<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 Eric Anderson<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">5.10.13</p><hr class="legacyRuler"><hr class="invisible minimal-padding"><p>Supervalu is paying CFO Sherry Smith $300,000 to stay two months longer than originally intended as the company continues to seek a suitable replacement.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding"><img src="https://cdn.andnowuknow.com/legacyWriterImages/hl_supervalu_may_2013_BANNER.jpg" alt="images 051013" /><hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">CFO since 2010, Smith was slated to leave her 26 year run at the company at the end of May; however, she has agreed to stay until the end of July.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">The retention payment accompanies her normal salary according to a filing with the U.S. Securities and Exchange Commission.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">For 2012, Smith took home a total of $1.8 million including a base salary of $594,615, according to the Twin Cities Business Magazine.<hr class="legacyRuler"><hr class="legacyRuler"><hr class="invisible minimal-padding">The company was not available for an immediate comment. </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://tcbmag.com/News/Recent-News/2013/May/Supervalu-CFO-Paid-300K-to-Stay-Two-More-Months" target="_new">Supervalu Report</a></p><hr class="legacyRuler"><hr class="invisible minimal-padding">
