Hy-Vee CEO Ric Jurgens is expected to leave the retailer in June

Hy-Vee CEO Ric Jurgens is expected to leave the retailer in June

The chief executive of US supermarket retailer Hy-Vee will leave the company next year.

Ric Jurgens, 62, is expected to leave the retailer in June after 42 years with he company.

He became CEO in 2003 and in 2006 he also attained the role of chairman if the board.

Jurgens said he will ask the board at its May meeting to elect Hy-Vee's current president and COO, Randy Edeker, to succeed him as chairman and CEO of the company. 

"We have a skilled management group in place to help propel Hy-Vee to even greater heights, so I will leave this summer with a great deal of confidence in the future of the company," Jurgens said yesterday (14 December).

Hy-Vee operates 235 retail stores in eight states. For fiscal year 2011, the company reported total sales of US$7.3bn.