Famous Dave’s CEO ends long commute; also: Mosaic accused of price-fixing; Cub, Xcel go for energy efficiency

With gas prices what they are, some commuters have been reevaluating their work arrangements lately. But try this: Famous Dave‘s CEO Wilson Craft has stepped down after just five months on the job, citing his long commute to Minneapolis … from Atlanta. It sounds like fuel prices weren’t the issue. The company’s statement said Craft decided the commute wasn’t in the best interest of his family.

More Famous Dave’s: The company named COO Christopher O’Donnell as its new chief executive. One analyst tells the Star Tribune that the leadership change will send a red flag to investors, but there’s nothing fundamentally wrong with the company. The Pioneer Press notes that it’s facing the same problems as other restaurants: Food prices are rising while the public is eating out less often.

A Minnesota company is accused of conspiring to drive up the price of a key ingredient in fertilizer, the Star Tribune reports. Mosaic is the world’s largest producer of potash, a mineral that is mined for use in fertilizer. The lawsuit was filed in federal court by a Sanborn, Minn., company called Minn-Chem Inc., which recently stopped manufacturing fertilizer because of rising prices. A similar case was dismissed in 1993.

Cub Foods is wrapping up construction of its first LEED-Gold-certified store on St. Paul’s East Side, Finance and Commerce reports. The building is made in part with recycled materials and it uses the latest energy-efficient lighting. Meanwhile, Xcel Energy is testing LED streetlights, the Pioneer Press reports. The lights use up to 50 percent less electricity and last 15 to 25 years.

Do you have an inside scoop or news tip about a Minnesota company? Spotted something interesting in your RSS reader? Drop Business Agenda a note at dhaugen [at] minnpost [dot] com.

No comments yet

Leave a Reply