Content about Wayne Sales

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.

February 4, 2013

Supervalu on Monday named Sam Duncan president and CEO.

MINNEAPOLIS — Supervalu on Monday named Sam Duncan president and CEO. In this role he succeeds Wayne Sales, who has served as the company’s president and CEO since July 2012. The succession was first reported last month, when Supervalu announced its agreement with AB Acquisition to sell five of its retail banners as well as enter into an agreement with Symphony Investors to conduct a tender offer for up to 30% of Supervalu's outstanding common stock. 

January 10, 2013

The sale of 877 stores to Cerberus Capital Management will help Supervalu re-energize its remaining three businesses, current Supervalu president and CEO Wayne Sales told analysts Thursday morning.

MINNEAPOLIS — The sale of 877 stores to Cerberus Capital Management will help Supervalu re-energize its remaining three businesses, current Supervalu president and CEO Wayne Sales told analysts Thursday morning. "What this means … is the company is smaller," Sales said. "And we exit with a much smaller balance sheet to ensure liquidity going forward," he said. This sale will not be followed by any further divestitures, Sales said. "We're not shopping any other assets."

October 18, 2012

Supervalu on Thursday morning announced it has named Janel Haugarth to lead its independent business organization, replacing Leon Bergmann, who has decided to leave the company.

 MINNEAPOLIS — Supervalu on Thursday morning announced it has named Janel Haugarth to lead its independent business organization, replacing Leon Bergmann, who has decided to leave the company. 

September 20, 2012

Supervalu on Thursday announced the appointment of Kathy Persian as SVP and chief information officer.

MINNEAPOLIS — Supervalu on Thursday announced the appointment of Kathy Persian as SVP and chief information officer. Persian, 45, joined the company in February 2010 in the role of group VP retail and merchandising systems, and later moved to group VP corporate planning, analysis and business process. 

Persian was named to the CIO post following the decision by Wayne Shurts to accept a position with another company, Supervalu reported. In her new role as chief information officer, Persian will lead all of the company’s information technology activities.

August 29, 2012

Moving ahead with its previously announced turnaround strategy, Supervalu said it has overhauled its executive leadership team.

MINNEAPOLIS — Moving ahead with its previously announced turnaround strategy, Supervalu said it has overhauled its executive leadership team.

August 6, 2012

Supervalu now is in full turnaround mode, and with the naming of Wayne Sales as CEO to lead the charge, analysts are saying the Canadian retail executive who helped turn around Canadian Tire is the right man for the job. But Supervalu still has plenty of heavy lifting to do.

WHAT IT MEANS AND WHY IT’S IMPORTANT — Supervalu now is in full turnaround mode, and with the naming of Wayne Sales as CEO to lead the charge, analysts are saying the Canadian retail executive who helped turn around Canadian Tire is the right man for the job. But Supervalu still has plenty of heavy lifting to do.

(THE NEWS: Supervalu names new president, CEO. For the full story, click here)

July 30, 2012

Supervalu on Monday named Wayne Sales, a Canadian hall-of-fame-caliber retailer, as the company's president and CEO, replacing Craig Herkert.

MINNEAPOLIS — Supervalu on Monday named Wayne Sales, a Canadian hall-of-fame-caliber retailer, as the company's president and CEO, replacing Craig Herkert.

“In my new role, I will work closely with our leadership team to improve our sales and earnings trajectory and generate long-term shareholder value, focusing relentlessly on identifying factors that will drive meaningful improvements in our strategy execution and overall performance,” Sales stated.