Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Grantcw who wrote (42321)	5/13/2011 9:48:28 AM
From: E_K_S	Read Replies (2) \| Respond to of 78594

Re: SUPERVALU Inc. (SVU) SUPERVALU Announces New CEO & President for Save-a-Lot finance.yahoo.com From the article:"...Roces, 48, replaces Bill Shaner, who has led Save-A-Lot since 2006 and helped establish Save-A-Lot as one of the premier hard-discount grocery stores in America. Under Shaner’s tenure, Save-A-Lot outlined a significant growth strategy, which resulted in the company growing by 92 stores last year...." --------------------------------------------------------------------- This was one of their divisions that was doing good showing growth and profitability. Wonder why management has decided to terminate him? The CEO (a former Wal-Mart executive) has brought in another Wal-Mart executive to run the operation. The rumor is that the Save-A-Lot model will be the retail engine for Supervalu going forward. Perhaps the CEO plans to insert "his own guys" into the division before they launch the new model across all stores. EKS