More.com
This article was originally published in The Tan Sheet
Executive Summary
Eckerd CEO Frank Newman to CEO of health, wellness and beauty Web site effective April 1. Newman will succeed co-founder Don Kendall, who will become chairman of the board. Under Newman, Eckerd grew from 1,700 stores and $3.9 bil. in sales to 2,900 locations and $12.4 bil. in sales. Newman also steps down as NACDS chairman; Happy Harry's CEO Alan Levin is acting chairman. More.com's business expansion plan includes focusing $86.3 mil. toward rebuilding its Web site
Eckerd CEO Frank Newman to CEO of health, wellness and beauty Web site effective April 1. Newman will succeed co-founder Don Kendall, who will become chairman of the board. Under Newman, Eckerd grew from 1,700 stores and $3.9 bil. in sales to 2,900 locations and $12.4 bil. in sales. Newman also steps down as NACDS chairman; Happy Harry's CEO Alan Levin is acting chairman. More.com's business expansion plan includes focusing $86.3 mil. toward rebuilding its Web site. |