Stanley Black & Decker names new corporate executive officer
The board of directors of Stanley Black & Decker has announced that Rhonda Gass, chief information officer, has been named an executive officer of the corporation.
Gass joined Stanley Black & Decker as CIO in September. She most recently served as VP IT strategy, technology and governance for Dell Corp.
"We are pleased to welcome Rhonda to our executive officer ranks, and are looking forward to the contributions that she will make as she leads the team to drive breakthrough advancements aimed at delivering innovative technologies for our customers, consumers and employees," said John Lundgren, president and CEO. "Rhonda’s proven experience, leadership qualities and passion for excellence, combined with her technological expertise, will serve the organization well into the future.”
Her experience includes creating and implementing an Enterprise Architecture strategy, overseeing a Project Management Office, executing due diligence and integration activities for acquisitions, as well as leading the IT systems and structure for world-class supply chain operations.
As chief information officer, Gass will be responsible for all aspects of the company’s information technology activities, including IT strategy, the Stanley Fulfillment System’s (SFS) Common Platforms initiative, Web and e-commerce development, technology infrastructure and operations.
Sears Holdings approves spinoff of Canada business
Sears Holdings’ board of directors has approved the previously announced spinoff of a portion of its interest in Sears Canada Inc.
Sears Holdings, which currently owns approximately 95.5% of the issued and outstanding common shares of Sears Canada, will distribute approximately 44.5% of the total issued and outstanding common shares of Sears Canada on a pro rata basis to holders of Sears Holdings common stock such that Sears Holdings will retain an ownership interest of approximately 51% in Sears Canada. The distribution will be made on Nov. 13, 2012 to Sears Holdings’ stockholders of record as of the close of business on Nov. 1, 2012, the record date for the partial spin-off.
Following the distribution, Sears Holdings will continue to be listed on the NASDAQ Global Select Market under the symbol "SHLD," and Sears Canada will continue to be listed on the Toronto Stock Exchange (the "TSX") under the symbol "SCC."
Readers Respond: Paint and primer in one
A manufacturer weighs in on the paint-and-primer-in-one trend. He asks: “Don’t customers deserve a clear message?”
"After reading the above noted article, I am compelled to relay the truth as a manufacturer for honesty to independents and to keep industry media current on technology.
"The article says: ‘Independent retailers were divided on the issue’ of self-priming paint technology and messaging and let me say the sentiment has never been more pronounced! To keep pace with this marketing trend started by the big box, independents are forced to adopt this product. Unfortunately this pressures them to also relay the convoluted description of its performance to customers. With the influx of countless cleverly worded paint-and-primer products, understanding the difference between ‘One-Can’ paint and a ‘One-Coat’ paint is lost at the expense of retailer and customer time and money.
"A true, one-coat paint means exactly this: never a primer or second coat but a single application to achieve a finished result over any surface, prepared or unprepared.
“ ‘Big Paint’ companies have been manipulating independents and customers through the toughest economy in generations. Paint-and-primer products abuse misdirection through the fantasy of a true ‘one-coat’ capability but rely on multiple coats for a finished result, which is no different to conventional paint. They simply retail for more money and are quietly generating a massive material and energy waste system that nobody is talking about. Every paint-and-primer or self-priming paint is a ‘one-can’ product and nothing more. Don’t customers deserve a clear message?
"The true value in paint technology advancement today must be a product that cuts labor and material costs to the absolute minimum simultaneously preventing the maximum in wastes through raw material extraction, production and usage. Only this aligns with the economic and environmental objectives of today’s customer. When this reality is digested there is no going back for the unprecedented incentive is too great. It’s time to change the way the world thinks about paint by recalibrating its relationship with people.
"If we are to break this movement that carries a casual responsibility to customers and our natural resources, independents must lead the market and hold manufacturers accountable for the paint they produce and more importantly their messaging."
— Tony Margani
VP sales and marketing