MINNEAPOLIS--(BUSINESS WIRE)--Apr. 3, 2013--
SUPERVALU Inc. (NYSE: SVU) today announced changes at the senior level
as Sam Duncan, SUPERVALU’s president and chief executive officer,
finalizes his executive leadership team.
Sherry Smith, executive vice president and chief financial
officer, will leave the company at the end of May. Smith has served as
the company’s CFO since her appointment in December 2010. She has spent
26 years with SUPERVALU and previously served as senior vice president,
finance. The company plans to announce a new CFO at a later date.
Karla Robertson has been named executive vice president for
legal, effective immediately. She replaces Todd Sheldon,
executive vice president, general counsel and corporate secretary, who
will stay through May to assist the company in the completion of its
fiscal 2013 year-end filings. At that time, Robertson will assume the
additional roles and responsibilities held by Sheldon, including the
title of executive vice president, general counsel and corporate
secretary. In this role, Robertson will have responsibility for
overseeing the legal, risk management and asset protection teams for the
company as well as working closely with SUPERVALU’s non-executive
chairman, Robert Miller, and the company’s 11-person board of directors.
Robertson joined SUPERVALU in July 2009 as senior labor and employment
counsel and was later promoted to vice president of the employment,
compensation and benefits law functions. Prior to SUPERVALU, Robertson
served as senior counsel with Target Corporation and was an associate
attorney at Faegre & Benson LLP, where she practiced in both the
employment and business litigation areas.
“Sherry and Todd worked tirelessly to help structure the deal with AB
Acquisition and then see the transaction through to completion,” said
Duncan. “I am grateful for their commitment to this company and our
shareholders and know they helped put us in a strong position to be
successful going forward. I wish them both the best in their future
About SUPERVALU Inc.
SUPERVALU Inc. is one of the largest grocery wholesalers and retailers
in the U.S. with annual sales of approximately $17 billion. SUPERVALU
serves customers across the United States through a network of
approximately 3,470 stores composed of 1,950 independent stores serviced
primarily by the Company’s food distribution business, 1,331 Save-A-Lot
stores, of which 950 are operated by licensee owners; and 191
traditional retail grocery stores. Headquartered in Minnesota, SUPERVALU
has approximately 35,000 employees. For more information about SUPERVALU
Source: SUPERVALU Inc.
Mike Siemienas, 952-828-4245