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Article: Supervalu taps a rival; The Eden Prairie-based grocery company has hired a top executive of Wal-Mart, the nation's No. 1 food retailer, to succeed Jeff Noddle as CEO.(BUSINESS)
- Article from:
- Star Tribune (Minneapolis, MN)
- Article date:
- May 7, 2009
- Author:
CopyrightCOPYRIGHT 2009 Star Tribune Co. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: MATT McKINNEY; STAFF WRITER
Supervalu, looking for its next leader, announced Wednesday that it found someone at a company often portrayed as the destroyer of the traditional grocery store: Wal-Mart.
Craig R. Herkert, who until Tuesday night was the president and chief executive officer of the Americas at Wal-Mart, also spent time earlier in his career at Albertson's Inc. and Acme, two banners that came under Supervalu's control in a massive acquisition deal three years ago.
Herkert, 49, replaces outgoing CEO Jeff Noddle, 62, who said in a statement that "the time is right" for retirement.
The change comes amid a tough period ...