Hub Group receives award from Sears Holdings
Freight transportation provider Hub Group is the recipient of Sears Holdings’ Partners in Transformation award, the Oak Brook, Illinois-based company announced Friday.
"Hub Group has been a proud transportation provider for Sears Holdings since 1990," Hub Group chairman and CEO David P. Yeager said. "It is an honor to receive this award and it has been a pleasure to watch our relationship grow steadily from hard work and dedication on both sides."
The award is given to Sears Holdings suppliers who help the company grow in integrated retail. This year, fewer than 150 of Sears Holdings’ 30,000 suppliers were named as awardees.
"These awards recognize our top-performing suppliers as true partners that support our transformation in becoming a leader in integrated retail," Sears Holding chairman and CEO Edward S. Lampert said. "Through our continued collaboration, we will be able to more effectively leverage the breadth of our portfolio and the power of our brands to better meet the needs of our Shop Your Way members."
Newell Rubbermaid CFO resigns
Newell Rubbermaid’s EVP and CFO Doug Martin has put in his notice and is moving on to life with a new — and undisclosed — company.
"On behalf of the board of directors and the entire company, I want to thank Doug for his invaluable contributions and leadership over 27 years of service with Newell Rubbermaid," said president and CEO Michael Polk. "During the last two years as CFO, Doug has been instrumental in driving the Growth Game Plan into action. I know Doug and his family are excited by returning home to their extended family in the Midwest and I wish him continued success in his future endeavors."
Martin will officially resign from his role Aug. 31, 2014. Newell Rubbermaid’s Spencer Stuart will choose his successor, for which a search is currently underway. EVP, general counsel, corporate secretary and EMEA leader John Stipancich has been named the interim CFO.
Stipancich has been with Newell Rubbermaid for 10 years and currently maintains responsibility for the company’s operations in Europe, the Middle East and Africa, as well as its global legal functions.