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Supervalu Inc (SVU)

SVU on New York Consolidated

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2 Dec 2016
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Summary

Name Age Since Current Position

Gerald Storch

59 2014 Non-Executive Chairman of the Board

Mark Gross

53 2016 President, Chief Executive Officer, Director

Bruce Besanko

57 2016 Chief Financial Officer, Chief Operating Officer, Executive Vice President

Eric Claus

59 2016 Chief Executive Officer - Save-A-Lot

Randy Burdick

58 2013 Executive Vice President, Chief Information Officer

Karla Robertson

45 2013 Executive Vice President - Legal, General Counsel, Corporate Secretary

Michele Murphy

62 2013 Executive Vice President - Human Resources and Communications

Michael Stigers

57 2016 Executive Vice President - Wholesale

James Weidenheimer

57 2016 Executive Vice President, Corporate Development and Chief Innovation Officer

Rob Woseth

45 2013 Executive Vice President - Chief Strategy officer

Susan Grafton

59 2016 Senior Vice President - Finance, Chief Accounting Officer

Philip Francis

69 2012 Lead Independent Director

Mary Winston

54 2016 Director

Donald Chappel

64 2010 Independent Director

Irwin Cohen

75 2003 Independent Director

Eric Johnson

65 2013 Independent Director

Francesca Luzuriaga

62 2015 Independent Director

Mathew Pendo

52 2014 Independent Director

Wayne Sales

66 2013 Independent Director

Frank Savage

69 2014 Independent Director

Biographies

Name Description

Gerald Storch

Mr. Gerald L. Storch is a Non-Executive Chairman of the Board of SUPERVALU INC. Mr. Storch is chairman and chief executive officer of Storch Advisors, a senior management advisory and consulting firm that focuses primarily on retailing, e-commerce, consumer products and services, and consumer financial services. From 2006-2013, Mr. Storch was chairman and chief executive officer of Toys "R" Us, where he helped grow the company into a $13 billion global retailer, including expanding the company's e-commerce business and overseeing several large-scale mergers and acquisitions. Prior to his tenure at Toys "R" Us, Mr. Storch served as vice chairman of Target, a $70 billion retailer. During more than a decade with Target, Mr. Storch led the retailer's e-commerce site, target.com, the Target grocery business, and the Target Financial Services credit card business, and oversaw Marshall Field's Department Stores. He currently serves as a member of the Board of Directors of Bristol Myers Squibb and Fanatics. Mr. Storch received a Master of Business Administration from Harvard Business School, a Juris Doctor from Harvard Law School and holds a Bachelor of Arts from Harvard College.

Mark Gross

Mr. Mark Gross is President, Chief Executive Officer, Director of Supervalu Inc. He has been appointed to the position of Director of the Company., effective 1 March 2016. Mark Gross joins SUPERVALU with 20 years of grocery and wholesale leadership experience. 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. For the past decade, Gross has led Surry Investment Advisors, a firm he founded, to provide consulting services to grocery distributors and retailers with respect to strategic and operational matters. In this advisory role, he has assisted grocery clients on several multi-billion dollar acquisitions and divestitures and consulted with private equity firms with respect to investments in food retail, distribution and consumer packaged goods sectors. Gross earned his law degree from the University of Pennsylvania, graduating Cum Laude, and holds a BA from Dartmouth College, where he graduated with the highest honors in his major.

