Gross Named Supervalu CEO As Duncan Retires

Supervalu Inc. has appointed Mark Gross as the company’s president and CEO. He is succeeding Sam Duncan, who previously announced that he would retire from the position.

Gross was co-president of C&S Wholesale Grocers from 2005 to 2006. For the past decade, Gross has led Surry Investment Advisors, a firm he founded that provides consulting services to grocery distributors and retailers with respect to strategic and operational matters.

“Mark is a talented, strategic and results-driven leader with a wealth of industry experience,” said Jerry Storch, Supervalu’s non-executive chairman of the board. “We are extremely pleased that Mark will be leading Supervalu, and we look forward to working with him to drive the company’s performance.”

Gross said, “I am delighted to have the opportunity to help take the company to the next level and to work with the board and management team to set the strategic path for the future. I look forward to working with our great customers and the talented group of employees in this company, including working with Eric Claus as Supervalu continues to explore and prepare for a potential spin-off of Save-A-Lot.”

Claus is the CEO of Supervalu’s Save-A-Lot value grocery store operation.