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Hard on the heels of president and CEO Eric Claus’ abrupt departure this week, the Great Atlantic & Pacific Tea Co., Inc. (A&P) has named Andreas Guldin its vice chairman and chief strategy officer. Guldin reports directly to executive chairman Christian Haub.
Guldin came to A&P in May 2007 as executive managing director, strategy & corporate development, simultaneously taking a seat on the company’s board of directors. Previously, he was a senior EVP (corporate finance) and co-CFO of majority A&P shareholder Tengelmann Warenhandelsgesellschaft KG, and has acted as an adviser to the executive chairman and board of directors of A&P since late 2005.
Since joining the Montvale, N.J.-based grocer, Guldin played a key role in the negotiations in connection with the Pathmark acquisition, and led the company’s efforts in procuring new equity financing from both Tengelmann and Yucaipa, enabling A&P to raise further financing in the public debt markets.
In his new role, Guldin will assume a more prominent role in guiding A&P’s long-term strategy development.
A&P operates 433 stores in eight states and the District of Columbia under the following banners: A&P, Waldbaum’s, Pathmark, Pathmark Sav-a-Center, Best Cellars, The Food Emporium, Super Foodmart, Super Fresh and Food Basics.