By Simon Graj, Contributor Robert Mettler may be technically retired, but at 72, he remains an active force in the retail industry on many fronts. In 2009, Bob left Macy’s West in San Francisco, where he had been chairman and CEO and nearly doubled that division in size. During his earlier career, he helmed a number of the great names in department store history including Joske’s, L.S.Ayres and Robinson’s. After joining Sears as President of Soft Line and Home Fashion in the 1990s, his leadership in the “Softer Side of Sears” re-strategized that business. Bob went on to head all of Sears merchandising. Currently he serves as Presiding Director of The Jones Group and also sits on the boards of Stein Mart, Quicksilver and JWL Partners Acquisition Group. The interview was conducted for Graj + Gustavsen by Ron Beyma. …read more
Source: FULL ARTICLE at Forbes Latest
Tag Archives: Presiding Director
Philip Morris International Inc. (PMI) Announces Leadership Succession Plan
By Business Wirevia The Motley Fool
Filed under: Investing
Philip Morris International Inc. (PMI) Announces Leadership Succession Plan
Andre Calantzopoulos Appointed Chief Executive Officer
Louis Camilleri to Remain Chairman of the Board
NEW YORK–(BUSINESS WIRE)– Regulatory News:
The Board of Directors of Philip Morris International Inc. (NYSE / Euronext Paris: PM) today announced that André Calantzopoulos was appointed Chief Executive Officer to become effective immediately following the Annual Meeting of Shareholders on May 8, 2013. Mr. Calantzopoulos was also nominated for election to the Board of Directors at the Annual Meeting. He has served as PMI‘s Chief Operating Officer since the company’s spin-off on March 28, 2008. Louis Camilleri, PMI‘s current Chairman and Chief Executive Officer, will remain as Chairman of the Board and as an employee of the company.
Since the spin-off, Messrs. Camilleri and Calantzopoulos have worked closely together in their respective roles as Chief Executive Officer and Chief Operating Officer. Under their combined leadership, PMI has solidified its position as the largest and most profitable international tobacco company, while expanding its global market share, excluding China and the USA, to a record 28.8% in 2012. Among PMI‘s substantial achievements under their combined leadership since the spin-off through year-end 2012:
- Total Shareholder Return of 103.5% versus the S&P 500 Index (20.6%);
- Returned over $50 billion to shareholders through dividends and share repurchases;
- Met, or exceeded, the high end of its adjusted diluted EPS annual growth target of 10-12%, excluding currency, each year;
- Increased its dividend each year for a cumulative increase of 84.8%; and
- Repurchased 489 million shares, or 23.2% of the shares outstanding after the spin-off, at an average price of $56.96 per share.
Lucio A. Noto, PMI‘s independent Presiding Director, said: “Louis has assembled and led a tremendous …read more
Source: FULL ARTICLE at DailyFinance