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Supervalu CFO Smith Exits; Robertson Named EVP
MINNEAPOLIS — Supervalu here said Wednesday that Sherry Smith, executive vice president and chief financial officer, will leave the company at the end of May.
April 3, 2013
2 Min Read
MINNEAPOLIS — Supervalu here said Wednesday that Sherry Smith, executive vice president and chief financial officer, will leave the company at the end of May.
She has been with Supervalu for 26 years, and has been CFO since 2010. The company said it would name a new CFO at a later date.
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In addition, Supervalu said it has named Karla Robertson executive vice president for legal, effective immediately. She succeeds Todd Sheldon, executive vice president, general counsel and corporate secretary, who will stay through May to assist the company in the completion of its fiscal 2013 year-end filings. At that time, Robertson will assume the additional roles and responsibilities held by Sheldon, including the title of executive vice president, general counsel and corporate secretary.
In her new role, Robertson will have responsibility for overseeing the legal, risk management and asset protection teams for the company as well as working closely with Supervalu’s non-executive chairman, Robert Miller, and the company’s 11-person board of directors.
Read more: Supervalu Returns to Wholesaler, Save-A-Lot Focus
Robertson joined Supervalu in July 2009 as senior labor and employment counsel and was later promoted to vice president of the employment, compensation and benefits law functions. Prior to joining Supervalu, Robertson was senior counsel with Target Corp. and was an associate attorney at Faegre & Benson, where she practiced in both the employment and business litigation areas.
“Sherry and Todd worked tirelessly to help structure the deal with AB Acquisition and then see the transaction through to completion,” said Duncan. “I am grateful for their commitment to this company and our shareholders and know they helped put us in a strong position to be successful going forward. I wish them both the best in their future endeavors.”
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