Company announces additional executive role changes and renaming
of Independent Business segment to Wholesale
MINNEAPOLIS--(BUSINESS WIRE)--Apr. 19, 2016--
SUPERVALU INC. (NYSE:SVU) today announced that veteran wholesale
executive James Weidenheimer, 57, has been named to the newly-created
position of Executive Vice President, Corporate Development and Chief
Innovation Officer, reporting to SUPERVALU President and Chief Executive
Officer Mark Gross. Weidenheimer joins the Company after having spent
the last 16 years in senior leadership positions with C&S Wholesale
Grocers. He is expected to start in his new role by April 25, 2016.
In this position, Weidenheimer will work closely with SUPERVALU’s
Wholesale and Retail teams to develop and execute on market
opportunities, including new business development, cross-channel
merchandising and promotions, and integration of logistical/delivery
solutions for key SUPERVALU customers.
“I’m thrilled that Jim will be joining SUPERVALU and serving on our
executive leadership team,” said Gross. “Jim and I have worked together
in different capacities over the past 20 years. Jim has a wealth of
industry knowledge and extensive expertise in procurement, distribution
and logistics and is able to draw on all this experience when
considering how to best structure new offerings for a customer. I’m
confident that he’ll bring instant credibility to this role and
innovation to our business. We believe there are significant
opportunities to grow our business with existing customers and also to
add new ones and Jim will be an excellent addition to help us achieve
Weidenheimer’s background includes serving as Senior Vice President of
Corporate Development for C&S Wholesale Grocers from 2008 to January
2016 when he retired from C&S. Prior to C&S, Weidenheimer served as Vice
President and Chief Financial Officer for the wholesale division of
Richfood Holdings. He holds a bachelor’s degree from the University of
SUPERVALU today also announced additional changes to Gross’s executive
leadership team. Bruce Besanko, the Company’s Executive Vice President
and Chief Operating Officer, has added the responsibilities of Chief
Financial Officer, a position he held from August 2013 to October 2015.
In his role as both Chief Operating Officer and Chief Financial Officer,
Besanko will continue to oversee SUPERVALU’s five regional Retail
banners, the Company’s merchandising, marketing and pharmacy functions,
and the Finance function, as well as add oversight of SUPERVALU’s Human
Resources function. Additionally, the Company announced that Susan
Grafton will serve in the position of Senior Vice President, Finance,
and Chief Accounting Officer, reporting to Besanko. Grafton will oversee
accounting and certain finance functions. These changes to Besanko’s and
Grafton’s roles are effective immediately.
The Company also announced the renaming of its Independent Business
segment to Wholesale, as wholesale serves as this segment’s primary
function, which is to distribute consumable products to retail stores
for final sale. Mike Stigers, Executive Vice President, Wholesale, will
continue to lead this renamed segment and will report directly to Gross.
“I’m very thankful to have a smart, highly-driven team of executives who
have helped me quickly assimilate into my role with SUPERVALU,” said
Gross. “I value their contributions and I’m pleased they will be a part
of helping me drive the growth of this Company going forward.”
About SUPERVALU INC.
SUPERVALU INC. is one of the largest grocery wholesalers and retailers
in the U.S. with annual sales of approximately $18 billion. SUPERVALU
serves customers across the United States through a network of 3,407
stores composed of 1,871 independent stores serviced primarily by the
Company’s food distribution business; 1,336 Save-A-Lot stores, of which
883 are operated by licensee owners; and 200 traditional retail grocery
stores (store counts as of December 5, 2015). Headquartered in
Minnesota, SUPERVALU has approximately 40,000 employees. For more
information about SUPERVALU visit www.supervalu.com.
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Source: SUPERVALU INC.
Jeff Swanson, 952-903-1645