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    Supervalu Appoints Executive Management Team

    MINNEAPOLIS -- Supervalu, Inc. here said yesterday that it has appointed new executive management team to lead the company when its acquisition of Albertson's, Inc. retail properties is completed. The acquisition, which will create the third-largest U.S. grocery retailer, is expected to wrap up next month, following special shareholder meetings May 30.

    MINNEAPOLIS -- Supervalu, Inc. here said yesterday that it has appointed new executive management team to lead the company when its acquisition of Albertson's, Inc. retail properties is completed. The acquisition, which will create the third-largest U.S. grocery retailer, is expected to wrap up next month, following special shareholder meetings May 30.

    As the company noted earlier, Jeff Noddle will continue as Supervalu chairman and c.e.o. Since taking the helm in 2001, Noddle has restructured the business through such strategies as expanding the retail operation, encouraging the creation of multiple retail formats, beefing up the supply chain, and improving company's finances.

    "We are moving quickly to ensure that the new Supervalu will be a focused organization with a best-in-class management team to capitalize on the enormous opportunity presented by the combination of these two great companies," said Noddle in a statement. "This team reflects the best combination of strengths needed to make Supervalu successful."

    Continued Noddle, "As a retail powerhouse, our executive team reflects an expanded retailing competency as well as top-notch business leaders to deliver the results we set before ourselves."

    Supervalu will be organized around its core businesses, including the creation of three retail-operating divisions and the establishment of a companywide merchandising and marketing function to support the success and scope of its leading retail market positions across the United States. The following executives, who are taking on new or expanded roles, will report to Noddle:

    --David Boehnen, e.v.p., will oversee legal, real estate, corporate development, and government affairs.

    --John Hooley, e.v.p. and president of Retail East, will oversee the retail operations of Acme, bigg's, Farm Fresh, Scott's, Shaw's, and Shoppers.

    --Mike Jackson, president and c.o.o., will oversee Save-A-Lot, Supply Chain Services, and the Enterprise Office.

    --Pamela Knous, e.v.p. and c.f.o., will oversee finance, information technology, and investor relations. Additionally, Bristol Farms will report to Knous.

    --Duncan Mac Naughton, e.v.p, merchandising and marketing, will oversee a new companywide merchandising and marketing function. He currently serves as e.v.p., merchandising for Albertsons.

    --Dave Pylipow, s.v.p., human resources, will oversee human resource functions and labor relations.

    --Kevin Tripp, e.v.p. and president of Retail Midwest, will oversee the retail operations of Cub Foods, Hornbacher's, Jewel, and Shop 'n Save, as well as companywide pharmacy operations. He's currently e.v.p., drug operations and president, drug store division for Albertsons.

    --Pete Van Helden, s.v.p. and president of Retail West, will oversee the retail operations in Southern California, Nevada, and the Intermountain West division under the Albertsons banner. Currently he's president and c.e.o. of California Food for Albertsons.

    Providing transition support are Roe Cefalo, currently Albertsons e.v.p., real estate development and new store formats, and Kathy Herbert, currently Albertsons e.v.p., human resources. Both will report to Noddle. Additionally, recently retired Supervalu c.i.o. Bob Borlik will provide interim technology consulting support, reporting to Knous.

    Referring to local management, Noddle said, "In addition to my new executive team, we have very experienced local executives across the country that represent the best talent in the field to ensure the highest level of operational and service excellence in the grocery and pharmacy business."

    Supervalu operates 1,381 retail grocery locations across the United States, including licensed Save-A-Lot locations. Through Supervalu's geographically diverse supply chain network, the company provides distribution and related logistics support services to grocery retailers nationwide. In addition, the company's third-party logistics business provides end-to-end supply chain management solutions for manufacturers, consumer products retailers, and foodservice customers. Supervalu currently has about 50,000 employees.

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