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4-Traders Homepage  >  Equities  >  Nyse  >  SUPERVALU INC.    SVU

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SUPERVALU : Shakeup at Supervalu's Cub Foods, Hymas leaves and search for new leader begins

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02/23/2017 | 08:15pm CET

Feb. 23--Eric Hymas, a senior Supervalu Inc. executive who led Cub Foods for the past year, is leaving the company.

Hymas became president of Cub, the leading grocery store chain in the Twin Cities and the largest grocery unit of Supervalu, in January 2016.

He led the company's Shop 'n Save chain for nearly three years before that and was previously senior vice president for merchandising for all Supervalu units.

Chad Ferguson, Supervalu's vice president of marketing and consumer insights, will take the lead of Cub on an interim basis.

He joined Supervalu in 2013 after more than 20 years at Kroger. Since joining Supervalu, he has also been interim president at Farm Fresh in 2013 and Shop 'n Save in 2015.

"Chad is a dynamic leader with a wealth of experience and I'm very pleased he will be stepping in to lead Cub," Anne Dament, senior vice president of retail, merchandising, and marketing at Supervalu, said in a statement. "We appreciate Eric's many contributions to Cub and Supervalu over the years and wish him all the best in his future endeavors."

Dament left Target after 18 months as its grocery chief to join Supervalu in January. Supervalu's four retailers, including Cub, have faced intense competition across the country, Bruce Besanko, the company's chief financial officer, said in January. "We are unhappy with our retail performance," he said during an earnings call.

___

(c)2017 the Star Tribune (Minneapolis)

Visit the Star Tribune (Minneapolis) at www.startribune.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

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Financials ($)
Sales 2017 14 930 M
EBIT 2017 332 M
Net income 2017 67,3 M
Debt 2017 1 404 M
Yield 2017 -
P/E ratio 2017 15,92
P/E ratio 2018 9,55
EV / Sales 2017 0,17x
EV / Sales 2018 0,18x
Capitalization 1 065 M
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Mean consensus HOLD
Number of Analysts 11
Average target price 5,04 $
Spread / Average Target 27%
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Managers
NameTitle
Mark Gross President, Chief Executive Officer & Director
Gerald L. Storch Non-Executive Chairman
Bruce H. Besanko EVP, Chief Operating & Financial Officer
Randy G. Burdick Chief Information Officer & Executive VP
Irwin S. Cohen Independent Director
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