Bruce Besanko

Mr. Bruce H. Besanko is Chief Financial Officer, Chief Operating Officer, Executive Vice President of Supervalu Inc. He was Executive Vice President of the Company. Mr. Besanko joins SUPERVALU after serving as executive vice president of finance, chief financial officer and chief administrative officer for OfficeMax, where he helped strengthen the company’s balance sheet and transform business-to-business and retail segments for one of the global office supply companies following his appointment in 2009. Prior to his work at OfficeMax, Besanko served as vice president of finance and chief financial officer for Circuit City Stores Inc. from 2007-2009, as well as senior vice president of finance and chief financial officer for The Yankee Candle Company Inc. from 2005 to 2007. He also held financial leadership positions at Best Buy Co. Inc., Sears, Roebuck & Co. and Atlantic Richfield Company in the years prior. Mr. Besanko earned a Bachelor of Science degree in Psychology from the University of Cincinnati and holds a Master of Business Administration degree in Finance and Strategy from the University of Chicago. Besanko also served in the U.S. Air Force for 26 years, where he rose to the rank of lieutenant colonel. In his role as both Chief Operating Officer and Chief Financial Officer, Besanko will continue to oversee SUPERVALU's five regional Retail banners, the Company's merchandising, marketing and pharmacy functions, and the Finance function, as well as add oversight of SUPERVALU's Human Resources function.

Eric Claus

Mr. Eric Claus is Chief Executive Officer - Save-A-Lot of Supervalu Inc. Mr. Claus served as the Chairman, President and Chief Executive Officer of Red Apple Stores Inc., a 155-store value-oriented clothing, general merchandise and food chain in Canada. From 2012-2013, Mr. Claus served as Executive Chairman of TBS Acquireco Inc. ("TBS"), overseeing under-performing assets. Mr. Claus joined TBS to restructure that company and in February 2013, the Ontario Superior Court of Justice granted protection to TBS from its creditors pursuant to the Companies' Creditors Arrangement Act. Pursuant to court order in July 2013, the assets and continuing operations of TBS were sold to Red Apple Stores Inc. In September 2013, TBS made a voluntary assignment in bankruptcy pursuant to the Bankruptcy and Insolvency Act. From 2009-2012, Mr. Claus worked with various private equity firms analyzing potential transactions. Mr. Claus served as Chief Executive Officer and President of The Great Atlantic & Pacific Tea Company, Inc. (“A&P”) from 2005-2009. He joined A&P in 2002, serving as Chief Executive Officer and President of A&P Canada of The Great Atlantic & Pacific Tea Company Inc., Canada from 2002-2005. In December 2010, A&P filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York. A&P’s Chapter 11 reorganization plan was confirmed by the Bankruptcy Court in February 2012. Prior to joining A&P, Mr. Claus served as Chief Executive Officer of Co-Op Atlantic from 1997-2002.

Randy Burdick

Mr. Randy Burdick is Executive Vice President and Chief Information Officer of Supervalu Inc., Prior to joining the Company, Mr. Burdick served as Executive Vice President and Chief Information Officer at OfficeMax Incorporated, from 2005-2013.

Karla Robertson

Ms. Karla C. Robertson is Executive Vice President - Legal, General Counsel, Corporate Secretary of Supervalu Inc. Prior to joining the Company, Karla C. Robertson worked as in house counsel with Target Corporation from 2006 to 2008, most recently as its Senior Employee Relations Counsel and Group Manager. She was Vice President, Employment, Compensation and Benefits Law, 2012-2013; Director, Employment Law, 2011-2012.

Michele Murphy

Ms. Michele Murphy is Executive Vice President - Human Resources and Communications of Supervalu Inc. In this role, Murphy oversees all of SUPERVALU's human resources functions, labor relations and corporate communications. She has spent the last seven years as SUPERVALU's senior vice president of corporate human resources and labor relations. Murphy has more than 30 years of experience in a variety of positions dealing with employment law, human resources and labor relations. She has served in roles with international law firm Morgan Lewis, grocery store operator American Stores and roles of increasing responsibility at Albertsons and SUPERVALU.

Michael Stigers

Mr. Michael C. Stigers is Executive Vice President - Wholesale of Supervalu Inc. He was Executive Vice President, President - Independent Business and Supply Chain Services of the Company. Mike Stigers, current President of Cub Foods, has been appointed Executive Vice President, Independent Business and Supply Chain to succeed Haugarth. Stigers, who started his grocery career in 1974, has more than 40 years of experience in the grocery industry. Stigers joined SUPERVALU in 2011, and has served in roles as President of Shaw’s, one of SUPERVALU’s formerly-owned retail banners, and as President of Northern Region, formerly one of the three sales regions within SUPERVALU’s Independent Business segment.

