US retailer Supervalu Inc has announced a raft of senior management changes as it prepares to finalise a deal to sell five of its chains.
The moves, announced today (4 March) are among a slew of executive changes at Supervalu, which later this month will close a deal to sell five of its grocery store chains. The retailer said the changes are part of continuous preparations to operate as “a more focused, efficient grocery business”.
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Supervalu said Kevin Holt, the president of its retail arm, Michael Moore, executive VP and chief marketing officer, and Tim Lowe, executive vice president of merchandising, will all step down.
CEO Sam Duncan said he will name additional members of his leadership team “in the near future”.
Appointments include Mark Van Buskirk as executive VP, merchandising and marketing, Ritchie Casteel as president and CEO of discount chain Save-A-Lot, and Eric Hymas as president of Shop ‘N Save.
The retailer announced in January it had agreed to sell five of its supermarket chains to an investor group led by Cerberus Capital Management, in a deal worth $3.3bn.
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