OfficeMax Chief Financial Officer Bruce Besanko will leave Aug. 6 to become CFO at SUPERVALU. Deb O'Connor, OfficeMax's senior vice president of finance and chief accounting officer, will become interim CFO.
Wal-Mart Stores' founding family is edging into the financial industry with an investment in Progress Financial, an institution that targets Hispanic consumers who don't have a bank account. Borrowers receive loans on a purchase card, which they can use as a debit card. Progress Financial has lent $550 million since 2006.