James Weidenheimer

Mr. James Weidenheimer is Executive Vice President, Corporate Development and Chief Innovation Officer of the Supervalu Inc. Weidenheimer's background includes serving as Senior Vice President of Corporate Development for C&S Wholesale Grocers from 2008 to January 2016 when he retired from C&S. Prior to C&S, Weidenheimer served as Vice President and Chief Financial Officer for the wholesale division of Richfood Holdings. He holds a bachelor's degree from the University of Kansas.

Rob Woseth

Mr. Rob Woseth is Executive Vice President - Strategy of Supervalu Inc., effective March 2013. Prior to joining the Company Mr. Woseth served as Vice President Business Development and Strategy, Albertson’s LLC, from 2006-2013.

Susan Grafton

Ms. Susan S. Grafton is Senior Vice President - Finance, Chief Accounting Officer of Supervalu Inc. She was Chief Financial Officer, Executive Vice President of Supervalu Inc. Prior to joining the Company, Ms. Grafton served as Senior Vice President, Controller and Chief Accounting Officer from 2011-2014 and Vice President, Controller and Chief Accounting Officer from 2006-2011 at Best Buy Co., Inc., a retailer of consumer electronics and related products.

Philip Francis

Mr. Philip L. Francis is Lead Independent Director of Supervalu Inc. Mr. Francis retired in 2012 from PetSmart, Inc. after serving ten years as Chief Executive Officer and two years as the Executive Chairman. PetSmart is a specialty retailer of services and solutions for pets. Prior to joining PetSmart, Mr. Francis was the President and CEO of Shaw’s Supermarkets, Inc. and Cardinal Foods. His formal education includes a Bachelor of Science degree from the University of Illinois in Agricultural Science and an MBA in Marketing and Management from Indiana University. Among his many qualifications, Mr. Francis brings significant retail industry experience, as well as experience in business strategy as a senior executive of a large public company. Mr. Francis is a director of At Home Group Inc. He previously served as a director of PetSmart, Inc. from 1989 to 2012, and as a director of CareFusion from 2009 until it was sold in March 2015. He is active with several non-profit or service organizations that include Teach for America, Greater Phoenix Leadership (past chairman), Federal Reserve Board-Western Region Advisory Council, and TGEN—Translational Genomics Research Institute. He is a past campaign chair and board chair of Valley of the Sun United Way, active in UMOM (homeless) and ASU Idea Enterprise.

Mary Winston

Ms. Mary A. Winston CPA, is Director of Supervalu Inc. Ms. Winston served as Executive Vice President – Chief Financial Officer of Family Dollar Stores, Inc., a discount retailer with more than 8,300 stores and nearly $11 billion in revenues prior to its acquisition by Dollar Tree in July 2015, from 2012 until August 2015. Before joining Family Dollar, from 2008 to 2012, Ms. Winston served as Senior Vice President and Chief Financial Officer for Giant Eagle, Inc., a regional grocery and fuel retailer. Ms. Winston was President and Founder of WinsCo Financial, LLC, a financial solutions consulting firm, from 2007 to 2008 and served as Executive Vice President and Chief Financial Officer of Scholastic Corporation, a children’s publishing and media company, from 2004 to 2007. Among her many qualifications, Ms. Winston brings corporate executive leadership experience as well as extensive financial management and leadership. Ms. Winston has served as a director of Dover Corporation, a diversified manufacturing company, since 2005 and is the chair of its Audit Committee, and as a director of Domtar Corporation, a paper manufacturer and marketer, since December 2015. Ms. Winston previously served as a director of Plexus Corporation, an electronic manufacturing services company, from 2008 to February 2016.

