MONTVALE, N.J. — A&P Wednesday said Raymond P. Silcock has been named chief financial officer, succeeding Frederic “Jake” Brace, who is resigning in conjunction with A&P’s emergence from Chapter 11 bankruptcy protection.
Silcock joined A&P in December as head of finance. Most recently he was an executive with private equity firm Palm Ventures and previously was CFO for food and beverage companies UFT, Swift & Co. and Cott.
Brace was A&P’s chief administrative officer and became chief restructuring officer when the company filed for Chapter 11 in December of 2010. He assumed the duties of the CFO upon the resignation of Brenda Galgano in 2011.
"I am delighted that Ray Silcock has agreed to assume the role of CFO, as we mark A&P's emergence with a strong foundation for future performance," Sam Martin, A&P's president and chief executive officer, said in a statement. "Ray brings to A&P significant food industry experience as a CFO of both private and public companies. Since joining the Company in December, Ray has worked alongside Jake and the entire finance team to complete our restructuring and put in place the right financial foundation to support our emergence as a private company."