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Supervalu Adjusts Executive Posts

MINNEAPOLIS — Supervalu here said Wednesday it has restructured its executive leadership team "to ensure alignment around the company's goals and to better drive and execute [its] business turnaround."

According to Wayne Sales, chairman, president and chief executive officer, "We are moving quickly to reinvigorate Supervalu, and that starts with leadership. The changes to my executive team are designed to address two of our most immediate priorities: driving profitable sales in our retail stores and taking costs out of the business. These efforts are critical to our successful turnaround."

Read more: Sales Takes Over at Supervalu

Under the restructuring:

• Kevin Holt has been named president of Supervalu retail, a new position, responsible for addressing profitable sales growth. Holt, who joined Supervalu in May, was formerly executive vice president, retail operations.

• Michael Moore, who remains executive vice president and chief marketing officer, and Tim Lowe, newly named executive vice president of merchandising, will report to Holt. Lowe was previously senior vice president of merchandising and, until earlier this year, was president of the company's Shoppers division.

• Janel Haugarth will become executive vice president, business optimization and process improvement, a new position, responsible for identifying and executing strategies to streamline Supervalu. Haugarth was formerly executive vice president, merchandising. Fred Boehler, who remains senior vice president of supply chain, will add Haugarth's former responsibilities for logistics and procurement.

According to a Supervalu spokesman, "The changes are designed to help the company move faster in its turnaround and ensure the right people are working together to execute on our goal."

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