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|SUPERVALU Announces Results of Shareholder Votes at Annual Meeting|
MINNEAPOLIS--(BUSINESS WIRE)--June 26, 2008--SUPERVALU INC. (NYSE: SVU) today announced that its shareholders, at the Company's Annual Meeting of Shareholders, elected the following individuals for a three-year term expiring in 2011: Gary Ames, Philip L. Francis, Edwin C. Gage, Garnett L. Keith, Jr., and Marissa T. Peterson to the Board of Directors. The SUPERVALU board currently consists of 14 members, all of whom are independent with the exception of Jeffrey Noddle, Chairman and Chief Executive Officer.
During the annual meeting shareholders also ratified the appointment of KPMG LLP as the company's independent auditors for fiscal 2009, voted down the proposal for a report on controlled-atmosphere killing and approved a proposal to eliminate the company's current classified board structure in favor of annual election of all directors.
The final results will be certified by the independent election inspectors and posted on SUPERVALU's Web site (www.supervalu.com). They will also be reported in SUPERVALU's Report on Form 10-Q for the first quarter of the fiscal year.
SUPERVALU is one of the largest companies in the United States grocery channel with annual sales of approximately $44 billion. SUPERVALU holds leading market share positions across the United States with its approximately 2,475 retail grocery locations. Through SUPERVALU's nationwide supply chain network, the company provides distribution and related logistics support services to more than 5,000 grocery retail endpoints across the country, including SUPERVALU's own retail store network. SUPERVALU currently has approximately 192,000 employees. For more information about SUPERVALU visit http://www.supervalu.com.CONTACT: SUPERVALU INC.
Investors and Financial Media:
David Oliver, 952-828-4540
General and Trade Media:
Haley Meyer, 952-828-4786
SOURCE: SUPERVALU INC.