Petco Health And Wellness Says Chairman, CEO And Director Ron Coughlin Steps Down

RTTNews | 933 hari yang lalu
Petco Health And Wellness Says Chairman, CEO And Director Ron Coughlin Steps Down

(RTTNews) - Petco Health and Wellness Co., Inc. (WOOF) announced Wednesday the Company's Board of Directors has appointed Michael Mohan to serve as Interim Chief Executive Officer, effective today.

Ron Coughlin has stepped down as Petco's Chairman, CEO and member of the Board of Directors. He will serve as an advisor to the Board to support the leadership transition.

The Board is conducting a comprehensive search for a permanent CEO with the support of a leading global executive search firm.

Mohan has been a member of Petco's Board of Directors since March 2021 and served as Lead Independent Director since July 2021. He also served on the Audit Committee until his appointment as Petco's Interim CEO. Previously, Mohan served as President and Chief Operating Officer of Best Buy Co., Inc. from June 2019 to July 2021

From 2004 to June 2019, he served in various leadership roles at Best Buy, overseeing services, customer experience, category management, merchandising, marketing and supply chain functions. Prior to joining Best Buy, Mr. Mohan was Vice President and General Merchandising Manager for Good Guys.

Mohan also previously worked at Future Shop in Canada from 1988 to 1997, prior to Best Buy's acquisition of the company, where he served in various merchandising roles.

In conjunction with his appointment, Mohan stepped down from the Board's Audit Committee and has been replaced by current Board member Gary Biggs, and also stepped down from the Lead Independent Director role. The Board size has also been reduced from 11 to 10 with Coughlin's departure from the Board of Directors.

baca selengkapnya
Swiss Market Ends On Firm Note

Swiss Market Ends On Firm Note

Save for a few minutes at the start, the Switzerland market's benchmark index SMI stayed positive on Friday as lower oil prices and bond yields helped underpin sentiment. Additionally, weaker than expected jobs data from the U.S. has somewhat reduced the likelihood of the Federal Reserve raising interest rates at its next meeting later this month.
RTTNews | 4 jam 46 menit yang lalu
Canadian Market Remains Firmly Up In Positive Territory

Canadian Market Remains Firmly Up In Positive Territory

The Canadian market is up firmly in positive territory around noon on Friday thanks to weak oil prices and lower bond yields aiding sentiment. Additionally, weaker than expected jobs data from the U.S. has somewhat reduced the likelihood of the Federal Reserve raising interest rates at its next meeting later this month.
RTTNews | 6 jam 28 menit yang lalu
U.S. Factory Orders Inch Up In Line With Estimates In August

U.S. Factory Orders Inch Up In Line With Estimates In August

A report released by the Commerce Department on Friday showed a slight uptick in new orders for U.S. manufactured goods in the month of August. The Commerce Department said factory orders crept up by 0.1 percent in August after climbing by a downwardly revised 0.8 percent in July.
RTTNews | 8 jam 34 menit yang lalu
U.S. Employment Rises By 29,000 Jobs In September, Much Less Than Expected

U.S. Employment Rises By 29,000 Jobs In September, Much Less Than Expected

The Labor Department released a closely watched report on Friday showing employment in the U.S. increased by much less than expected in the month of September. The report said non-farm payroll employment rose by 29,000 jobs in September after jumping by a downwardly revised 133,000 jobs in August. Economists had expected employment to increase by 85,000 jobs.
RTTNews | 9 jam 1 menit yang lalu
Euro Slides Against Majors

Euro Slides Against Majors

The euro weakened against other major currencies in the European session on Friday.
RTTNews | 9 jam 35 menit yang lalu
Walmart Recalls Over 4.4 Mln Grill Brushes For Ingestion Risk

Walmart Recalls Over 4.4 Mln Grill Brushes For Ingestion Risk

Retail giant Walmart Inc. is recalling around 4.478 million units of metal wire bristle grill brushes, citing risk of ingestion and internal injuries, according to the U.S. Consumer Product safety Commission or CPSC. The recall involves certain Walmart Expert Grill brushes with black plastic or stainless-steel handles. Some brushes come with metal scraper attached.
RTTNews | 9 jam 39 menit yang lalu
Bay Street Headed For Positive Start

Bay Street Headed For Positive Start

Canadian stocks look headed for a positive start on Friday with concerns about inflation and interest rates easing a bit following a sharp drop in oil prices. Bond yields have dropped as well. U.S. non-farm payroll data for the month of September is likely to make an impact on investor sentiment.
RTTNews | 9 jam 57 menit yang lalu