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Sam Martin has grocery background
Great Atlantic & Pacific Tea Co. (Montvale, N.J.) has a new ceo after Ron Marshall, who took over as A&P’s ceo in January, announced he was stepping down. The supermarket chain operator has appointed former Office Max executive Sam Martin as the new ceo, the company’s second in less than a year. Martin’s previous experience includes serving as chief operating officer for Wild Oats Markets Inc.
The news comes amid the grocery chain’s announcement of a first quarter loss of $122.6 million, compared to a loss of $65.2 million in the same quarter last year.
A&P operates 429 stores in the Northeast.
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