You are here
SYRACUSE, N.Y -- The Penn Traffic Co. here said yesterday that president and c.e.o. Robert Chapman has retired from the company and resigned from its board of directors, and that s.v.p. chief marketing and distribution officer Gregory J. Young and Robert Panasuk, formerly e.v.p. at A&P, have been named co-c.o.o.'s to replace him.
Young, who came to Penn Traffic in July, headed the retail operations of C&S Wholesale Grocers. Previously he was a group v.p. of A&P. He will be responsible for such areas as merchandising, marketing, distribution, wholesale and franchise operations, bakery manufacturing, information technology, and internal audit.
At A&P Panasuk handled merchandising, marketing and distribution for U.S. operations. Among his areas of responsibility at Penn Traffic will be store operations, human resources, finance, legal, real estate, construction, and maintenance.
According to Penn Traffic chairman Robert Kelly in a statement, "Bob Chapman played a very important role by leading the company out of chapter 11 and did so in a very competitive environment. He devoted a large part of his life to Penn Traffic. Bob is respected by our employees, vendors, and the community, and he will be missed by us all."
Continued Kelly: "Greg Young has a proven track record in generating sales growth and improving the merchandising of the supermarkets he has been associated with, [and] Bob Panasuk is a veteran supermarket executive with an impressive history of implementing operations improvements and cost reduction. He will play a crucial role by bringing these skills to Penn Traffic."
Penn Traffic operates 111 supermarkets in Pennsylvania, upstate New York, Vermont, and New Hampshire under the BiLo, P&C and Quality banners. The company also operates a wholesale food distribution business serving 74 licensed franchises and 48 independent operators, and Penny Curtiss, a Syracuse-based commercial bakery.