Shopko promotes Jones to ceo
March 26, 2009-- Home Textiles Today,
Green Bay, Wis. – Shopko’s ceo Michael MacDonald will leave the company to pursue another career opportunity. His last day is April 3.
To replace him, the $2.2 billion privately owned retailer, which operates 135 stores in 13 Midwest, Mountain and Pacific Northwest states, is promoting W. Paul Jones, president and chief merchandising officer, as the new ceo. His new titled becomes effective April 6.
Jones joined the regional discount store chain in November 2007 after a 20-year career with senior leadership roles in at May Department Stores, Kohl's and Sears.
Since joining Shopko, Jones has “successfully implemented an entirely new merchandising strategy based on differentiated brands and strong promotional values,” the company said.
"We appreciate the foundation Mike MacDonald has laid for Shopko's future growth,” said Scott King, senior managing director for Sun Capital, Shopko's majority shareholder. “We are also ecstatic to have a creative merchant and strong leader like Paul Jones to lead Shopko's talented management team in the years to come. Paul's entry into the company has been positively transformational. I have every confidence that the upcoming leadership transition will be seamless."
Added Jones: "Shopko is blessed with many assets and many more opportunities. We also have a strong and capable management team that is dedicated to maximizing those opportunities. I am truly excited about the road that lies ahead for Shopko."