By Lisa Johnston
New products on display at the American International Toy Fair, held in N
New York – Barnes & Noble has eliminated its top CEO slot and created a new one for its Nook Media division.
Ousted was William Lynch, who formally resigned late yesterday as chief executive and from the bookseller’s board.
Filling the new Nook CEO post is former chief financial officer Michael Huseby, who was succeeded by VP and corporate controller Allen Lindstrom.
This TWICE webinar, hosted by senior editor Alan Wolf, will take a look at what may be the hottest CE products at retail that will be sold during the all-important fourth quarter. Top technologies, market strategies and industry trends will be discussed with industry analysts and executives.
Minneapolis — Douglas Dayton, who conceived and led the Target discount store chain in the 1960s, succumbed to cancer on Friday at the age of 88.
Dayton, whose family ran an eponymous Midwest department store chain, developed Target in 1962 to compete within the nascent discount-store channel alongside format forerunners Kmart and Walmart.
He served as president of Target until 1968, when he returned to Dayton to oversee the acquisition and integration of the J.L. Hudson Co., a 21-store Michigan chain.
Long Beach, Calif. — Kenwood Electronics co-founder William Kasuga died July 5. He was 98.
Kasuga, known throughout the industry as Bill, was a member of the Consumer Electronics Hall of Fame and was honored by the Consumer Electronics Association with a Lifetime Achievement Award in 2001. He had stepped down as chairman of Kenwood USA in 1995.
Canton, Mass. — William Reagan, founder of LoJack and inventor of the world’s first commercially available consumer-targeted stolen-vehicle location and recovery system, passed away July 1 at the age of 78.
Reagan patented the LoJack system in 1979 and in 1986 launched it in Massachusetts. The system used a hidden car-mounted transponder and a tracking device operating on a dedicated tracking frequency set aside by the Federal Communications Commission. The tracking device is installed in police cars to track down and recover stolen transponder-equipped cars.
Oxnard, Calif. — Boss International Group, parent company to the Boss Audio Systems, Planet Audio, Sound Storm Laboratories and Nyne brands, announced two new hires on Friday.
Ken Johnson, formerly of Audiovox Electronics, was brought on as senior product manager. His responsibilities include product development with active sourcing of new technologies, in-depth factory audits and in-person visits to factories, Boss International said.
Greenville, Mich. – Gordon Stauffer, the onetime president and co-owner of Fedders Refrigeration, died suddenly on June 14. He was 74.
Stauffer joined the Fedders unit as purchasing director in 1971, was promoted to president/GM in 1975, and bought the division with friend and business partner Jack Goodale in 1978.
The pair renamed the operation Northland, added under-the-counter refrigeration resource Marvel Industries, and sold the business to British range manufacturer AGA in 2003.
Boston — Longtime Sharp Electronics senior exec Bob Scaglione has joined online advertising services firm OwnerIQ as senior VP of strategic channel development.
The company, based here, helps advertisers target online ad messages to consumers based on the products and brands they browse on e-commerce and transactional websites.
In his new role, Scaglione will drive adoption of OwnerIQ’s advertising products among key manufacturers, retailers and buying groups.
Taoyuan, Taiwan — HTC COO Matthew Costello left the company after three years on the job and after five consecutive quarters of revenues that declined at double-digit percentage rates, the company confirmed.
Fred Liu, president of engineering and operations, took on Costello’s responsibilities.