SUPERVALU Announces the Resignation of CFO Bruce Besanko
June 26 2017 - 6:30AM
Business Wire
SUPERVALU INC. (NYSE:SVU) today announced that Bruce
Besanko has informed the Company’s Board of Directors of his
intention to resign his positions as Executive Vice President,
Chief Operating Officer and Chief Financial Officer effective July
5, 2017 to pursue an opportunity outside the Company.
SUPERVALU also announced that Rob Woseth, the Company’s
Executive Vice President, Chief Strategy Officer, will assume the
additional position of Interim Chief Financial Officer, and David
Johnson, the Company’s Vice President, Controller, will assume the
additional position of Interim Chief Accounting Officer, while the
Company completes a search for a permanent chief financial
officer.
“On behalf of SUPERVALU, I want to thank Bruce for his service
over the past four years. Bruce made numerous contributions to this
organization, including improvements to the Company’s capital
structure that have laid the groundwork for our transformation. We
wish Bruce well in his future endeavors,” said Mark Gross,
President and Chief Executive Officer. “Rob and David are important
leaders at the Company, and I am very pleased that they will assume
these interim roles.”
About SUPERVALU INC.
(The following information on sales, store counts and employees
is as of SUPERVALU’s last fiscal year end and does not include
Unified Grocers)
SUPERVALU INC. is one of the largest grocery wholesalers and
retailers in the U.S. with annual sales of approximately $12
billion in fiscal 2017. SUPERVALU serves customers across the
United States through a network of 2,363 stores including 1,902
stores operated by wholesale customers serviced primarily by the
Company’s food distribution business and 217 traditional retail
grocery stores operated under five retail banners in six geographic
regions (store counts as of February 25, 2017). Headquartered in
Minnesota, SUPERVALU has approximately 29,000 employees.
For more information about SUPERVALU visit
www.supervalu.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170626005274/en/
SUPERVALU INC.INVESTOR CONTACT:Steve
Bloomquist, 952-828-4144steve.j.bloomquist@supervalu.comorMEDIA
CONTACT:Jeff
Swanson, 952-903-1645jeffrey.s.swanson@supervalu.com
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