MONTVALE. N.J. — A&P is to name industry veteran Ron Marshall as its new chief executive officer, according to a report Tuesday.
Marshall, the former CEO of distributor Nash Finch and former CFO of Pathmark Stores, resigned as CEO of Borders Group on Tuesday. The bookseller said Marshall had accepted a job offer as CEO of a publicly traded company, but did not identify it.
The Wall Street Journal, citing unnamed sources, said Marshall was headed to A&P. Officials at A&P did not immediately return a request for comment.
Industry sources told SN Tuesday that Marshall is uniquely qualified to take on the role at A&P, which has been beset by financial and operating woes and has been without a permanent CEO since firing Eric Claus in October.
Christian Haub, A&P’s executive chairman and interim CEO, said recently that he expected to name a new CEO shortly, and that he preferred a turnaround specialist with food industry experience and familiarity with the Northeast market. Marshall meets all of those descriptions, having dealt with struggling companies Nash Finch and Borders Group.
He is also familiar with Pathmark, a struggling A&P banner. Marshall served as CFO for Pathmark from 1994 until leaving for Nash Finch in 1998.
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