MINNEAPOLIS, MN – After joining SuperValu’s executive team in 2013 and helping execute initiatives that have resulted in over $200 million in annual cost reductions, Rob Woseth, the current EVP, Chief Strategy Officer and Interim CFO, has been promoted to Executive Vice President and Chief Financial Officer, effective February 25, 2018. Woseth’s promotion follows the company’s financial release that recorded sales at $3.3 billion—a sales milestone for the brand. With expansion in mind for 2018, Woseth will now oversee SuperValu’s $49 million investment plan.

“Following a thorough internal and external search, Rob is the clear choice, and we’re delighted to have him assume the CFO role on a permanent basis,” said Mark Gross, President and Chief Executive Officer, in a company press release. “Rob has strong business acumen, and he’s been a thoughtful steward of our business and finance organization these past eight months. His financial knowledge, strategic thinking, and deep grocery industry expertise have helped drive many of our successes over the past several years, including the sale of our Save-A-Lot business and the completion of the Unified Grocers and Associated Grocers of Florida acquisitions this past year.”

Woseth has over 25 years of experience in strategic leadership, planning, and finance, including 15 years in the grocery industry, in which he served as Vice President, Business Development and Strategy for Albertson’s, Vice President, Research for Water Tower Capital, and Vice President, Investment Banking at U.S. Bancorp Piper Jaffray.

“I’ve been thoroughly impressed with Rob’s leadership and guidance and have seen firsthand his ability to effect positive change in this role. The Board and I are confident in Rob’s ability to make important contributions to advancing the company’s growth strategy, while maintaining a disciplined approach to capital allocation and improving stockholder value,” Gross continued.

In his new position as CFO, Woseth will lead the company’s finance and strategic planning teams and will work closely with the executive leadership team to drive business initiatives, provide analytics support, and build financial strategies.

Congratulations, Rob Woseth! AndNowUKnow will continue to report with the latest.

SuperValu