Supervalu has announced the retirement of its subsidiary Save-A-Lot’s founder, president and CEO Bill Moran from September 2006.
Effective immediately and continuing until his retirement, Moran will assume the role of vice chairman of Save-A-Lot.
Current executive vice president and chief operating officer Bill Shaner has been named president and chief executive officer of Save-A-Lot and senior vice president of Supervalu.
Supervalu chairman and CEO Jeff Noddle said: “Bill Moran has been the visionary force for Save-A-Lot and the industry. He has guided Save-A-Lot’s emergence as a national chain with more than 1,100 stores open from coast to coast.
“His unswerving focus and sound, ethical business practices have made Save-A-Lot a model of exceptional grocery retailing.”
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Moran started out at Tomboy Wholesalers, the Save-A-Lot chain, which became a wholly owned subsidiary of Supervalu in 1992.
Bill Shaner joined Supervalu in 1984 and has since held a variety of positions of increasing responsibility, including president of the Maryland division, president and chief operating officer of the former Laneco division, and president of the Central region.
“Bill is an excellent choice to lead Save-A-Lot at this exciting time in its history. Save-A-Lot has a strong future and complements Supervalu’s multi-format retail portfolio with its innovative merchandising programs including the integration of general merchandise, expansion of produce offerings, successful consumer awareness programs, and the banner’s licensee remodeling program.
“I am confident that with his diverse experience and industry insight, Bill is a great leader for the next phase of Save-A-Lot,” added Moran.