New A&P CEO Hires Former OfficeMax Colleague To Head Field Operations
August 18 2010 - 3:20PM
Dow Jones News
DOW JONES NEWSWIRES
Sam Martin, the new chief executive at Great Atlantic &
Pacific Tea Co. (GAP), has hired former colleague Paul Hertz to
become executive vice president of operations.
Hertz succeeds Mark Kramer, who has left to pursue other
interests. He will lead the field operations team at the troubled
supermarket operator.
Hertz and Martin joined the company from office-supply chain
OfficeMax Inc. (OMX), where Martin was chief operating officer and
Hertz was responsible for the U.S. retail operations. The duo also
worked together at Wild Oats, acquired in 2007 by Whole Foods
Market Inc. (WFMI).
A&P's shares recently traded flat at $2.90. The stock has
sunk 75% this year.
-By Kathy Shwiff, Dow Jones Newswires; 212-416-2357;
kathy.shwiff@dowjones.com
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