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Supervalu has named Eric Claus the new CEO of Save-A-Lot, the wholesaler’s hard-discount grocery division.
In tandem with Claus' appointment, which will take effect before Jan.4, 2016, the company announced that Ritchie Casteel will report to Claus as president of the grocery banner, and will oversee day-to-day operations, market development, store growth plans and preparation for a possible spin-off of Save-A-Lot.
Claus, a 30-year veteran in the grocery industry, most recently served as chairman, president and CEO of Red Apple Stores, a value chain in Canada. He also has worked for Co-Op Atlantic and A&P.
“[Claus’] strengths in and experience with the hard discount format as well as his history leading retail companies will be important as we look to finish our fiscal year strong and as we continue to position Save-A-Lot for the future,” said Sam Duncan, Supervalu president and CEO.
Save-A-Lot, headquartered in St. Louis, employs about 9,300 in 1,342 stores, of which 901 are operated by licensee owners. The stores are supported by 17 distribution centers.