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08/27/2018

SpartanNash brings in new EVP

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SpartanNash has named a new EVP after announcing the retirement of a longtime executive.

SpartanNash has named a new EVP after announcing the retirement of a longtime executive.

The Fortune 400 company announced that Tom Swanson, currently Vice President, Merchandising and Marketing for SpartanNash’s Corporate Retail, will succeed Ted Adornato as Senior Vice President and General Manager of Corporate Retail. Adornato, Executive Vice President and General Manager, Corporate Retail, plans to retire effective Oct. 6.

“Tom’s extensive experience leading our retail grocery business has been and will continue to be of great benefit to us as we increasingly invest in strengthening our retail operations,” said David Staples, SpartanNash’s President and Chief Executive Officer.

Swanson has over 30 years of executive and managerial experience in grocery retailing, including over six years as Vice President of SpartanNash’s corporate Retail-West operations. Mr. Swanson currently oversees marketing and merchandising for SpartanNash’s 140 corporate owned stores, enabling the company to maximize its expertise as a retailer and build greater connectivity with its distribution customers.

"Ted’s expertise and leadership during his 15 years with the Company have helped make our corporate retail stores more consumer-driven, competitive, and a vital part of our company and the communities we serve,” said Staples. “On behalf of the Board of Directors, all of our associates, and me personally, I thank Ted for his many contributions and wish him all the best in retirement."

The announcement was made shortly after the company released its second quarter report, which revealed that the company got a lift in the second quarter from its military and food distribution businesses, but its retail segment sales were down despite new fresh and private label programs.Net sales increased $39.8 million, or 2.1%, to $1.90 billion from $1.86 billion in the prior-year quarter. The increase in net sales was driven by continued sales growth in the food distribution and military segments of 4.3% and 3.9%, respectively, partially offset by lower sales at retail.

"We remain focused on growing and improving profitability of our freshly produced offerings and will continue to develop the products and services that our existing and future customers need to meet the growing, healthy and fresh demand of today's consumer. Our key objectives over the next few quarters will center on straining more of this growth to the bottom line,” said Staples. “We are currently implementing plans to overcome some of the incremental transportation and warehousing cost experienced due to the rapid growth in certain of our regions and to generate more volume in our fresh processing operations, while improving their overall productivity. We also expect to benefit from growing program such as the private brand offering at our military group and sales from some of our unique distribution solutions that are in ramp-up phase."

SpartanNash currently operates 140 supermarkets, primarily under the banners of Family Fare Supermarkets, D&W Fresh Market, VG’s Grocery, Dan’s Supermarket and Family Fresh Market.