• ITVI.USA
    15,379.620
    -113.610
    -0.7%
  • OTLT.USA
    2.786
    -0.021
    -0.7%
  • OTRI.USA
    21.500
    -0.060
    -0.3%
  • OTVI.USA
    15,349.750
    -127.770
    -0.8%
  • TSTOPVRPM.ATLPHL
    3.300
    -0.240
    -6.8%
  • TSTOPVRPM.CHIATL
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  • TSTOPVRPM.DALLAX
    1.440
    0.000
    0%
  • TSTOPVRPM.LAXDAL
    3.310
    0.060
    1.8%
  • TSTOPVRPM.PHLCHI
    2.150
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    3.950
    -0.100
    -2.5%
  • WAIT.USA
    126.000
    1.000
    0.8%
  • ITVI.USA
    15,379.620
    -113.610
    -0.7%
  • OTLT.USA
    2.786
    -0.021
    -0.7%
  • OTRI.USA
    21.500
    -0.060
    -0.3%
  • OTVI.USA
    15,349.750
    -127.770
    -0.8%
  • TSTOPVRPM.ATLPHL
    3.300
    -0.240
    -6.8%
  • TSTOPVRPM.CHIATL
    2.950
    -0.020
    -0.7%
  • TSTOPVRPM.DALLAX
    1.440
    0.000
    0%
  • TSTOPVRPM.LAXDAL
    3.310
    0.060
    1.8%
  • TSTOPVRPM.PHLCHI
    2.150
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    3.950
    -0.100
    -2.5%
  • WAIT.USA
    126.000
    1.000
    0.8%
American Shipper

Former Safeway exec named to head Michaels chain

Former Safeway exec named to head Michaels chain

Brian C. Cornell, executive vice president and chief marketing officer at California-based grocer Safeway Inc. for the past three years, has been named chief executive of Irving, Texas-based crafts giant Michaels Stores Inc.

   The appointment comes just eight months after the arts and crafts retailer was taken private in a $6 billion buyout by private equity firms Bain Capital and the Blackstone Group.

   A key player in Safeway’s “Ingredients for Life” brand repositioning, new lifestyle store format and the introduction of private-label brands, Cornell, 48, was also key in the revitalization of the firm's Tom Thumb and Randall’s chains.

   Cornell joins the $3.87 billion-a-year Michaels just as the firm has begun its first national TV, radio and print campaigns and launched a partnership with Martha Stewart to sell a line of craft paper.

   Michaels operates 930 of its name-branded stores as well as 168 Aaron Brothers framing stores and 11 Recollections stores.

   Previously, Cornell was president of Pepsi-Cola North America’s Foodservice Division and senior vice president of sales for Pepsi-Cola North America. Prior to that, he was regional president of PepsiCo Beverages International’s European and African business and president of Tropicana Products International in Brussels, Belgium.

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