MINNEAPOLIS--(BUSINESS WIRE)--Jun. 26, 2017--
SUPERVALU INC. (NYSE:SVU) today announced that Bruce Besanko has
informed the Company’s Board of Directors of his intention to resign his
positions as Executive Vice President, Chief Operating Officer and Chief
Financial Officer effective July 5, 2017 to pursue an opportunity
outside the Company.
SUPERVALU also announced that Rob Woseth, the Company’s Executive Vice
President, Chief Strategy Officer, will assume the additional position
of Interim Chief Financial Officer, and David Johnson, the Company’s
Vice President, Controller, will assume the additional position of
Interim Chief Accounting Officer, while the Company completes a search
for a permanent chief financial officer.
“On behalf of SUPERVALU, I want to thank Bruce for his service over the
past four years. Bruce made numerous contributions to this organization,
including improvements to the Company’s capital structure that have laid
the groundwork for our transformation. We wish Bruce well in his future
endeavors,” said Mark Gross, President and Chief Executive Officer. “Rob
and David are important leaders at the Company, and I am very pleased
that they will assume these interim roles.”
About SUPERVALU INC.
(The following information on sales, store counts and employees is as
of SUPERVALU’s last fiscal year end and does not include Unified Grocers)
SUPERVALU INC. is one of the largest grocery wholesalers and retailers
in the U.S. with annual sales of approximately $12 billion in fiscal
2017. SUPERVALU serves customers across the United States through a
network of 2,363 stores including 1,902 stores operated by wholesale
customers serviced primarily by the Company’s food distribution business
and 217 traditional retail grocery stores operated under five retail
banners in six geographic regions (store counts as of February 25,
2017). Headquartered in Minnesota, SUPERVALU has approximately 29,000
For more information about SUPERVALU visit www.supervalu.com.
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Source: SUPERVALU INC.
Jeff Swanson, 952-903-1645