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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.”
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.