SUPERVALU Promotes Woseth to Chief Financial Officer
February 26 2018 - 5:05PM
Business Wire
25-year strategic finance veteran has served as
Company’s interim CFO since July 2017
SUPERVALU INC. (NYSE: SVU) today announced that Rob Woseth
has been promoted to the position of Executive Vice President and
Chief Financial Officer, effective February 25, 2018. Woseth, who
has held the position of EVP, Chief Strategy Officer with the
Company since March 2013, has also served as the Company’s interim
CFO since July 2017.
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Rob Woseth named SUPERVALU's Executive
Vice President and Chief Financial Officer (Photo: Business
Wire)
As CFO, Woseth will lead SUPERVALU’s finance and strategic
planning teams. He will work closely with the executive leadership
team to drive business initiatives, provide analytics support and
build financial strategies that underpin SUPERVALU’s
transformational growth.
“Following a thorough internal and external search, Rob is the
clear choice and we’re delighted to have him assume the CFO role on
a permanent basis,” said Mark Gross, SUPERVALU’s President and
Chief Executive Officer. “Rob has strong business acumen and he’s
been a thoughtful steward of our business and finance organization
these past eight months. His financial knowledge, strategic
thinking and deep grocery industry expertise have helped drive many
of our successes over the past several years, including the sale of
our Save-A-Lot business and the completion of the Unified Grocers
and Associated Grocers of Florida acquisitions this past year.”
Woseth has more than 25 years of experience in strategic
leadership, planning and finance roles, including 15 years in the
grocery industry. He joined SUPERVALU’s executive team in 2013.
During his tenure with SUPERVALU, he has helped orchestrate
initiatives that have resulted in over $200 million in annual cost
reductions. Prior to SUPERVALU, he served as Vice President,
Business Development and Strategy at Albertson’s LLC. He has also
held financial leadership positions as Vice President, Research,
for Water Tower Capital, LLC and as Vice President, Investment
Banking, at U.S. Bancorp Piper Jaffray. Woseth holds a master’s
degree in business administration with an emphasis in strategic
management from the University of Minnesota’s Carlson School of
Business.
Gross added, “I’ve been thoroughly impressed with Rob’s
leadership and guidance, and have seen firsthand his ability to
effect positive change in this role. The Board and I are confident
in Rob’s ability to make important contributions to advancing the
Company’s growth strategy, while maintaining a disciplined approach
to capital allocation and improving stockholder value.”
About SUPERVALU INC.
(The following information does not include Associated Grocers
of Florida which became part
of SUPERVALU on December 8, 2017)
SUPERVALU INC. is one of the largest grocery wholesalers
and retailers in the U.S. with annual sales of
approximately $16 billion. SUPERVALU serves
customers across the United States through a network of
3,324 stores composed of 3,111 wholesale primary stores
operated by customers serviced by SUPERVALU’s food distribution
business and 213 traditional retail grocery stores operated under
five retail banners in six geographic regions (store counts as of
December 2, 2017). Headquartered
in Minnesota, SUPERVALU has approximately 31,000
employees. For more information
about SUPERVALU visit www.supervalu.com.
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SUPERVALU INC.For Investors:Steve Bloomquist,
952-828-4144steve.j.bloomquist@supervalu.comorFor Media:Jeff
Swanson, 952-903-1645jeffrey.s.swanson@supervalu.com
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