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Business Briefs

Reported by Star-Bulletin staff & wire

Tuesday, February 20, 2001

New Maui Home Depot taking applications

The new Home Depot store on Maui, set to open in late spring, will start taking applications Saturday for 135 jobs, at a hiring trailer outside the nearly finished store in the Maui Business Park in Kahului. Home Depot said today it already has promoted 11 persons from the Iwilei store to department supervisor positions on Maui. The company named Jessi M. Holguin to manage the Maui store, which has 130,500 square feet of retail space plus a 20,000-square-foot garden department. She has been an assistant manager at the Iwilei store since it opened in September 1993. She joined Home Depot in 1993 as a parking attendant and quickly moved into sales and to supervisory work in two Arizona stores.

Meanwhile, the parent company said today that fiscal fourth-quarter net fell 20 percent after it cut lumber prices and consumers spent less. Net income fell to $465 million, or 20 cents a share, from $578 million, or 25 cents, a year earlier.

Northwest CEO quits to join Burger King

MINNEAPOLIS -- John H. Dasburg is stepping down as president and CEO of Northwest Airlines Corp. to return to the restaurant industry as the head of Burger King Corp. Richard H. Anderson, a 10-year Northwest veteran and current executive vice president and chief operating officer, will succeed Dasburg as CEO, the airline said. Douglas M. Steenland, executive vice president and chief corporate officer, will become president of Eagan, Minn.-based Northwest. Dasburg, 58, will formally resign from Northwest on April 1, when he will become chairman, CEO and president of Burger King. Before coming to Northwest, Dasburg was executive vice president of Marriott Corp. and president of Marriott's Lodging Group.

In other news . . .

BENTONVILLE, Ark. -- Wal-Mart Stores Inc. said fiscal fourth-quarter earnings rose 4.5 percent, the smallest gain in almost five years, as the slowing economy and a disappointing holiday season curbed sales and profit. Net income rose to $2 billion, or 45 cents a share, from $1.92 billion, or 43 cents, a year earlier.