Welcome to this week's Chutes & Ladders, our roundup of hirings and firings throughout the industry. Please send the good word—or the bad—from your shop to Drew Woolley at [email protected] and we will feature it here at the end of each week.
> Tesco chairman Richard Broadbent announced he will step down after it was discovered that an accounting error contributing to falling profits went back further than expected. An independent investigation by Deloitte accountants found that the company's profit forecast for the six months ending August 23 had been overstated by more than £250 million, an error that now appears to go back to before 2013. Story
> Eyewear giant Luxottica Group announced Procter & Gamble executive Adil Mehboob-Khan to the post of co-CEO. After Roger Abravanel's resignation last week, independent director Marco Mangiagalli was also named as a member of the human resources committee. Mehboob-Khan's new role will be effective Oct. 29, when the board meets to approve and release quarterly results. Massimo Vian is expected to be named as the company's interim CEO at that meeting until Mehboob-Khan joins in January. Story
> Gilt.com named Clay Cowan as its new CMO, overseeing global strategy, management and revenue for all digital channels. He joins the online retailer from the Starwood Hotels and Resorts global digital business team, where he was responsible for nine global brands and Starwood's SPG loyalty program. Before that, he was VP e-commerce and digital marketing at Sports Authority, and spent several years at McKinsey & Co. Press release
> Home Depot has expanded operations executive Marc Powers' role to EVP of U.S. stores as the retailer continues its leadership transformation. Powers worked his way from the ground up, having joined the company in 1986 as an hourly employee and working through roles as store manager, district manager and regional VP in his 28 year tenure. His new role will give him responsibility for the company's three U.S. operating divisions and Pro, Tool Rental and installation businesses. Press release
> Video and e-commerce retailer QVC announced the promotion of Mary Campbell to the position of executive VP, U.S. commerce platforms. She was previously responsible for guiding the strategic direction of the company's TV, Web, mobile, tablet and social, and translating the brand across platforms. Campbell joined QVC in 1991 and has held several leadership roles in merchandising, planning and commerce platforms. Press release
> Walgreens announced the retirement of two veteran executives in John Spina, corporate VP expense optimization, and Don Huonker, COO, both of whom will retire at the end of the month. Spina joined Walgreens in 1979 as a store clerk and moved through various management roles before joining the corporate offices in 2003. Huonker began his Walgreens career in 1995 as a pharmacist and management trainee, eventually joining the corporate office in 2001. In 2007, he was promoted to SVP pharmacy services, and later to SVP healthcare innovation. Story
> Walmart has appointed Murali Lanka as COO of its Indian subsidiary as the retailer revamps its operations in the country. Lanka is currently a general manager in Texas and will report to Krish Iyer, CEO of Walmart India, effective Dec. 1. The move will mark a return to Walmart India for Lanka, who has been with the company since 1989 and helped manage wholesale operations in India in an earlier position. Story