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Stock Market & Financial Investment News

News Breaks
January 8, 2013
07:37 EDTSVUSuperValu January volatility elevated into Q3 and strategic alternatives outlook
SuperValu January call option implied volatility is at 132, February is at 85, April is at 64; compared to its 26-week average of 87 according to Track Data, suggesting larger near term price movement into the expected release of Q3 results on January 10 and strategic alternatives outlook.
News For SVU From The Last 14 Days
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February 3, 2016
08:02 EDTSVUSupervalu names Mark Gross to succeed Sam Duncan as president, CEO
Supervalu announced the appointment of Mark Gross as the company's president and CEO, effective February 5, 2016. Gross, age 52, will succeed Sam Duncan who has previously announced he will be retiring. Supervalu also announced that Sam Duncan will be stepping down from the company's 11-person Board of Directors effective with his retirement on February 29, 2016, and that until that time, he will continue with the company as a special advisor to the company's Board of Directors to facilitate a smooth transition. Gross will be appointed to the Board effective March 1, 2016. Additionally, the company said that Bruce Besanko, COO, will report to Gross and continue to oversee the day-to-day operations of the company's Independent Business and Retail Food segments as well as the company's finance organization. From 1997 to 2006, Gross worked at C&S Wholesale Grocers, including serving as Co-President of C&S's overall operations from 2005-2006. Additionally, during his tenure with C&S, Gross served as Chief Financial Officer, General Counsel, and President of its affiliated retail grocery operations.

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