MINNEAPOLIS, Jul 08, 2009 (BUSINESS WIRE) -- SUPERVALU INC. (NYSE: SVU) announced today the retirement of Mike
Jackson, 55, president and chief operating officer, and Kevin Tripp, 55,
executive vice president and president of the company's Retail Midwest
region, effective August 14, 2009.
Following the departure of these executives, the company will realign
its leadership structure to become more customer-focused. Craig Herkert,
who joined SUPERVALU in May as chief executive officer, will assume the
additional role of president. The company's three retail regions will be
combined under Pete Van Helden, who will become executive vice
president, retail operations. Van Helden currently serves as executive
vice president, Retail West. The company's Save-A-Lot banner will report
to Herkert, and Bristol Farms will continue to report to Pamela Knous,
executive vice president and chief financial officer.
The company will also create a new health and wellness division to
facilitate stronger alignment between SUPERVALU's pharmacy operations
and its health and beauty offering, creating a total health and wellness
experience for customers. This new division will be led by Duncan Mac
Naughton, executive vice president of merchandising and marketing.
"Mike and Kevin have made significant contributions to SUPERVALU's
growth over the past several years, and have been instrumental in laying
the groundwork for our company's ongoing success," said Herkert. "We
wish them well as they move into a new stage of their lives."
Jackson and Tripp have both been with the company for more than 30 years
(Jackson with SUPERVALU, and Tripp with the former Albertson's, Inc.)
and have held leadership roles in multiple functional areas.
"It has been a privilege to work with our associates, our independent
retailers, the supplier community, and all of the people connected to
this great industry," said Jackson. "These relationships have been the
highlight of my career, and I will always value the opportunities and
experiences I have had throughout my time with SUPERVALU."
"I have had the great pleasure of working with this company for 31
years, in many different challenging and rewarding leadership
positions," said Tripp. "Above all I have enjoyed working beside so many
talented and capable colleagues."
The company's new leadership structure will further streamline the
critical partnership between its retail operations, pharmacy operations
and merchandising and marketing groups so that it can even more
effectively anticipate and respond to the changing needs of its
"This is another critical step in the implementation of our
centrally-led merchandising model, designed to fully leverage
SUPERVALU's scale while preserving our local relevance. Pete and Duncan
will work closely together to ensure a smooth and effective transition,"
About SUPERVALU INC.
SUPERVALU INC. is one of the largest companies in the U.S. grocery
channel with estimated annual sales of $43 billion. SUPERVALU holds
leading market share positions across the United States with its
approximately 2,500 retail grocery locations, including nearly 900
in-store pharmacies. Through the company's nationwide supply chain
network, SUPERVALU provides distribution and related logistics support
services to more than 2,500 independent retailers across the country.
SUPERVALU has approximately 180,000 employees.
SOURCE: SUPERVALU INC.
Haley Meyer, 952-828-4786
David Oliver, 952-828-4540