MONTVALE, N.J. - A&P here on Friday said it has named board member Frederic F. "Jake" Brace to the newly created position of chief administrative officer, the third high-level hire at the troubled company in the past week.
Brace, whose career included a 20-year stint at United Airlines, will oversee A&P finance and accounting, real estate and information systems departments. Brace, 52, was executive vice president and chief financial officer at United from 2002 until he retired in 2008, during which time "played a critical leadership role in United's successful turnaround," A&P said.
He will report to Sam Martin, who was named president and chief executive officer last month.
"Over the last year, Jake Brace has provided critical insight to the company on a range of important issues as a member of our board of directors," Martin said. "I am pleased that he has agreed to join A&P's executive management team and am confident that his strategic and financial expertise and successful turnaround experience will be extremely valuable as we take the steps necessary to position the company for a strong future."