Tag Archives: Robert Miller

News, Politics, Government

UConn professor faces sexual misconduct probe

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A University of Connecticut professor is under investigation amid allegations of sexual misconduct and child molestation.

UConn officials announced the investigations of 66-year-old Robert Miller on Monday. He hasn’t been charged with any crime.

According to UConn officials and the state attorney general’s office, university employees were notified as far back as 2006 that Miller had sexual contact with children, but it wasn’t until February of this year that school administrators were told of the claims. Miller was placed on administrative leave last month and barred from campus.

Officials say a student reported that Miller had sex with UConn students, visited freshman dorms and provided drugs to students. It’s not clear when that allegedly happened.

And a state police search warrant says five men allege Miller molested them more than two decades ago when they were attending a camp started by Paul Newman for ill children, where Miller was a counselor.

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Source: FULL ARTICLE at Fox US News

Business, Finance, Occupation & Industry

SUPERVALU Announces Changes to Executive Leadership Team

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By Business Wirevia The Motley Fool

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SUPERVALU Announces Changes to Executive Leadership Team

MINNEAPOLIS–(BUSINESS WIRE)– SUPERVALU Inc. (NYS: SVU) today announced changes at the senior level as Sam Duncan, SUPERVALU‘s president and chief executive officer, finalizes his executive leadership team.

Sherry Smith, executive vice president and chief financial officer, will leave the company at the end of May. Smith has served as the company’s CFO since her appointment in December 2010. She has spent 26 years with SUPERVALU and previously served as senior vice president, finance. The company plans to announce a new CFO at a later date.

Karla Robertson has been named executive vice president for legal, effective immediately. She replaces Todd Sheldon, executive vice president, general counsel and corporate secretary, who will stay through May to assist the company in the completion of its fiscal 2013 year-end filings. At that time, Robertson will assume the additional roles and responsibilities held by Sheldon, including the title of executive vice president, general counsel and corporate secretary. In this role, Robertson will have responsibility for overseeing the legal, risk management and asset protection teams for the company as well as working closely with SUPERVALU‘s non-executive chairman, Robert Miller, and the company’s 11-person board of directors.

Robertson joined SUPERVALU in July 2009 as senior labor and employment counsel and was later promoted to vice president of the employment, compensation and benefits law functions. Prior to SUPERVALU, Robertson served as senior counsel with Target Corporation and was an associate attorney at Faegre & Benson LLP, where she practiced in both the employment and business litigation areas.

“Sherry and Todd worked tirelessly to help structure the deal with AB Acquisition and then see the transaction through to completion,” said Duncan. “I am grateful for their commitment to this company and our shareholders and know they helped put us in a strong position to be successful going forward. I wish them both the best in their future endeavors.”

About SUPERVALU Inc.

SUPERVALU Inc. is one of the largest grocery wholesalers and retailers in the U.S. with annual sales of approximately $17 billion. SUPERVALU serves customers across the United States through a network of approximately 3,470 stores composed of 1,950 independent stores serviced primarily by the Company’s food distribution business, 1,331 Save-A-Lot stores, of …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

SUPERVALU Completes Sale of Five Retail Grocery Banners to Cerberus-Led Investor Group

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By Business Wirevia The Motley Fool

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SUPERVALU Completes Sale of Five Retail Grocery Banners to Cerberus-Led Investor Group

Tender Offer Completed for 5.475% of Shares With Additional Issuance of 19.9% Shares

MINNEAPOLIS–(BUSINESS WIRE)– SUPERVALU Inc. (NYS: SVU) today announced it completed the sale of its Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market stores and related Osco and Sav-on in-store pharmacies to AB Acquisition LLC, an affiliate of a Cerberus Capital Management L.P.-led investor consortium, in a stock deal valued at $3.3 billion, including $100 million in cash and $3.2 billion in debt assumption. Operations for these banners will transfer overnight, and the new SUPERVALU will open for business on Friday as a more efficient wholesale and retail company with annual sales of approximately $17 billion.

As part of the transaction, SUPERVALU also announced that Symphony Investors, a Cerberus-led investor consortium, completed its tender offer resulting in the acquisition of 11,686,406 shares (approximately 5.475 percent of SUPERVALU‘s outstanding common stock) at a purchase price of $4.00 per share in cash. In addition, pursuant to the terms of the transaction, the company issued 42,477,692 million new shares of common stock (approximately 19.9 percent of the outstanding shares) to Symphony Investors at a purchase price of $4.00 per share in cash to the company, or approximately $170 million. The tender offer and primary stock issuance establish Symphony Investors as SUPERVALU‘s largest shareholder with 21.2 percent of total outstanding common shares.

“The successful completion of this transaction marks a significant milestone for SUPERVALU and our shareholders, customers and employees,” said Sam Duncan, SUPERVALU‘s president and chief executive officer. “As we move forward, SUPERVALU will continue as one of the largest wholesale grocery providers in America serving nearly 2,000 independent retailers in 43 states; we plan to continue growing our hard discount Save-A-Lot format that includes over 1,300 stores nationwide; and we will operate five, strong regional retail banners. I am pleased to be leading SUPERVALU during this time of change and strongly believe there is an exciting future ahead for us.”

Board of Directors

With the close of the SUPERVALU transaction, Robert Miller, president and chief executive officer of Albertsons LLC, becomes SUPERVALU‘s new non-executive Chairman of the Board replacing Wayne Sales, who has served as executive Chairman since August 2012. Mr. Miller has spent more than 50 …read more
Source: FULL ARTICLE at DailyFinance