Today, The Great Atlantic & Pacific Tea Company, Inc. (A&P) (NYSE:GAP)
announced that Ron Marshall will assume the role of President & Chief
Executive Officer effective February 8th.
Mr. Marshall brings to A&P all the critical competencies and experiences
for which the Company has been looking. Mr. Marshall has extensive
experience leading a public company, with a track record of successful
turnarounds. He has broad experience in the retail industry and
specifically in food retail where he has spent more than 12 years of his
career in the highest levels of management. Mr. Marshall also brings a
sound understanding of the Northeast marketplace as well as important
insights from his previous experience as the President & Chief Executive
Officer at Borders Group, the CEO at Nash Finch, and previously as
Executive Vice President and Chief Financial Officer of Pathmark. Mr.
Marshall has also served on the board of many prestigious organizations
including Nash Finch Company and Claire’s Stores.
"I am very much looking forward to working with Christian, the Board of
Directors and the management team to realize A&P’s tremendous strategic
potential. I am confident that, together, we will bring A&P back to its
leadership position,” stated Ron Marshall.
"The Board of Directors and I are very excited about the strengths,
competencies and experiences that Ron brings to A&P. He will be the key
leader in our turnaround. I’m looking forward to working together with
Ron and the Yucaipa team to improve our immediate performance as well as
develop strategies to drive sustainable success in the future. With Ron
as our next Chief Executive Officer I am confident that we will realize
the tremendous strategic value of the Company and capitalize on our
leadership position in the Northeast,” stated Christian Haub, Executive
Chairman.
About A&P
Founded in 1859, A&P is one of the nation's first supermarket chains.
The Company operates 433 stores in 8 states and the District of Columbia
under the following trade names: A&P, Waldbaum's, Pathmark, Best
Cellars, The Food Emporium, Super Foodmart, SuperFresh and Food Basics.
For more information, please visit http://www.aptea.com.