PENN TRAFFIC CEO RESIGNS; SOME EXPECT RESTRUCTURING

SYRACUSE, N.Y. -- Penn Traffic Co. here said Phillip E. Hawkins has resigned as president and chief executive officer -- a development observers believe may reflect the need for some kind of restructuring.Gary Hirsch, Penn Traffic chairman, told SN last week the company has "no plans, no desire and no intent" to restructure.The company said Hawkins left after less than 17 months "to pursue other interests."

SYRACUSE, N.Y. -- Penn Traffic Co. here said Phillip E. Hawkins has resigned as president and chief executive officer -- a development observers believe may reflect the need for some kind of restructuring.

Gary Hirsch, Penn Traffic chairman, told SN last week the company has "no plans, no desire and no intent" to restructure.

The company said Hawkins left after less than 17 months "to pursue other interests." Hawkins could not be reached for comment last week.

Penn Tra

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