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Who's in:
- George Granoff was named CEO of Tweeter Newco LLC, the acquirer of the assets of Tweeter Home Entertainment Group Inc., which filed for bankruptcy protection in June. Granoff's retail experience includes stints with: Ames Department Stores (president and COO), Bradlees (president and COO) and Party City (COO). Schultze Asset Management LLC is betting he has the juice to turn around the electronics business. The news came days after ex-CEO Joe McGuire resigned. (See below.)
- Shoring up all around, AnnTaylor Stores Corp. added Robert Luzzi as the company's chief marketing officer. His retail trail includes tenures at New York & Co. (chief marketing officer/creative director) and Estee Lauder Inc. The retailer also named former GTCR Golder Rauner LLC COO Daniel Yih to its board. Dogged by profit declines, the company is reportedly going after a new customer: "the modern boomer."
- In endless pursuit of the ideal online advertising model, Web-based video site Revver Inc. tapped Marc Hernandez as VP of advertising sales from online ad network Tribal Fusion, while AdBrite CEO and former Shopping.com president Iggy Fanl joined online ad server Yodle Inc.'s advisory board.
- Former Northwest Airlines Corp. head Richard Anderson took the CEO spot at Delta Air Lines Inc., but the company isn't likely to pursue a merger with his former employer.
Who's out:
- Dow Jones & Co.'s vice president Paul Ingrassia unveiled plans to leave the company Aug. 20, telling Reuters he didn't foresee an "appropriate place" for himself in the company. The Wall Street Journal publisher was sold to Rupert Murdoch's News Corp. Aug. 1.
- Tweeter CEO Joe McGuire resigned Aug. 20.
- Subprime mortgage lender, Accredited Home Lenders Holding Co., currently suing agreed-to acquirer Lone Star Fund V LP to push through its $400 million buyout, said in a regulatory filing its CFO John Buchanan will resign effective Aug. 31.
- Taiwanese hardware maker Quanta Computer Inc.'s chief executive Michael Wang reportedly quit over strategy Aug. 24, a move that sent its shares up.
- Houston oil services provider Hercules Offshore Inc.'s senior vice president of planning and corporate development steps down Aug. 31. The news comes nearly three months after the acquisitive buyer won regulatory approval for its $2.3 billion deal for peer Todco. Perhaps it is time for the weary to rest.
- Virgin Media CEO Steve Burch quit Aug. 21, possibly increasing the likelihood the cabler will be sold.
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