Kevin Holt named president of Retail, overseeing merchandising and
Tim Lowe named executive vice president of
Janel Haugarth assumes new role overseeing
cost reductions and efficiency
MINNEAPOLIS--(BUSINESS WIRE)--Aug. 29, 2012--
SUPERVALU INC. (NYSE: SVU) today announced that it is restructuring its
executive leadership team to ensure alignment around the company’s goals
and to better drive and execute the company’s business turnaround.
“We are moving quickly to reinvigorate SUPERVALU, and that starts with
leadership,” said Wayne Sales, SUPERVALU president, chief executive
officer and chairman. “The changes I have made to my executive team are
designed to address two of our most immediate priorities: driving
profitable sales in our retail stores and taking costs out of the
business. These efforts are critical to our successful turnaround.”
To address profitable sales growth, Kevin Holt has taken on an expanded
role as president of SUPERVALU Retail. In this position, Holt will drive
the overall strategy for the company’s traditional retail and pharmacy
divisions, including overseeing the marketing and merchandising
functions. He will work closely with Sales and his leadership team to
clearly develop the company’s strategic platform. Holt came to SUPERVALU
in May from Hudsonville Ice Cream and Kilwin’s Quality Confections in
Michigan, where he was the president. Prior to that role he spent three
years with Sears Holding Company and 13 years with Meijer, working in
leadership positions of increasing responsibility in retail, information
technology and strategic planning.
As part of this change, executive vice president and chief marketing
officer Michael Moore will now report to Holt, as will Tim Lowe, who has
been promoted to executive vice president of merchandising. With nearly
20 years of retail experience, Lowe most recently served as SUPERVALU’s
senior vice president of merchandising and was also the president of the
company’s Shoppers division from 2010-2012.
In addition, Janel Haugarth has accepted the newly created position of
executive vice president, Business Optimization and Process Improvement.
She will be responsible for identifying and executing strategies to make
SUPERVALU a more streamlined, effective organization. During her 35-year
career with SUPERVALU, Haugarth has had leadership-level exposure to
every area of the company, and has been instrumental in developing and
implementing successful business strategies. With Haugarth’s full-time
focus on enterprise-wide optimization, the company will consolidate
logistics and procurement leadership under Fred Boehler, who will now
report directly to Sales as the senior vice president of supply chain.
“The team we have in place includes exceptional leaders whose combined
experience will help lead us through the revitalization of our
business,” said Sales. “I believe this new leadership alignment will
allow us to act quickly, efficiently and effectively to drive the
successful turnaround of SUPERVALU.”
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 4,400 stores composed of 1,101 traditional
retail stores, including 798 in-store pharmacies; 1,336 hard discount
stores, of which 939 are operated by licensee owners; and 1,950
independent stores serviced primarily by the Company's food distribution
business. SUPERVALU has approximately 130,000 employees. For more
information about SUPERVALU visit www.supervalu.com.
Source: SUPERVALU INC.