By Lisa Johnston
New products on display at the American International Toy Fair, held in N
Cincinnati — h.h.gregg’s chief administrative officer and former chief financial officer Michael Stout is retiring after 35 years with the company.
Stout served as controller from 1986 to 1987 and was chief financial officer from 1997 to 2005, after which he assumed his current post.
According to an 8-K filing, he will remain with the chain for a brief transitional period. No successor was named.
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.
Petaluma, Calif. — Core Brands, a subsidiary of Nortek, has named Joe Roberts products and marketing VP.
Prior to joining Core Brands, Roberts, a 20-year industry veteran, held executive-level, general management and senior marketing positions at companies including The Learning Company, Broderbund, Corel, eLanguage and others.
He replaces industry veteran Paul Starkey. “We are grateful for Paul’s dedicated service and wish him all the best in his future endeavors,” said Bill Pollock, president of Core Brands.
Portland, Ore. — Steve McNally has joined Electrical Distributing, Inc. (EDI) as executive VP.
McNally is a veteran CE sales executive who has developed sales teams with such major manufacturers as LG Electronics, Sharp and Toshiba.
San Francisco- Dolby Laboratories founder Dr. Ray Dolby died Sept. 12 at his home in San Francisco at age 80.
In 1965, Dolby founded Dolby Laboratories, whose major accomplishments include the development of noise-reduction and surround-sound technologies. He held more than 50 U.S. patents.
“Tens of thousands of films and billions of products and devices with Dolby technologies have made their way to theaters, homes and consumers’ hands around the world,” the company said.
Mooresville, N.C. — Lowe’s has tapped GE’s Michael McDermott for the newly created position of senior VP/ general merchandising manager, building and maintenance.
McDermott most recently served as sales leader-appliances at GE and was also a member of the company’s corporate commercial council.
In his new post, he will be responsible for the lumber and building materials, millwork, hardware and tools, and rough plumbing and electrical divisions, reporting to chief merchandising officer Michael Jones.
Arlington, Va. – The Consumer Electronics Association (CEA) reported that Bob Borchardt, former CEA chairman and Recoton Corporation president/CEO, died today at 75.
Newark, Calif. — Logitech International has hired Vincent Pilette as its new chief financial officer.
Pilette, who reports directly to Logitech president/CEO Bracken Darrell, was previously CFO of Electronics for Imaging. Prior to that Pilette spent 14 years at Hewlett-Packard, holding a variety of finance positions finance VP for HP’s multibillion dollar server, storage and networking business.
Logitech's previous CFO, Erik Bardman, left the company in April to join Roku as its CFO.
Mahwah, N.J. — Longtime industry veteran Jodi Sally has joined Sharp Electronics Marketing Company of America (SEMCA) as the company’s new home entertainment products marketing director.
Sally was most recently marketing VP at Coby, and previously held senior marketing roles at Toshiba and Panasonic.
At Sharp Sally will oversee the product-based marketing of Sharp’s consumer home entertainment portfolio. She will report to Jim Sanduski, SEMCA strategic product marketing VP.
Long Beach, Calif. – Chad Vogelsong, a 17-year JVC veteran, is leaving as marketing GM of JVC’s car entertainment division.
Vogelsong, whose last day is Sept. 6, said he plans to get involved in a new endeavor that he didn’t disclose.