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Supervalu (SVU) names Wayne Sales as its new President and CEO to replace Craig Heckert. The...

Supervalu (SVU) names Wayne Sales as its new President and CEO to replace Craig Heckert. The aptly named Sales has been a non-executive chairman of the board since 2010. Shares of SVU +1.5% premarket.
Comments (2)
  • Phillies12
    , contributor
    Comments (2) | Send Message
     
    I have spent over 40 years in retail food management . Craig had to go there was no other possible choice. Pete VanHelden left a few months ago as a sacrificial lamb. That was a mistake .
    30 Jul 2012, 11:24 AM Reply Like
  • mbeachtantrum
    , contributor
    Comments (18) | Send Message
     
    Totally agree, both re: Craig and Pete. Another unfortunate casualty was Tom Lenkevich, formerly COO at Save-A-Lot. Jumped ship after Santiago Roces began purging anyone in St. Louis not a "yes-man" for the Herkert approach. Expect Roces to be under enormous pressure as large swaths of licensee owners unhappy with both his style and decisions.
    30 Jul 2012, 12:40 PM Reply Like
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