Supervalu Adds Two to Board of Directors


Fri. April 26th, 2013

<p style="text-indent:0px; line-height:12px;"><span style="font-weight:bold;line-height:130%"> Eden Prairie, MN</span><hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">By ANUK Staff<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">4.29.13</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p>Supervalu has added two members to its Board of Directors. John Standley, Chairman, President and CEO of Rite Aid Corporation and Mark Neporent, COO and General Counsel of Cerberus Capital Management join the board as directors.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">“I am very pleased that John and Mark have accepted positions on our Board,” said Bob Miller, SUPERVALU’s non-executive chairman. “It is important that we have a strong Board of Directors with a mix of industry, financial and professional experience to draw upon. John and Mark provide tremendous knowledge and a strong understanding of the guidance and direction this Board should offer SUPERVALU during its rebuilding process.”<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">Standley has spent the past 20 years in executive leadership roles in the grocery and pharmacy retail business. He was named CEO in June 2010. He was elected chairman of Rite Aid’s Board of Directors in June 2012. Standly is currently vice chairman of the National Association of Chain Drug Stores (NACDS).<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">Mr. Neporent is a designee of Symphony Investors, a Cerberus affiliate. He has served as COO and general counsel of Cerberus since 1998. Cerberus, one of the world's leading private investment firms, has more than $20 billion under management.</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p><a class="btn btn-sm btn-primary col-lg-12" style="white-space: normal;" href=" http://www.supervalu.com/sv-webapp/" target="_new">Supervalu</a></p><hr class="legacyRuler"><hr class="invisible minimal-padding">