Union, N.J. — Bed Bath & Beyond Inc. has made a number of key senior management changes in connection with its ongoing business transformation, promoting three people to president/COO, chief administrative officer and CFO.
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Denver — Chipotle Mexican Grill plans to relocate its headquarters, currently in Denver, to Newport Beach, Calif. Functions within the current Denver office will either be consolidated in Chipotle’s existing office in Columbus, Ohio, or moved to the new headquarters in Newport Beach.
Mooresville, N.C. — Lowe’s Companies, Inc. has named Marvin R. Ellison as president and CEO, effective July 2, 2018. He will also join Lowe’s board of directors at that time. Ellison succeeds Robert A. Niblock, who previously announced his intention to retire. The Lowe’s board has also appointed Richard W. Dreiling, a director of Lowe’s since 2012, as chairman, effective July 2, 2018.
Alexandria, Va. — Fransmart, the leading global franchise developer behind the explosive growth of The Halal Guys and Five Guys Burgers & Fries, has brought on industry veteran Michael D’Arezzo. As part of the Fransmart team, D’Arezzo will assist Fransmart’s founder and president, Dan Rowe, in developing and growing the company’s existing portfolio of emerging restaurant brands.
Cincinnati — Macy’s, Inc. has appointed Paula A. Price as chief financial officer, effective July 9, 2018. She will succeed Karen Hoguet, who plans to retire at the end of the 2018 fiscal year. Hoguet will remain with Macy’s in an advisory role until February 2, 2019.
Louisville, Ky. — Long John Silver’s, the nation’s largest quick-service seafood company, has acquired 76 LJS restaurants owned by ServUS, located primarily in Indiana. ServUS is owned by veteran franchisee Bob Ruckriegel who opened the third Long John Silver’s restaurant in 1969. Financial terms were not released.