Attached files
EXHIBIT
99.1
The
Great Atlantic & Pacific Tea Company, Inc.
Announces
Appointment of Ron Marshall as President & Chief Executive
Officer
effective February 8, 2010
MONTVALE, N.J. – January 27, 2010 –
Today, The Great Atlantic & Pacific Tea Company, Inc. (A&P)
(NYSE:GAP) announced that Ron Marshall will assume the role of President &
Chief Executive Officer effective February 8th.
Mr.
Marshall brings to A&P all the critical competencies and experiences for
which the Company has been looking. Mr. Marshall has extensive experience
leading a public company, with a track record of successful
turnarounds. He has broad experience in the retail industry and
specifically in food retail where he has spent more than 12 years of his career
in the highest levels of management. Mr. Marshall also brings a sound
understanding of the Northeast marketplace as well as important insights from
his previous experience as the President & Chief Executive Officer at
Borders Group, the CEO at Nash Finch, and previously as Executive Vice President
and Chief Financial Officer of Pathmark. Mr. Marshall has also served on the
board of many prestigious organizations including Nash Finch Company and
Claire’s Stores.
“I
am very much looking forward to working with Christian, the Board of Directors
and the management team to realize A&P’s tremendous strategic
potential. I am confident that, together, we will bring A&P back
to its leadership position.” stated Ron Marshall.
“The
Board of Directors and I are very excited about the strengths, competencies and
experiences that Ron brings to A&P. He will be the key leader in
our turnaround. I’m looking forward to working together with Ron and
the Yucaipa team to improve our immediate performance as well as develop
strategies to drive sustainable success in the future. With Ron as our next
Chief Executive Officer I am confident that we will realize the
tremendous
strategic
value of the Company and capitalize on our leadership position in the
Northeast.” stated Christian Haub, Executive Chairman.
About
A&P
Founded
in 1859, A&P is one of the nation's first supermarket chains. The Company
operates 433 stores in 8 states and the District of Columbia under the following
trade names: A&P, Waldbaum's, Pathmark, Best Cellars, The Food Emporium,
Super Foodmart, SuperFresh and Food Basics. For more information, please visit
http://www.aptea.com.
A&P
Press Contact:
Lauren La
Bruno
Senior
Director, Public Relations
(201)
571-4495