Former CEO Countersues A&P

HACKENSACK, N.J. — James Wood, the former chief executive officer of A&P, has filed a countersuit against the company in Superior Court here, alleging that the retailer’s suit against him seeking repayment of his retirement package was based on a personal vendetta, reports said.

HACKENSACK, N.J. — James Wood, the former chief executive officer of A&P, has filed a countersuit against the company in Superior Court here, alleging that the retailer’s suit against him seeking repayment of his retirement package was based on a personal vendetta, reports said.

Montvale, N.J.-based A&P filed a lawsuit last August claiming that Wood had been overpaid by $467,814 through his retirement package, which is funded through an annuity. Wood retired in 1995.

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