Randall Onstead Departing Bi-Lo

Randall Onstead will leave his position as president and CEO of Jacksonville, Fla.-based Bi-Lo Holdings, parent company of the Bi-Lo and Winn-Dixie banners, in March, according to a published report. No reason was given for his departure.

A successor has already been chosen, but won't be revealed until a later time, according to company spokesman Brian Wright in the Florida Times-Union. Employees were informed last week of Onstead's impending departure, Wright told the newspaper.

Onstead has been with Bi-Lo for seven years, predating its 2012 merger with Winn-Dixie, after which the combined company set up its corporate headquarters in Winn-Dixie's home city of Jacksonville. In 2013, Bi-Lo purchased 22 Piggly Wiggly stores in Georgia and South Carolina, converting them to the Bi-Lo banner. Last year, the company bought 165 stores from the Delhaize Group for $246 million in cash. Bi-Lo currently operates 830 stores in eight southeastern states.

In 2013, Bi-Lo said it would go public, but later withdrew its plans to do so last year without providing a reason.