Donald Chappel

Mr. Donald R. Chappel is an Independent Director of Supervalu Inc. Mr. Chappel serves as Senior Vice President and Chief Financial Officer of The Williams Companies, Inc., a position he has held since April 2003. Williams is one of the leading energy infrastructure companies in North America. Williams Partners was formerly known as Access Midstream Partners, L.P. and in February 2015 merged with another energy infrastructure MLP controlled by Williams also known as Williams Partners L.P. (“Pre-Merger Williams Partners”). Access Midstream Partners was the surviving entity in the merger and changed its name to Williams Partners L.P. Mr. Chappel has served as a director of the general partner of Williams Partners since 2012 and as its Chief Financial Officer since December 31, 2014. Mr. Chappel served as Chief Financial Officer and a director of the general partner of Pre-Merger Williams Partners from 2005 until its merger in 2015. Mr. Chappel was Chief Financial Officer, from 2007, and a director, from 2008, of the general partner of Williams Pipeline Partners L.P., until its merger with Pre-Merger Williams Partners in 2010. Williams Pipeline Partners L.P. was an energy pipeline MLP formed and controlled by Williams. Prior to joining Williams, Mr. Chappel held various financial, administrative and operational leadership positions. Mr. Chappel is included in Institutional Investor magazine’s Best CFOs listing for 2006 to 2008 and 2010 to 2014. Among his many qualifications, Mr. Chappel brings significant experience in finance and accounting as a senior finance executive of several large public companies. Mr. Chappel serves as a director of two non-profit organizations, The Children’s Hospital Foundation at St. Francis and Family & Children’s Services of Oklahoma.

Irwin Cohen

Mr. Irwin S. Cohen is an Independent Director of Supervalu Inc., Mr. Cohen is a Retired Partner of Deloitte & Touche LLP, a professional services firm providing audit, tax, financial advisory and consulting services. Mr. Cohen, who joined Deloitte in 1962 and became a partner in 1972, served as the Global Managing Partner of the Consumer Products, Retail and Services Practice of Deloitte from 1997 to 2003. Mr. Cohen also founded and led Deloitte’s Consumer Products, Retail and Services Practice as it grew to serve over 100 countries in Europe, Asia Pacific and the Americas. Mr. Cohen brings considerable experience in retail and accounting as a result of his experience with Deloitte. Mr. Cohen is also a director and chair of the Audit Committee of Stein Mart Inc., a discount fashion retailer with sales in excess of $1 billion. In addition, he currently serves or has served on the boards of several private and non-profit companies.

Eric Johnson

Mr. Eric G. Johnson has been appointed as an Independent Director of SUPERVALU INC., Mr. Johnson is the President and Chief Executive Officer of Baldwin Richardson Foods Company (“Baldwin Richardson”), one of the largest African-American-owned businesses in the food industry, a position he has held since 1997. Baldwin Richardson is a major producer of products and ingredients for McDonald’s, Kellogg, General Mills and Frito Lay. Baldwin Richardson also has retail brands and foodservice products that it distributes nationally. Mr. Johnson purchased Baldwin Ice Cream Co. in 1992, and, in 1997, he completed the acquisition of Richardson Foods from Quaker Oats Company to form Baldwin Richardson. From 1989 to 1991, Mr. Johnson served as Chief Executive Officer of Johnson Products Company. Among his many qualifications, Mr. Johnson brings considerable food industry and business experience from the perspective of a manufacturer and supplier of food products to the retail and foodservice markets. Mr. Johnson serves as a member of the Board of Directors for Lincoln National Corporation and is chairman of its Finance Committee. He also sits on the Board of Trustees for Babson College and serves on the Board of the Urban League of Rochester. Mr. Johnson is a graduate of Babson College.

Francesca Luzuriaga

Ms. Francesca Ruiz de Luzuriaga is a Independent Director of Supervalu Inc. Ms. Luzuriaga has been an independent business development consultant since 2000. Previously, she was the Chief Operating Officer of Mattel Interactive, a business unit of Mattel, Inc., one of the major toy manufacturers in the world, from 1999 to 2000. Prior to holding this position, she served Mattel as its Executive Vice President, Worldwide Business Planning and Resources, from 1997 to 1999, and as its Chief Financial Officer from 1995 to 1997. Among her many qualifications, Ms. Luzuriaga brings substantial prior leadership experience in the operations and strategy side of businesses, both in the United States and internationally, as well as financial expertise and experience in corporate finance. Ms. Luzuriaga is a director and serves as the chair of the Audit Committee for Office Depot, Inc. Previously, she was a director of OfficeMax Incorporated from 1998 to November 2013. Since January 2012, she has been a director of SCAN Health Plan, a not-for-profit Medicare Advantage health plan. From 2002 until 2005, she was also a director of Providian Financial Corporation.

