Supervalu taps Herkert as c.e.o.

by Staff
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MINNEAPOLIS — The board of directors of Supervalu Inc. has elected Craig Herkert to the position of chief executive officer. He succeeds Jeff Noddle, who has been c.e.o. since 2001 and chairman of the board since 2002. Mr. Noddle will continue as the company’s executive chairman and will work closely with Mr. Herkert over the upcoming months to ensure a smooth transition of senior management. A start date has not been determined.

"As we approach the end of year three of our company’s transformation and as I begin planning for retirement, the time is right to lay the groundwork for continuity of leadership through the next phase of our journey," Mr. Noddle said. "Craig Herkert is a talented executive with extensive experience in food retailing and supply chain management. As an integral part of Wal-Mart’s senior leadership team, he has demonstrated an ability to create shareholder value and achieve business results. I look forward to working closely with Craig in the coming months to ensure a seamless transition as we, and other members of the Supervalu team, continue to focus on our company’s future growth and success."

A veteran with more than 30 years of retail experience, Mr. Herkert most recently was president and c.e.o. of the Americas at Wal-Mart Stores, Inc. since 2004. From 2000 to 2003, he was senior vice-president and chief operating officer of Wal-Mart International, responsible for international merchandising, marketing and operations. Prior to joining Wal-Mart, he spent 23 years with the American Stores and Albertsons companies. At the time of his departure from Albertsons in 2000, he was executive vice-president of marketing. He had previously worked as president of Acme Markets and started his grocery career at a Jewel-Osco store in Chicago.

He received a bachelor’s degree in marketing from St. Francis College in Joliet, Ill., and a master’s of business administration degree from Northern Illinois University.

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