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Cinema advertising company $NCMI said Katie Scherping, previously CEO of Quiznos, has been named as CFO, effective Aug. 11. Scherping will also be CFO of National CineMedia, LLC. Co-interim CFOs, David Oddo and Jeffrey Cabot, will transition into other roles, namely Oddo will be Treasurer and SVP of Finance and Cabot will be SVP and Controller.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.