SUPERVALU INC. Elects Philip L. Francis to Board of Directors

Strategic Insights -

SUPERVALU INC. has taken a significant step forward in its transformational journey by electing Philip L. Francis, chairman and chief executive officer of PetSmart, Inc., to its board of directors. The move is expected to bring depth and industry insight to the company as it navigates its most critical chapter in its 135-year history. With a wealth of experience in the retail industry, Francis's addition is seen as a strategic play to drive growth and innovation for SUPERVALU INC.

Key Takeaways:

  • Philip L. Francis, chairman and chief executive officer of PetSmart, Inc., has been elected to the SUPERVALU INC. board of directors.
  • Francis brings extensive retail experience, including senior positions at Cardinal Health, Jewel Companies, Roundy's Inc., and Shaw's Supermarkets, Inc.
  • He has served as president and chief executive officer of PetSmart since March 1998 and as chairman of PetSmart's board of directors since October 1999.
  • Francis's appointment comes at a pivotal moment for SUPERVALU INC., as the company embarks on the most transformative chapter of its history.
  • SUPERVALU INC. has approximately 57,000 employees and 1,532 retail grocery locations across the United States, with annual revenues of around $20 billion.
  • The company has a geographically diverse supply chain network and provides distribution and related logistics support services to grocery retailers across the nation.
  • SUPERVALU INC. is expected to become the nation's second-largest supermarket chain with annual revenues of around $44 billion following the acquisition of Albertson's, Inc.

Statistics:

  • SUPERVALU INC. has approximately 57,000 employees.
  • The company operates 1,532 retail grocery locations across the United States.
  • Annual revenues for SUPERVALU INC. are around $20 billion (pre-acquisition).
  • The company's acquisition of Albertson's, Inc. is expected to yield annual revenues of around $44 billion.
  • SUPERVALU INC. will become the nation's second-largest supermarket chain following the acquisition.

Sources:

  • MINNEAPOLIS -- The Board of Directors of SUPERVALU INC. (NYSE:SVU) today announced that it elected Philip L. Francis, chairman and chief executive officer of PetSmart, Inc., to the board.
  • About SUPERVALU INC. Celebrating its 135th year of fresh thinking, SUPERVALU INC., a Fortune 500 company, is one of the largest companies in the United States grocery channel.
  • On January 23, 2006, SUPERVALU, CVS and an investment group led by Cerberus Capital Management, L.P. announced that they had reached definitive agreements to acquire Albertson's, Inc. (NYSE:ABS).