• Ahold USA said yesterday that Rick Herring, president of its Giant-Carlisle division and a 25-year company veteran, is retiring from the job, effective next Friday.
The company said that Bhavdeep Singh, EVP of Operations, for Ahold USA, will president over the devision on an interim basis until the search for a replacement is completed.
• Unified Grocers announced that Leon G. Bergmann has been named Senior Vice President, Sales, a new position, responsible for sales and service functions across all regions of the company. Bergmann.
It was about a year ago that Supervalu reached a confidential settlement in its case against Bergmann, who was president of the company's independent business organization before resigning and subsequently taking a job with Unified Grocers. Supervalu had said that Bergmann was in violation of a non-compete clause in his contract.
• The Wall Street Journal reports that Herb Ruetsch is retiring as CEO of Fairway Markets after 15 years with the company. He has been CEO for two years.
According to the story, "Fairway's president, William Sanford, will serve as interim CEO. The company's board plans to begin a search for a successor. Fairway also promoted Kevin McDonnell to co-president and chief operating officer and Edward Arditte to co-president and chief financial officer."
The company's chairman, Charles Santoro, said in a statement that "while our business faced a number of headwinds during the quarter including a tougher comparison over last year, the compressed holiday shopping season and a generally softer retail backdrop, we remain excited about our long-term growth prospects. We have also strengthened our senior leadership structure, and announced several important promotions to enhance operations and productivity initiatives as Fairway evolves to the next level of growth and scale."
The company said that Bhavdeep Singh, EVP of Operations, for Ahold USA, will president over the devision on an interim basis until the search for a replacement is completed.
• Unified Grocers announced that Leon G. Bergmann has been named Senior Vice President, Sales, a new position, responsible for sales and service functions across all regions of the company. Bergmann.
It was about a year ago that Supervalu reached a confidential settlement in its case against Bergmann, who was president of the company's independent business organization before resigning and subsequently taking a job with Unified Grocers. Supervalu had said that Bergmann was in violation of a non-compete clause in his contract.
• The Wall Street Journal reports that Herb Ruetsch is retiring as CEO of Fairway Markets after 15 years with the company. He has been CEO for two years.
According to the story, "Fairway's president, William Sanford, will serve as interim CEO. The company's board plans to begin a search for a successor. Fairway also promoted Kevin McDonnell to co-president and chief operating officer and Edward Arditte to co-president and chief financial officer."
The company's chairman, Charles Santoro, said in a statement that "while our business faced a number of headwinds during the quarter including a tougher comparison over last year, the compressed holiday shopping season and a generally softer retail backdrop, we remain excited about our long-term growth prospects. We have also strengthened our senior leadership structure, and announced several important promotions to enhance operations and productivity initiatives as Fairway evolves to the next level of growth and scale."
- KC's View:
