US retailer A&P has appointed Ron Marshall, the former CEO of bookseller Borders Group, as its president and chief executive.
Marshall will take over from Christian Haub, executive chairman and interim CEO, from 8 February.
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Previous to Borders, Marshall was CEO of wholesale food distributor Nash Finch, and prior to that executive vice president and CFO of US retail group Pathmark.
Haub, part of the family that runs A&P parent Tengelmann, the German conglomerate, temporarily took the CEO position at A&P in October after then president and CEO Eric Claus left the business after mounting losses.
Haub said Marshall would be “the key leader in our turnaround”. He added: “I’m looking forward to working together with Ron and the Yucaipa team to improve our immediate performance as well as develop strategies to drive sustainable success in the future.”
Investment vehicle Yucaipa snapped up over 27% of A&P in July after injecting US$115m into the business. The fund, led by Ron Burkle, also has two seats on the A&P board.
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