CEO of Superfresh parent is out, say reports
Food Trade News and Supermarket News reported that Gregory Mays will serve as interim CEO of Atlantic & Pacific Tea Co., which owns Superfresh, Pathmark, Food Emporium, Food Basics and the flagship A&P.
Martin had been in the position for less than four years, overseeing a bankruptcy reorganization and the closure of 100 stores. A&P is based in Montvale, N.J. Emerging from bankruptcy, A&P was financed with private equity funding.
In a statement, the company thanked Martin for the time he spent running the organization. “We thank Sam for all his time at A&P and wish him well in his future endeavours. At the appropriate time in the company’s 2014 planning process, a new chief executive officer will be identified,” the company said in a statement.
Source: bizjournals.com
