EXECUTIVE CHANGES

Smitty's CEO Is Stepping DownValu here said Jean Roch Vachon, its chairman and chief executive officer since 1990, is stepping down from those positions. However, Vachon will continue as chairman of the executive committee and will remain a director and shareholder. Succeeding him as chairman will be Ron Burkle, chairman of Yucaipa Cos., Los Angeles, which acquired the 28-store chain in June 1994.

Smitty's CEO Is Stepping Down

Valu here said Jean Roch Vachon, its chairman and chief executive officer since 1990, is stepping down from those positions. However, Vachon will continue as chairman of the executive committee and will remain a director and shareholder. Succeeding him as chairman will be Ron Burkle, chairman of Yucaipa Cos., Los Angeles, which acquired the 28-store chain in June 1994. Succeeding Vachon as chief executive officer will be David Green, who has been pre

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