SpartanNash Announces New President and CEO
September 14 2020 - 9:00AM
Business Wire
Eidson to continue as Chairman of the Board of
Directors
SpartanNash Company (Nasdaq: SPTN) (“SpartanNash” or the
“Company”) announced today that it has hired Tony B. Sarsam as
President and Chief Executive Officer (CEO). Mr. Sarsam will assume
that role and join the Board of Directors, effective September 21,
2020. Interim President and CEO Dennis Eidson will continue in his
role as Chairman of the Board and will serve as Executive Chairman
for a period of thirty days to ensure a smooth transition with Mr.
Sarsam.
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Tony B. Sarsam (Photo: Business Wire)
Mr. Sarsam is an accomplished CEO who has a unique blend of
consumer products and supply chain expertise in the food industry,
which positions him especially well to lead SpartanNash Company.
Mr. Sarsam most recently served as CEO of Borden Dairy Company,
Inc. where he led business growth and positive trends in a
challenging industry. He successfully led Borden through its recent
restructuring and restored the business to a new foundation for
future growth before his departure in July 2020. Prior to Borden,
Mr. Sarsam served as CEO of Ready Pac Foods, Inc., where his focus
on innovation and service transformed that business into a growth
engine, delivering a 60 percent revenue increase in less than five
years. Earlier in his career, Mr. Sarsam enjoyed over twenty years
in progressive leadership roles at PepsiCo before joining Nestlé,
where he served for three years as president of Nestlé’s Direct
Store Delivery Company, a $4.5 billion pizza and ice cream
business. Mr. Sarsam holds a master’s degree in management from
Stanford University and a bachelor’s degree in chemical engineering
from Arizona State University.
“SpartanNash’s Board of Directors has conducted an extensive
search over the past year, and we are extremely confident we have
recruited an exceptional leader to continue the legacy of our
company as a trusted provider of grocery products,” said Mr.
Eidson. “Not only does Tony possess the background and expertise to
lead SpartanNash in the coming years, his core values and history
of visionary thinking and strategic execution are in direct
alignment to achieve our vision to be a best-in-class business that
feels local, where relationships matter.”
"I am honored and humbled to be selected to lead this incredible
organization," said Mr. Sarsam. "I think of SpartanNash as over 100
years young, with a rich history and a promising future. I am
looking forward to working with our 19,000 dedicated associates to
further strengthen our company and extend our success well into the
future."
Lead Independent Director Doug Hacker noted, “On behalf of our
board, the SpartanNash executive leadership team, and the company’s
family of 19,000 associates, we’d like to thank Dennis for his
leadership and commitment to the company since he joined
SpartanNash in 2003, and particularly these past thirteen months
serving in his interim role. The board is confident that we have
found an exemplary successor to Dennis in Tony Sarsam and we look
forward to a bright future for SpartanNash.”
About SpartanNash
SpartanNash (Nasdaq: SPTN) is a Fortune 400 company whose core
businesses include distributing grocery products to a diverse group
of independent and chain retailers, its corporate-owned retail
stores and U.S. military commissaries and exchanges; as well as
operating a premier fresh produce distribution network. SpartanNash
serves customer locations in all 50 states and the District of
Columbia, Europe, Cuba, Puerto Rico, Honduras, Bahrain, Djibouti
and Egypt. SpartanNash currently operates 155 supermarkets,
primarily under the banners of Family Fare, Martin’s Super Markets,
D&W Fresh Market, VG’s Grocery and Dan’s Supermarket. Through
its MDV military division, SpartanNash is a leading distributor of
grocery products to U.S. military commissaries.
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