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Stock Market & Financial Investment News

News Breaks
January 14, 2014
06:17 EDTSVUSuperValu elects Gerald Storch as chairman
SUPERVALU announced that experienced retail executive Gerald Storch has been elected as the companyís new chair of its Board of Directors. The appointment comes after Robert Miller, who served as chairman of SUPERVALUís Board of Directors since March 2013, announced he would resign his chairman position to focus on other demands.
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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