Dive Summary:
- Former OfficeMax executive Bruce Besanko will take over as new EVP and CFO of Supervalu grocery company, beginning on August 7th.
- Supervalu is currently reporting yearly sales revenues of $17 billion and is one of the biggest retail grocers in America. Current CFO Sherry Smith is set to resign from the company.
- “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,” Said Supervalu CEO Sam Duncan.
From the article:
Prior to his work at OfficeMax, Besanko served as VP of finance and CFO for Circuit City Stores Inc. from 2007-2009, as well as SVP of finance and CFO for the Yankee Candle Company Inc. from 2005 to 2007. He also held financial leadership positions at Best Buy Co. Inc., Sears, Roebuck & Co. and Atlantic Richfield Company in the years prior.
