Food retailer Supervalu Inc. (Eden Prairie, Minn.) revealed that President and CEO Sam Duncan will retire at the end of the fiscal year in Feb. 2016.
Retailing Today reports that to help lead the company through the change, Supervalu has promoted Bruce Besanko to the new role of executive vice president and chief operating officer, as well as Susan Grafton to evp and chief financial officer.
The company will begin searching for Duncan’s replacement immediately.