A&P supermarkets operator Great Atlantic & Pacific Tea Co has announced that its president and COO Elizabeth Culligan has resigned amid management restructuring.
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The company also announced that it is to divide its retail operations into two units, A&P US and A&P Canada, in order to save its struggling US stores.
Brian Piwek, former president and CEO of A&P Canada is to take on the role of president and CEO of A&P US, while Eric Claus, former president of Co-op Atlantic, will succeed Piwek at A&P Canada.
Earlier this month, A&P reported a financial second-quarter operating loss of 26 cents a share, compared with a loss of 5 cents a share a year earlier, as results suffered from low consumer confidence and a price war with competitors, reported Associated Press Newswires.
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