A&P Announces Organization Structure, Executive Promotions.MONTVALE, N.J. -- The Great Atlantic & Pacific Tea Company, Inc. (A&P)(NYSE NYSE See: New York Stock Exchange :GAP) today announced a new organization that will combine corporate and U.S. operating management in a unified structure. The Company also announced key senior executive appointments aligned with the formation of the new structure. Brian Piwek will be promoted to President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of the Company, reporting to Christian Haub, Chairman of the Board and Chief Executive Officer. Mr. Piwek joined A&P in 1997 as Vice Chairman of its Canadian Company, and became Chief Executive Officer of A&P Canada in 2000, leading the turnaround and successful development of that business. In 2002, he came to the U.S. as President and Chief Executive Officer of the Company's previous U.S. business unit, where he directed the initial phase of the turnaround of those operations. Commenting on Mr. Piwek's promotion, Mr. Haub said, "Through Brian's leadership, we have stabilized sta·bi·lize v. sta·bi·lized, sta·bi·liz·ing, sta·bi·liz·es v.tr. 1. To make stable or steadfast. 2. our results in the U.S., defined strategies to revitalize re·vi·tal·ize tr.v. re·vi·tal·ized, re·vi·tal·iz·ing, re·vi·tal·iz·es To impart new life or vigor to: plans to revitalize inner-city neighborhoods; tried to revitalize a flagging economy. our customer offer, and created the optimal management organization to execute those strategies going forward. I will continue working closely with him in our new structure as he drives the ongoing improvement of our U.S. business; and also directly with Eric Claus, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of A&P Canada, as he leads us to the next level of development in Ontario." The Company also announced that Mitchell P. Goldstein, Chief Financial Officer, will be promoted to Executive Vice President, reporting to Mr. Haub. Mr. Goldstein joined A&P in 2000 as Senior Vice President, Finance and Treasurer, and was appointed Chief Financial Officer in 2002. "Mitch has played a critical role over the past two years in managing and preserving our Company's financial position and liquidity," Mr. Haub said. "In addition to Finance responsibility, he will work with me, Brian Piwek and Eric Claus on strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. , business analysis, budgeting and cost management for the U.S. and Canadian operations." Founded in 1859, A&P, one of the nation's first supermarket chains, is today among North America's largest. The Company operates 633 stores in 10 states, the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). and Ontario, Canada under the following trade names: A&P, Waldbaum's, The Food Emporium, Super Foodmart, Super Fresh, Farmer Jack, Sav-A-Center, Dominion, The Barn Markets, Food Basics
Food Basics is a no-frills Canadian supermarket chain created by A&P Canada to compete with the successful No Frills warehouse style supermarket operated by Loblaw. and Ultra Food & Drug. |
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