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• St. Louis-based Schnuck Markets announced that Craig Schnuck is stepping down as CEO of the family-owned chain, to be replaced by his brother, Scott Schnuck. Another brother, Todd Schnuck, who has served as CFO, is becoming executive vice president of the company and next-in-line to run the company.

Later this year, Scott Schnuck also will take on the title of chairman, and Todd Schnuck will become president of the company.

Craig Schnuck now becomes chairman of the company’s executive committee.

The St. Louis Business Journal reports that “the move marks the biggest leadership change in the grocery chain since Craig Schnuck took over the top job from his father, Don, in 1989. That year marked the transition from the second generation of Schnucks to the third generation to lead the company, founded as a single store in north St. Louis by Don Schnuck's parents, Edwin and Anna Schnuck, in 1939.”
KC's View:
It is encouraging to see that, as other family owned companies try to figure out how and when to sell the company, Schnuck Markets is planning for a future of continued independence. And as the change in leadership takes place, Schnucks continue to look for companies to buy and new locations on which to build.