Aldi Names Brent Laubaugh as Its New Co-President for U.S. Growth Spurt
BATAVIA, IL - Aldi U.S. is promoting one of its division Vice Presidents to help pave the way as it looks to grow its footprint in the country.
20-year company veteran and Vice President of the Saxonburg division, Brent Laubaugh, has been announced as a third incoming Co-President for the retailer’s U.S. arm, effective on March 28, 2016.
"ALDI has a different style when it comes to grocery shopping and that differentiation has helped make us one of the fastest growing retailers in the U.S.," Jason Hart, CEO of Aldi U.S., said in a press release.
Laubaugh joins current Co-Presidents David Behm and Chuck Youngstrom, all of whom will report directly to Hart.
"To support our significant expansion, it was important that we strengthen our leadership team to ensure our success,” Hart added. “With the addition of Brent to our team, we have the right leaders in place to continue growing the Aldi business."
In the two decades that he has served the company, Laubaugh has worked his way up the ladder, gaining more resposibility and leading larger teams. Now he will help lead the way in Aldi’s large expansion plan, which includes investing more than $3 billion in land, facilities, and equipment over the next few years in its goal to have nearly 2,000 U.S. stores in the next five years.
As we previously reported, Aldi is in the process of opening a number of stores in California, its first in the region, starting at the end of this month when Laubaugh’s promotion goes into effect.
AndNowUKnow will continue to report on this and all other retail chains looking to expand their influence in the market and, in turn, the produce industry.
