Press release from Business Wire
SUPERVALU Announces Changes to Executive Leadership Team
Wednesday, April 03, 2013
SUPERVALU Announces Changes to Executive Leadership Team09:25 EDT Wednesday, April 03, 2013
MINNEAPOLIS (Business Wire) -- SUPERVALU Inc. (NYSE: SVU) today announced changes at the senior level as Sam Duncan, SUPERVALU's president and chief executive officer, finalizes his executive leadership team.
Sherry Smith, executive vice president and chief financial officer, will leave the company at the end of May. Smith has served as the company's CFO since her appointment in December 2010. She has spent 26 years with SUPERVALU and previously served as senior vice president, finance. The company plans to announce a new CFO at a later date.
Karla Robertson has been named executive vice president for legal, effective immediately. She replaces Todd Sheldon, executive vice president, general counsel and corporate secretary, who will stay through May to assist the company in the completion of its fiscal 2013 year-end filings. At that time, Robertson will assume the additional roles and responsibilities held by Sheldon, including the title of executive vice president, general counsel and corporate secretary. In this role, Robertson will have responsibility for overseeing the legal, risk management and asset protection teams for the company as well as working closely with SUPERVALU's non-executive chairman, Robert Miller, and the company's 11-person board of directors.
Robertson joined SUPERVALU in July 2009 as senior labor and employment counsel and was later promoted to vice president of the employment, compensation and benefits law functions. Prior to SUPERVALU, Robertson served as senior counsel with Target Corporation and was an associate attorney at Faegre & Benson LLP, where she practiced in both the employment and business litigation areas.
“Sherry and Todd worked tirelessly to help structure the deal with AB Acquisition and then see the transaction through to completion,” said Duncan. “I am grateful for their commitment to this company and our shareholders and know they helped put us in a strong position to be successful going forward. I wish them both the best in their future endeavors.”
About SUPERVALU Inc.
SUPERVALU Inc. is one of the largest grocery wholesalers and retailers in the U.S. with annual sales of approximately $17 billion. SUPERVALU serves customers across the United States through a network of approximately 3,470 stores composed of 1,950 independent stores serviced primarily by the Company's food distribution business, 1,331 Save-A-Lot stores, of which 950 are operated by licensee owners; and 191 traditional retail grocery stores. Headquartered in Minnesota, SUPERVALU has approximately 35,000 employees. For more information about SUPERVALU visit www.supervalu.com.
Steve Bloomquist, 952-828-4144
Mike Siemienas, 952-828-4245