board of Ahold Delhaize.

Dick Boer: “As the new leader of Ahold USA, Kevin brings a wealth of US retail experience and he is recognized for his leadership skills.”

Kevin Holt: “I am looking forward to getting to know Ahold USA and the great brands it is supporting. I am leaving Delhaize America with pride for the transformations we have accomplished and with gratitude for the support and warmth I received from the many associates and customers.”

Following Kevin’s departure from Delhaize America to assume his new role at Ahold USA, Delhaize America including the Food Lion and Hannaford brands will be reporting on an ad interim basis to Frans Muller, Deputy CEO of Ahold Delhaize. Both Frans and Kevin will assume their new accountabilities effective immediately and will continue to report to Dick Boer.

Media Contacts:

Email: media.relations@aholddelhaize.com
Phone: +31 88 659 9111

Source: Ahold Delhaize Group

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Kroger: Marlene Stewart to succeed Bill Breetz as Houston division President

CINCINNATI, 2016-Jul-20 — /EPR Retail News/ — The Kroger Co. (NYSE: KR) today announced the retirement of Houston division President Bill Breetz, and the promotion of Marlene Stewart to succeed him. Ms. Stewart currently serves as president of the company’s Dillons division.

Colleen Juergensen will succeed Ms. Stewart as president of Dillons. Ms. Juergensen currently serves as vice president of merchandising of the Smith’s division.

Kroger also announced the promotion of Pam Matthews to serve as president of the company’s QFC division. Ms. Matthews currently serves as vice president of operations for Kroger’s Delta division. She succeeds Dennis Gibson, who was recently named president of the King Soopers/City Market division.

“Kroger has an exceptionally strong team of leaders who are fueling our growth and improving our connection with customers,” said Rodney McMullen, Kroger’s chairman and CEO. “Marlene, Colleen and Pam bring unmatched depth and experience to their new roles. They will help Kroger continue to make a difference for our customers, associates, and communities – and by doing so create value for our shareholders.”

Bill Breetz to Retire After 44 Years of Service

Bill Breetz will retire from the company after 44 years of service, effective August 26.

“Bill’s extraordinary career demonstrates a passion for people and a passion for results. He leads by caring deeply about associates and developing future leaders,” said Mr. McMullen. “Bill’s leadership has contributed to Kroger’s success and growth. The entire Kroger family thanks Bill for his many contributions over the years and wishes he and his family all the best in retirement.”

Mr. Breetz began his Kroger career in 1972 as a bagger in Louisville, Ky. After earning a degree at the University of Louisville in 1977, he joined the management training program and was named a co-manager in Cincinnati. He served in several leadership positions through the years, including store and district management and vice president of merchandising for the company’s Cincinnati/Dayton division. In 2000, Mr. Breetz was promoted to executive vice president of Kroger’s Southwest division with responsibility for Operations in Dallas. In 2001, he assumed responsibility for operations in Houston as well. He was named president of the Southwest Division in 2002, and president of the Houston Division in 2015.

Mr. Breetz has been active in a variety of community organizations throughout his career, most recently supporting the Houston Food Bank, the Greater Houston Partnership, the Boy Scouts of America, the Muscular Dystrophy Association and other local charities. Mr. Breetz and his wife, Jo Ann, have three children and three grandchildren.

Marlene Stewart Promoted to President of Houston Division

Marlene Stewart, currently president of the Dillons division, succeeds Mr. Breetz as president of the Houston Division, effective August 28.

Ms. Stewart started her career with Kroger in 1977 as a bagger in the company’s Cincinnati division, where she worked full-time while attending the University of Cincinnati. She went on to serve in many leadership roles in Cincinnati, including store and district management, training and merchandising. In 2005, Ms. Stewart was named director of operations for Kroger’s Mid-Atlantic division before being named vice president of operations in 2007. She was named vice president of merchandising in the company’s QFC division in 2011. She was named to her current role in 2015.

Colleen Juergensen Promoted to President of Dillons Division

Colleen Juergensen, currently vice president of merchandising at the Smith’s division, succeeds Ms. Stewart as president of the Dillons division, effective August 28.

Ms. Juergensen began her Kroger career with the Dillons division in 1981. She served in various leadership roles of increasing responsibility including store manager, zone manager, and director of advertising. In 2008, Ms. Juergensen was promoted to Dillons vice president of operations. She was named vice president of operations of Smith’s in 2012, and to her current role in 2015.

Pam Matthews Promoted to President of QFC Division

Pam Matthews, currently vice president of operations for the Delta division, has been promoted to president of the QFC Division, effective August 1. She replaces Dennis Gibson, who was recently named president of the King Soopers/City Market Division.

Ms. Matthews began her career with the company’s Fred Meyer division, based in Portland, Ore, in 1980.

Throughout her 25-year career with Fred Meyer, she held a variety of leadership roles in store management, Corporate Brand development, and merchandising. Ms. Matthews also served as director of deli/bakery merchandising and director of floral merchandising and procurement at Kroger’s general offices in Cincinnati before being promoted to vice president of merchandising for the Central division in 2006. She was named vice president of merchandising for the Delta Division in 2014 and to her current role in 2015.

Every day, the Kroger Family of Companies makes a difference in the lives of eight and a half million customers and 431,000 associates who shop or serve in 2,778 retail food stores under a variety of local banner names in 35 states and the District of Columbia. Kroger and its subsidiaries operate an expanding Click List offering – a personalized, order online, pick up at the store service – in addition to 2,230 pharmacies, 785 convenience stores, 323 fine jewelry stores, 1,400 supermarket fuel centers and 38 food production plants in the United States. Kroger is recognized as one of America’s most generous companies for its support of more than 100 Feeding America food bank partners, breast cancer research and awareness, the military and their families, and more than 145,000 community organizations including schools. A leader in supplier diversity, Kroger is a proud member of the Billion Dollar Roundtable.

Contact:

Cincinnati/Dayton Division
(Cincinnati and Dayton, Ohio; northern Kentucky, southeastern Indiana)
Patty Leesemann
513-782-8745
patty.leesemann@kroger.com

SOURCE The Kroger Co.