Save-A-Lot gets new CEO

Supervalu's hard-discount grocery segment Save-A-Lot has a new CEO. Eric Claus will take up his new role at Save-A-Lot on or before Jan. 4, 2016.

For the past two years, Claus has been chairman, president and CEO of Red Apple Stores, a chain of value retail stores in Canada. Since July 2013, he has led the restructure and transformation of the 150-store chain.

"I'm very pleased that Eric is joining our Supervalu team to serve as CEO of Save-A-Lot," said Sam Duncan, Supervalu president and CEO. "He has a great background in food retailing, and is a smart and charismatic leader. His strengths in and experience with the hard discount format as well as his history leading retail companies will be important as we look to finish our fiscal year strong and as we continue to position Save-A-Lot for the future."

Claus has more than 30 years of experience in retail. He was CEO for Co-Op Atlantic, president and CEO at the Great Atlantic & Pacific Tea Company (A&P) in Canada and then in the U.S. from 2005 to 2009.

Supervalu also announced Ritchie Casteel, formerly president and CEO of Save-A-Lot, will retain the president role and report to Claus. He will continue to oversee day-to-day store operations, store growth plans and market development, as well as prepare for a possible spin-off of Save-A-Lot.

"I'm also very grateful and appreciative for all the work and positive results that Ritchie has delivered in his leadership role at Save-A-Lot," said Duncan. "He is a tremendous leader and operator and it reflects in the performance we've experienced in our corporate stores and in the confidence he's helped restore with our licensees. I look forward to Ritchie working closely with Eric to drive sales and growth at Save-A-Lot." Press Release

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