Mathew Pendo

Mr. Mathew M. Pendo is an Independent Director of the Supervalu Inc. Mr. Pendo serves as Managing Director of Oaktree Capital, an investment firm that specializes in less efficient markets and alternative investments, and has held that position since June 2015. Prior to joining Oaktree, from September 2013 until June 2015, Mr. Pendo served as a Managing Director at Sandler O’Neill Partners, an investment banking boutique focused on the financial services industry. Prior to joining Sandler O’Neill Partners, Mr. Pendo served as the Chief Investment Officer for the Troubled Asset Relief Program (“TARP”) at the U.S. Department of the Treasury from November 2010 until March 2013. He previously served as Managing Director Investment Banking for Barclays Capital from 2003 until October 2010, where he served as Co-Head of the Industrials Group and the U.S. Investment Banking Group. Mr. Pendo previously served as a director of Ally Financial Inc., a bank holding company focused on the auto finance and online banking industries, from 2013 to 2015. Mr. Pendo holds a Bachelor of Arts in Economics from Princeton University and received a Distinguished Service Award from the U.S. Department of Treasury for his work overseeing TARP’s investment activities. Among his many qualifications, Mr. Pendo brings substantial financial and investment banking experience to the Board.

Wayne Sales

Mr. Wayne C. Sales is a Independent Director of Supervalu Inc. He was Non-Executive Chairman of the Board from 2010 to 2012. He served as Executive Chairman of the Board, Chief Executive Officer and President of SUPERVALU from July 2012 to February 2013. He is the retired vice chairman of Canadian Tire Corporation Limited, Canada's most-shopped general merchandise retailer and the country's independent gasoline retailer, which he led as Chief Executive Officer and President from 2000 to 2006. Mr. Sales' retail executive experience spans more than 35 years. Prior to joining Canadian Tire in 1991, he served in several senior leadership positions with the U.S. division of Kmart Corporation in the areas of marketing, merchandising and store operations. Mr. Sales' accomplishments earned him several industry awards, including Distinguished Retailer of the Year in 2004 by the Retail Council of Canada and CEO of the Year by Canadian Business Magazine in 2005. In 2009, Mr. Sales was also inducted into the Canadian Marketing Hall of Legends. Mr. Sales is a director and chair of the Compensation Committee of Tim Hortons Inc., the fourthpublicly traded quick service restaurant chain in North America based on market capitalization. He retired from his other board positions with Georgia Gulf Corp, a integrated North American manufacturer of chemicals and vinyl-based building and home improvement products, and Discovery Air Inc., a specialty aviation company, when he became President and Chief Executive Officer of the Company in 2012.

Frank Savage

Mr. Frank A. Savage is Independent Director of the Supervalu Inc. Mr. Savage has been a senior advisor to investment banking firm Lazard Ltd. (“Lazard”) since January 1, 2014 and served as Vice Chairman of U.S. Investment Banking at Lazard from 2009 to December 31, 2013. He was the Co-Head of Lazard’s Restructuring Group from June 1999 to December 31, 2013 and also served on Lazard’s Deputy Chairman Committee from 2006 to December 2013. Prior to joining Lazard, Mr. Savage served as Co-Head of the Restructuring Practice at investment banking firm BT Alex. Brown Inc. and before that was the Head of the Restructuring Group at investment bank UBS AG. Mr. Savage holds a degree from the University of Pennsylvania’s Wharton School of Business. Among his many qualifications, Mr. Savage brings extensive financial, restructuring and investment banking experience to the Board, Mr. Savage has served as a director of Rite Aid Corporation since June 2015.

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