The Associated Press reports that Peter Lynch, the CEO of Winn-Dixie, will step down from that position sometime in the next 120 days as the chain merges with Bi-Lo.
Lynch reportedly made the announcement to Winn-Dixie employees via a letter that was sent to them on Friday.
Replacing Lynch as Winn-Dixie’s chief will be Randall Onstead, currently Bi-Lo’s chairman.
Lynch became Winn-Dixie’s CEO in 2005, and notes in his letter that he “helped the chain return to profitability after it emerged from Chapter 11 bankruptcy protection in 2006.”
Lynch reportedly made the announcement to Winn-Dixie employees via a letter that was sent to them on Friday.
Replacing Lynch as Winn-Dixie’s chief will be Randall Onstead, currently Bi-Lo’s chairman.
Lynch became Winn-Dixie’s CEO in 2005, and notes in his letter that he “helped the chain return to profitability after it emerged from Chapter 11 bankruptcy protection in 2006.”
- KC's View:
- This was inevitable. The two companies may be merging, but Bi-Lo is seen as the dominant partner. The writing was on the wall for Lynch.
