Grocery chain Supervalu has announced that, in connection with its proposed acquisition of certain operations of Albertson’s, it will increase the size of its board of directors to 14 – filling three vacancies with independent members.
The three new directors are retired MediaOne International CEO Gary Ames, Canadian Tire Corporation vice chairman Wayne Sales, and retired Kimberly-Clark Corporation executive vice president Kathi Seifert.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The appointments are conditioned on the consummation of the proposed acquisition and effective at a date after the company’s next annual meeting of stockholders, which is scheduled for 28 June 2006.
Supervalu chairman and chief executive officer Jeff Noddle said: “I’m pleased to welcome these new members – all of whom have impressive experience in and knowledge of complementary industries – to the Supervalu board of directors. As we embark on this transformational chapter in Supervalu’s history, we are thrilled to have such breadth and depth on the board.”
