Company continues preparations to operate as a more focused,
efficient grocery business
MINNEAPOLIS--(BUSINESS WIRE)--Mar. 4, 2013--
SUPERVALU (NYSE: SVU) today announced several changes to its executive
and banner retail leadership teams, as it continues preparations to move
forward with a focus on serving wholesale grocery operators, growing its
hard discount format and running a smaller, more efficient retail
operation following the close of its previously announced transaction
with AB Acquisition LLC. That transaction is expected to be completed
the week of March 18, 2013.
Today’s announcement includes additions to SUPERVALU’s corporate
leadership team as well as new presidents at Save-A-Lot and Shop ‘N
Save. There will be additional announcements in the coming weeks as new
president and chief executive officer Sam Duncan continues to finalize
his leadership team.
Corporate Leadership Changes
Mark Van Buskirk has been named executive vice president,
merchandising and marketing for SUPERVALU, where he will be responsible
for overseeing companywide retail merchandising and marketing efforts,
along with directing SUPERVALU’s private brand offerings and retail
pharmacy teams. He spent the past 20 years in leadership positions with
Kroger, most recently serving as vice president, meat and seafood
merchandising and procurement.
Rob Woseth has been named executive vice president, chief
strategy officer. In addition to overseeing real estate and corporate
development, Woseth will focus on identifying strategic growth
opportunities that support independent grocers, as well as working with
banner leadership to build and maximize the company’s traditional and
discount retail businesses. He spent the past 10 years in business
development, strategy and leadership positions with Albertsons Inc. and
Steve Fox has joined SUPERVALU in the role of senior vice
president, food merchandising, reporting to Van Buskirk. He comes to
SUPERVALU after spending 41 years in retail leadership positions with
Fred Meyer, a division of Kroger. During his tenure with Fred Meyer, Fox
spent 10 years as vice president of produce merchandising/procurement
and 11 years as vice president of grocery merchandising/procurement.
All three appointments are effective immediately.
Casteel Named President and CEO at Save-A-Lot
Duncan also announced a leadership change at the company’s hard discount
retail chain, appointing Ritchie Casteel as president and CEO of
Save-A-Lot, effective immediately. Ritchie has more than 40 years of
experience in retail, including over 30 years in a variety of leadership
positions with the original Albertsons Inc, where he finished his tenure
as vice president of operations for Albertsons’ Intermountain West
Casteel also served as director of sales and operations for Grocery
Outlet from 2005-2009 where he worked closely with independent owner
operators to improve sales, margin, shrink, marketing, expense controls
and financial balance. Casteel replaces Santiago Roces who will remain
with the company over the next several weeks to assist Casteel in
ensuring a smooth and efficient transition.
Banner Presidents Announced
Following the transaction, SUPERVALU will retain five strong regional
retail banners: CUB Foods based in Minnesota; Hornbacher’s in North
Dakota; Farm Fresh in Virginia; Shop ‘N Save in St. Louis; and Shoppers
in Baltimore/Washington DC. Together these banners operate 191
traditional retail grocery stores and represent slightly more than 25
percent of the company’s anticipated revenues after the banner sale is
complete. The five banner presidents will report directly to Duncan and
serve on his leadership team.
Those appointments include:
Eric Hymas has been named president of Shop ‘N Save, replacing
Marlene Gebhard who will remain with the company over the next several
weeks to assist Hymas in ensuring a smooth and efficient transition.
Hymas most recently served as senior vice president of merchandising
for SUPERVALU, which included responsibility for all categories across
center store, as well as beverages, fuel and convenience, and fresh
departments. Hymas has more than 30 years of experience in grocery
retail having started his career in an Albertsons store in Idaho
Bill Parker has been named president, Farm Fresh, after serving
for the past seven months in the role of interim president. His
appointment is effective immediately.
Brian Audette will continue as president of CUB Foods.
Matt Leiseth will continue as president of Hornbacher’s.
Bob Bly will continue as president of Shoppers.
Commenting on today’s announcement Duncan said, “We have much work to
do, both today, and after the transaction closes, but I am pleased with
the new leadership team we are assembling and know together we will work
tirelessly to improve our business and increase shareholder value. I am
energized by what I have seen every day and believe this company will be
successful going forward.”
Departures from SUPERVALU
Duncan will name additional members of his leadership team in the near
future. Today’s announcement also includes news of several current
executives who will depart the company upon completion of the
transaction. They include:
Kevin Holt – president, SUPERVALU Retail
Tim Lowe – executive vice president, merchandising
Michael Moore – executive vice president and chief marketing officer
“I thank Kevin for his leadership over our retail teams, as well as Tim
and Michael for the work they have done leading our retail merchandising
and marketing efforts, respectively,” said Duncan. “They have helped
ready the business for the future and I appreciate all they have done to
ensure a smooth transition. I wish each of them well with their future
About SUPERVALU INC.
SUPERVALU INC. is one of the largest companies in the U.S. grocery
channel with annual sales of approximately $35 billion. SUPERVALU serves
customers across the United States through a network of approximately
4,350 stores composed of 1,068 traditional retail stores, including 778
in-store pharmacies; 1,329 Save-A-Lot stores, of which 946 are operated
by licensee owners; and 1,950 independent stores serviced primarily by
the Company's food distribution business. SUPERVALU has approximately
125,000 employees. For more information about SUPERVALU visit www.supervalu.com.
CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE
PURPOSE OF “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION
REFORM ACT OF 1995.
Except for the historical and factual information contained herein,
the matters set forth in this news release, particularly those
pertaining to SUPERVALU’s expectations, guidance, or future operating
results, and other statements identified by words such as "estimates,"
"expects," "projects," "plans," and similar expressions are
forward-looking statements within the meaning of the "safe harbor"
provisions of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are subject to risks and uncertainties
that may cause actual results to differ materially, including
competition, ability to execute initiatives, substantial indebtedness,
impact of economic conditions, labor relations issues, escalating costs
of providing employee benefits, regulatory matters, food and drug safety
issues, self-insurance, legal and administrative proceedings,
information technology, severe weather, natural disasters and adverse
climate changes, the continuing review of goodwill and other intangible
assets, accounting matters and other risk factors relating to our
business or industry as detailed from time to time in SUPERVALU's
reports filed with the SEC. You should not place undue reliance
on these forward-looking statements, which speak only as of the date of
this news release. Unless legally required, SUPERVALU undertakes
no obligation to update or revise publicly any forward-looking
statements, whether as a result of new information, future events or
Source: SUPERVALU Inc.
Mike Siemienas, 952-828-4245