Supervalu Elects Gerald Storch to the Board of Directors


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Mon. January 13th, 2014 - by Sarah Hoxie

<p> Supervalu is adding a new retail executive to its Board of Directors following the resignation of Robert Miller, who served on the board since March 2013. Miller is relinquishing his position to focus on other demands, according to a press release. In his place, Supervalu is appointing Gerald Storch as its new non-executive chairman of the board.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"> Phil Francis, Director, said that Storch’s tremendous experience in food and specialty retailing makes him well qualified for the role. “At the same time, we are grateful to Bob Miller, who is truly a giant in the retail grocery industry, for his service on the Supervalu Board of Directors,” said Francis. “The Board will continue to consult with Bob as a non-paid advisor to the Board as we move forward, and we are both pleased and fortunate that Bob is willing to assist in this capacity.”<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"> Storch is a chairman and CEO of Storch Advisors, a senior management advisory and consulting firm that focuses on retailing, e-commerce, consumer products and services, and consumer financial services. From 2006-2013, he served as chairman and CEO of Toys “R” Us, where he helped to expand the company’s e-commerce business. Prior to Toys “R” Us, he served as vice chairman of Target and also led its e-commerce website and its grocery business.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"> Congrats Gerald on your new position with Supervalu!</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://phoenix.corporate-ir.net/phoenix.zhtml?c=93272&amp;p=irol-irHome" target="_new"> Supervalu </a></p><hr class="legacyRuler"><hr class="invisible minimal-padding">