BRUNO'S SETS CHAPTER 11 EXIT, NEW CHAIRMAN

BIRMINGHAM, Ala. -- Bruno's here said last week it expects to emerge from Chapter 11 this week, just over 23 months after filing for bankruptcy protection.The 152-store chain will emerge with a new name, Bruno's Supermarkets, and a new chairman, Terry R. Peets. James A. Demme, formerly chairman, will retain his positions as president and chief executive officer.Implementation of the company's plan

BIRMINGHAM, Ala. -- Bruno's here said last week it expects to emerge from Chapter 11 this week, just over 23 months after filing for bankruptcy protection.

The 152-store chain will emerge with a new name, Bruno's Supermarkets, and a new chairman, Terry R. Peets. James A. Demme, formerly chairman, will retain his positions as president and chief executive officer.

Implementation of the company's plan of reorganization will end two years of operating as a debtor-in-possession --

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