Inside This Issue - News
Supervalu shakes up exec ranks
September 10th, 2012
MINNEAPOLIS – A month after naming a new chief executive officer and amid reports it is seeking a buyer, Supervalu Inc. has revamped its management team.
The supermarket retailer has given Kevin Holt an expanded role as president of Supervalu Retail. He is charged with driving overall strategy for Supervalu’s traditional retail and pharmacy divisions, including overseeing marketing and merchandising.
He will work closely with chairman, president and CEO Wayne Sales to develop the company’s strategic platform.
Holt came to Supervalu in May from Hudsonville Ice Cream and Kilwin’s Quality Confections in Michigan, where he was president. Prior to that he spent three years with Sears Holding Co. and 13 years with Meijer Inc., working in leadership positions of increasing responsibility in retail, information technology and strategic planning.
Executive vice president and chief marketing officer Michael Moore will now report to Holt, as will Tim Lowe, who was promoted to executive vice president of merchandising. With nearly 20 years of retail experience, Lowe most recently served as Supervalu’s senior vice president of merchandising and was also the president of the company’s Shoppers division from 2010 to 2012.
In addition, Janel Haugarth was named to the newly created position of executive vice president of business optimization and process improvement. With Haugarth’s full-time focus on enterprisewide optimization, the company will consolidate logistics and procurement leadership under Fred Boehler, who will now report directly to Sales as the senior vice president of supply chain.
“We are moving quickly to reinvigorate Supervalu, and that starts with leadership,” Sales said in a statement. “The changes I have made to my executive team are designed to address two of our most immediate priorities: driving profitable sales in our retail stores and taking costs out of the business. These efforts are critical to our successful turnaround.”