Checkpoint Chooses Permanent CEO

On Monday, Checkpoint Systems (NYSE: CKP  ) announced that it has made George Babich's job as interim president and chief executive officer official. Effective immediately, he's the company's new permanent CEO.

Babich, a former president and chief financial officer of Pep Boys, has served on the Board of Directors of Checkpoint since 2006, and has been interim president and CEO since May 2012. In confirming him in the CEO's post, Checkpoint Chairman of the Board Bill Antle praised Babich's performance, noting that since Babich took over, "Checkpoint's strategic direction has been redefined, its organization right-sized to match present economic conditions, and a rigorous series of programs put in place to cut costs and improve performance." The company said that during Babich's interim leadeship, "Checkpoint adjusted its business strategy, broadening its value proposition as a shrink management company to be a provider of inventory management solutions that give retailers insight into the availability of merchandise in their stores."

Over the two reported quarters in which he has been at the helm, Babich has helped grow the company's revenues by about 16%, and cut Checkpoint's quarterly losses in half.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2236004, ~/Articles/ArticleHandler.aspx, 9/22/2014 12:25:17 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement