25-year strategic finance veteran has served as Company’s interim CFO
since July 2017
MINNEAPOLIS--(BUSINESS WIRE)--Feb. 26, 2018--
SUPERVALU INC. (NYSE: SVU) today announced that Rob Woseth has been
promoted to the position of Executive Vice President and Chief Financial
Officer, effective February 25, 2018. Woseth, who has held the position
of EVP, Chief Strategy Officer with the Company since March 2013, has
also served as the Company’s interim CFO since July 2017.
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Rob Woseth named SUPERVALU's Executive Vice President and Chief Financial Officer (Photo: Business Wire)
As CFO, Woseth will lead SUPERVALU’s finance and strategic planning
teams. He will work closely with the executive leadership team to drive
business initiatives, provide analytics support and build financial
strategies that underpin SUPERVALU’s transformational growth.
“Following a thorough internal and external search, Rob is the clear
choice and we’re delighted to have him assume the CFO role on a
permanent basis,” said Mark Gross, SUPERVALU’s President and Chief
Executive Officer. “Rob has strong business acumen and he’s been a
thoughtful steward of our business and finance organization these past
eight months. His financial knowledge, strategic thinking and deep
grocery industry expertise have helped drive many of our successes over
the past several years, including the sale of our Save-A-Lot business
and the completion of the Unified Grocers and Associated Grocers of
Florida acquisitions this past year.”
Woseth has more than 25 years of experience in strategic leadership,
planning and finance roles, including 15 years in the grocery industry.
He joined SUPERVALU’s executive team in 2013. During his tenure with
SUPERVALU, he has helped orchestrate initiatives that have resulted in
over $200 million in annual cost reductions. Prior to SUPERVALU, he
served as Vice President, Business Development and Strategy at
Albertson’s LLC. He has also held financial leadership positions as Vice
President, Research, for Water Tower Capital, LLC and as Vice President,
Investment Banking, at U.S. Bancorp Piper Jaffray. Woseth holds a
master’s degree in business administration with an emphasis in strategic
management from the University of Minnesota’s Carlson School of Business.
Gross added, “I’ve been thoroughly impressed with Rob’s leadership and
guidance, and have seen firsthand his ability to effect positive change
in this role. The Board and I are confident in Rob’s ability to make
important contributions to advancing the Company’s growth strategy,
while maintaining a disciplined approach to capital allocation and
improving stockholder value.”
About SUPERVALU INC.
(The following information does not include Associated Grocers
of Florida which became part of SUPERVALU on December 8, 2017)
SUPERVALU INC. is one of the largest grocery wholesalers and retailers
in the U.S. with annual sales of approximately $16
billion. SUPERVALU serves customers across the United States through a
network of 3,324 stores composed of 3,111 wholesale primary stores
operated by customers serviced by SUPERVALU’s food distribution business
and 213 traditional retail grocery stores operated under five retail
banners in six geographic regions (store counts as of December 2, 2017).
Headquartered in Minnesota, SUPERVALU has approximately 31,000
employees. For more information about SUPERVALU visit www.supervalu.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180226006584/en/
Source: SUPERVALU INC.
Jeff Swanson, 952-903-1645