The acquired stores will be converted to SUPERVALU’s Shop ‘N Save format.
July 14, 2016
SUPERVALU INC., Minneapolis, entered into a definitive agreement to acquire 22 Food Lion grocery stores that are being sold in connection with the merger between Ahold and Delhaize.
AFFI president and CEO Kraig Naasz announced his intent to resign at year’s end to become president and CEO of Distilled Spirits Council of the United States. Meanwhile, SUPERVALU's president and CEO Sam Duncan announced plans to retire, effective February 2016.
John Bryant, Kellogg Co.'s president and CEO, was appointed chairman of the board, effective July 1, replacing James Jenness, who will remain on the board as a non-executive director
SUPERVALU INC., Eden Prairie, Minn., announced plans for a streamlined independent business organization, which will consolidate from three regions to two, forming new East and West teams, located in Mechanicsville, Va., and Hopkins, Minn., respectively.
Bob Estes was named chief information officer for Ready Pac Foods, responsible for leading all information systems and technology and transforming information accessibility and system integration.