Chutes & Ladders: McDonald's CEO out, Walgreens Boots Alliance names CFO

Welcome to this week's Chutes & Ladders, our roundup of hirings and firings throughout the industry. Please send the good wordor the badfrom your shop to Drew Woolley at [email protected] and we will feature it here at the end of each week.

 

> McDonald's ousted Don Thompson (left) as president, CEO and as a member of the board effective March 1. The board has elected Steve Easterbrook as his replacement. Thompson held the role for less than three years but spent 25 years with the fast food chain. He oversaw the company's worst sales drop in more than a decade. McDonald's has not shown growth since October 2013, as competition from fast-casual chains ate into its business. Last year saw the company's biggest annual decline in its home market since 2001. Story

 

>  Walgreens Boots Alliance named George Fairweather, previously group finance director of Alliance Boots, as the company's new executive VP and global CFO, effective Feb. 20. He will take the place of Timothy McLevish, who has been CFO of Walgreens since August of last year and was instrumental in completing the retailer's merger with Alliance Boots. Fairweather has been group finance director for Alliance Boots since its formation in 2006, joining Alliance UniChem in the same position in 2002, where he oversaw financial integration for the company's merger with Boots Group. Before that, he was group finance director of Elementis, and previously held the same position for Dawson International. Story

> Dollar General announced that Rick Dreiling will stay on as chairman and CEO through January 29, 2016, or the earlier appointment of a successor. Last June, Dreiling had said he would step down by May 30, 2015, or sooner if a successor could be named. But on the heels of the discount chain's failed merger with Family Dollar, he voiced his displeasure with the decision while adding that he would stay on longer. Press release

> DSW shook up its executive leadership with several promotions effective Feb. 25. Executive VP of Sales and Operations Carrie McDermott has been named executive VP and COO. She has been with the company for eight years. Bill Jordan, executive VP and general counsel, will become executive VP and chief administrative officer. In nine years with DSW he has worked across the legal, real estate and human resources departments. Roger Rawlins, currently executive VP of omnichannel, will be appointed executive VP and chief innovation officer. He has been with the company nine years and has served as controller, general manager of DSW.com and most recently led the company's omnichannel initiative. Finally, Harris Mustafa, executive VP of supply chain, has been with the shoe chain for eight years and will become executive VP and chief supply chain officer. Press release

> Gap reshuffled its leadership with the announcement that Scott Key has been appointed senior VP and general manager of customer experience, while Rebekka Bay's role as creative director has been eliminated. Key will oversee a newly combined e-commerce and marketing organization responsible for driving a powerful connection across both those customer touchpoints around the world. He previously served in several senior leadership roles within the growth, innovation and digital division, working closely with incoming CEO Art Peck. Bay's creative director role was eliminated as part of the brand's leadership evaluation. Gap's senior design team will serve in the transition and help determine a long-term leadership approach for the global design team. Press release

> Michael Kliger will leave eBay Enterprises to become president of mytheresa.com in early March. The Munich-based luxury site is affiliated with the Neiman Marcus Group-owned Theresa store. Kliger will report to Joshua Schulman, president of Bergdorf Goodman and NMG International, while Managing Director Jens Riewenherm and buying director Justin O'Shea will report to Kliger. He was VP of Europe and Asia Pacific for eBay Enterprises, and previously served in managing director and executive positions for eBay Enterprises/GSI Commerce, Accenture and Real Holding. Story

> Ross Stores announced that Doug Baker, who has been president and chief merchandising officer for dd's Discounts since 2011, is leaving the company. The company did not site a specific reason for his departure but did say that senior merchandising executives at the discount chain will report to Executive Chairman Michael Balmuth as the company looks for someone to fill the position. Press release

Sears announced that Ronald Boire will take over as president and CEO of Sears Canada, after acting in the role for the struggling business since October 15, 2014. Boire was previously executive VP, chief merchandising officer and president of Sears and Kmart for the company's U.S. operations. Boire brings experience from a wide array of executive retail positions to his new role. Before joining Sears in 2012 he was president and CEO at Brookstone starting in 2009, and before that served as president, North America for Toys R Us. From 2003 to 2006, he was executive VP, global merchandise manager at Best Buy, and previously spent 17 years at Sony Electronics in various senior roles. Story

> Sports Authority has named Ron Stoupa as executive VP and chief marketing officer. In the new role, he will be tasked with leading the strategic development and oversight of the company's marketing plans to build out the Sports Authority brand. Before joining the company, Stoupa was CMO at auto parts and service retailer Pep Boys. While serving in that role, he oversaw the repositioning of the brand, which had been in place for more than 90 years, and took the lead in all areas of marketing, including strategy, CRM and creative. Before Pep Boys, he also held marketing positions at organizations including Bass Pro Shops and Black and Decker. Story

 

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