Content about Sam Duncan

January 9, 2014

While Save-A-Lot is still the jewel in the crown of Supervalu, the chain has committed to investing into its retail supermarket banners with a makeover for all of the banners, a review of the planograms within those banners and private label.

MINNEAPOLIS — While Save-A-Lot is still the jewel in the crown of Supervalu, the chain has committed to investing into its retail supermarket banners with a makeover for all of the banners, a review of the planograms within those banners and private label. 

October 17, 2013

Supervalu on Thursday reported a second quarter fiscal 2014 net sales increase of 0.2% to $4 billion and net earnings of $40 million, or $0.15 per diluted share.

MINNEAPOLIS — Supervalu on Thursday reported a second quarter fiscal 2014 net sales increase of 0.2% to $4 billion and net earnings of $40 million, or $0.15 per diluted share.

July 24, 2013

Supervalu named Bruce Besanko as the company’s EVP and CFO, effective Aug. 7.

EDEN PRAIRIE, Minn. — Supervalu on Wednesday named Bruce Besanko as the company’s EVP and CFO, effective Aug. 7.

Besanko joins Supervalu from OfficeMax, where he was EVP finance, CFO and chief administrative officer. “Having worked with him during a successful turnaround at OfficeMax, I know firsthand of his talent, financial acumen, commitment to success and overall work ethic — all of which will be critical as we continue our rebuilding efforts here at Supervalu," stated Supervalu president and CEO Sam Duncan. 

July 18, 2013

Supervalu announced the election of the final two members to its reconstituted board: Eric Johnson, president and CEO of Baldwin Richardson Foods Co., and Sam Duncan, Supervalu president and CEO.

MINNEAPOLIS — Supervalu on Thursday announced the election of the final two members to its reconstituted board: Eric Johnson, president and CEO of Baldwin Richardson Foods Co., and Sam Duncan, Supervalu president and CEO.

July 18, 2013

Supervalu on Thursday reported first quarter fiscal 2014 net sales of $5.2 billion, down 1.5%, and net earnings of $85 million, or $0.34 per diluted share.

MINNEAPOLIS — Supervalu on Thursday reported first quarter fiscal 2014 net sales of $5.2 billion, down 1.5%, and net earnings of $85 million, or $0.34 per diluted share. The decrease in net sales primarily reflects a decline in identical store sales of negative 3% percent for retail food and negative 1.9% for Save-A-Lot. Identical store sales for corporately operated stores within the Save-A-Lot network were negative 1.2%.

July 12, 2013

Supervalu on Friday announced a leadership change at the company’s Shoppers division, based in Bowie, Md., as current president Bob Bly has decided to leave the company to pursue new career opportunities.

EDEN PRAIRIE, Minn. — Supervalu on Friday announced a leadership change at the company’s Shoppers division, based in Bowie, Md., as current president Bob Bly has decided to leave the company to pursue new career opportunities. VP merchandising Bob Gleeson and VP operations Micky Nye will lead Shoppers on an interim basis while the search for a replacement is underway. 

The change is effective immediately, the grocer reported.

April 3, 2013

Supervalu announced additional changes at the senior level as Sam Duncan, Supervalu president and CEO, finalizes his executive leadership team.

MINNEAPOLIS — Supervalu on Wednesday announced additional changes at the senior level as Sam Duncan, Supervalu president and CEO, finalizes his executive leadership team.

Sherry Smith, EVP and CFO, will leave the company at the end of May. Smith has served as the company’s CFO since her appointment in December 2010. She has spent 26 years with Supervalu and previously served as SVP, finance. The company plans to announce a new CFO at a later date.

March 22, 2013

Supervalu on Friday named several executives to the company's leadership team one day following the closing of its divestiture of five retail banners to AB Acquisition.

MINNEAPOLIS — Supervalu on Friday named several executives to the company's leadership team one day following the closing of its divestiture of five retail banners to AB Acquisition. 

March 21, 2013

Supervalu announced the completion of the sale of its Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market stores and related Osco and Sav-on in-store pharmacies to AB Acquisition LLC, an affiliate of a Cerberus Capital Management-led investor consortium, in a stock deal valued at $3.3 billion, including $100 million in cash and $3.2 billion in debt assumption.

MINNEAPOLIS — Supervalu on Thursday announced the completion of the sale of its Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market stores and related Osco and Sav-on in-store pharmacies to AB Acquisition LLC, an affiliate of a Cerberus Capital Management-led investor consortium, in a stock deal valued at $3.3 billion, including $100 million in cash and $3.2 billion in debt assumption. 

February 25, 2013

When Supervalu announced this past summer a review of strategic alternatives, its goals were to improve its business, better position the company for the future and create the best opportunity to deliver shareholder value. This effort has led to the sale of 877 stores to AB Acquistion.

When Supervalu announced this past summer a review of strategic alternatives, its goals were to improve its business, better position the company for the future and create the best opportunity to deliver shareholder value. This effort has led to the sale of 877 stores to AB Acquistion.

Following the sale, Supervalu will consist of its wholesaler business, which serves 1,950 stores across the country; Save-A-Lot with approximately 1,300 stores across 35 states; and Supervalu's regional retail food banners Cub, Farm Fresh, Shoppers, Shop 'n Save and Hornbacher's.