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Supervalu Inc. has named Sherry Smith as its executive vice president and chief financial officer.
Smith, 49, who has nearly 25 years of experience in the grocery industry and with Supervalu, most recently served as the company’s interim CFO since Pamela Knous left the company July 30. Smith will assume her new role immediately and report directly to Craig Herkert, CEO and president.
“Sherry brings extensive knowledge and understanding of our industry, business and evolving culture. Her appointment reflects the confidence I have in her ability to serve in this important senior management position,” Herkert said. “I am grateful for the work that Sherry performed as our interim CFO. Her guidance and leadership during the past several months made it increasingly clear to the executive search committee and me that she is the best candidate to lead our finance efforts going forward.”
Smith came to Supervalu in 1987 and has held a variety of positions in the corporate accounting and financial reporting areas of the company, including VP, corporate controller and treasurer. Before serving as interim CFO, Smith was the company’s senior VP of finance for eight years.
Minneapolis-based Supervalu Inc. operates 1,160 traditional retail stores, including 813 in-store pharmacies; 1,210 hard-discount stores, of which 876 are operated by licensee owners; and 1,910 independent stores serviced primarily by the company's traditional food distribution business.