JACKSONVILLE, FL - A new year and a new CEO. That's the plan at Bi-Lo Holdings at least.
The company has annouced that longtime CEO Randall Onstead will stepping down from his position as of March 1st, 2015. According to company Spokesperson Brian Wright, Onstead's replacement has already been located, although the company has thus far declined to disclose any information about the person's identity. Whoever has been selected will inherit a retail operation of impressive size, with over 800 store locations between the Winn-Dixie, Harveys, and Bi-Lo banners. In fact, the company is the 5th largest conventional supermarket chain in the U.S. and the 2nd largest conventional supermarket in the Southeast.
As the Florida Business Journal notes, Onstead's time as CEO has certainly been action-packed. The 58-year-old retail veteran guided the company through Chapter 11 bankrupcy in 2009 and the $560 million acquisition of Winn-Dixie in 2011.
AndNowUKnow would like to wish Onstead the best with this next exciting phase in his career. Stay tuned as we continue to track this process as it develops.
