You are here
The Great Atlantic & Pacific Tea Co., Inc. (A&P) has appointed Ron Marshall its president and CEO, effective Feb. 8.
Remarking on the storied grocer’s “tremendous strategic potential, Marshall noted: “I am confident that [executive chairman Christian Haub, the board of directors, the management team and I] will bring A&P back to its leadership position.”
Marshall was chosen to head the company after an extensive search following the abrupt exit of Eric Claus in October amid underwhelming second-quarter financial results. Third-quarter performance, made public earlier this month, was also poor. An experienced hand at leading a public company, with a track record of successful turnarounds, Marshall possesses broad experience in the retail industry — particularly food retailing, where he spent over 12 years of his career in high-level management positions. Marshall also brings to his new position a deep understanding of the Northeast marketplace, in addition to important insights from his previous tenures as president and CEO of Borders Group, CEO at Nash Finch, and EVP and CFO of Pathmark.
“He will be the key leader in our turnaround,” said Haub, adding that Marshll, he and the team from A&P investor Yucaipa would work together “to improve our immediate performance as well as develop strategies to drive sustainable success in the future.”
Montvale, N.J.-based A&P operates 433 stores in eight states and the District of Columbia under the following banners: A&P, Waldbaum’s, Pathmark, Best Cellars, The Food Emporium, Super Foodmart, SuperFresh and Food Basics.