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Big Y Foods promotes Theresa Jasmin to CFO

Veteran executive becomes first woman in regional grocer’s C-suite

Russell Redman

June 17, 2020

2 Min Read
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Big Y operates 84 stores in Massachusetts and Connecticut, including 71 Big Y World Class Market supermarkets.Big Y Foods

Theresa Jasmin has been named chief financial officer at Big Y Foods, succeeding William Mahoney, who retired.

In announcing the promotion this week, Big Y said Jasmin represents the first woman to be appointed to the Springfield, Mass.-based company’s C-suite.

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Jasmin (left) has served as vice president of finance since 2016. As CFO, she will oversee Big Y’s strategic planning, finance, accounting, treasury and tax functions and report directly to president and CEO Charles D’Amour, as well as to the board of directors.

Jasmin brings more than 25 years of experience in the food industry to her new post. She started her career at Friendly Ice Cream Corp., where she held senior management positions in treasury and accounting over her 14-year tenure at the company. After just over a year as controller at Pride Convenience Inc., a western Massachusetts convenience store chain, she joined Big Y in 2005. Jasmin held several positions of increasing responsibility in accounting and finance before being appointed corporate controller in 2010 and then senior director of finance in 2014.

Big Y noted that Jasmin was a founding member of Women LEAD (Leaders Engaged in Action and Development), the company’s first employee resource group aimed at inspiring and empowering women. She currently serves on the executive committee and as treasurer for the YMCA of Greater Springfield, as well as on the finance committees for the Massachusetts and Connecticut Food Associations.

Related:Big Y Foods freezes prices on more than 10,000 products

Prior to his retirement, Mahoney had served as CFO at Big Y since 2012, joining the regional grocer from Prospectiv Direct, where he most recently was CFO in 13 years at the online marketing services firm. Before that, he spent 16 years at Star Market, most recently as vice president of finance.

Overall, Big Y operates 84 stores in Massachusetts and Connecticut, including 71 Big Y World Class Market supermarkets, one Fresh Acres Market, one Table & Vine Fine Wines and Liquors store, and 11 Big Y Express gas and convenience locations. The company has nearly 12,000 employees.

 

About the Author

Russell Redman

Senior Editor
Supermarket News

Russell Redman has served as senior editor at Supermarket News since April 2018, his second tour with the publication. In his current role, he handles daily news coverage for the SN website and contributes news and features for the print magazine, as well as participates in special projects, podcasts and webinars and attends industry events. Russ joined SN from Racher Press Inc.’s Chain Drug Review and Mass Market Retailers magazines, where he served as desk/online editor for more than nine years, covering the food/drug/mass retail sector. 

Russell Redman’s more than 30 years of experience in journalism span a range of editorial manager, editor, reporter/writer and digital roles at a variety of publications and websites covering a breadth of industries, including retailing, pharmacy/health care, IT, digital home, financial technology, financial services, real estate/commercial property, pro audio/video and film. He started his career in 1989 as a local news reporter and editor, covering community news and politics in Long Island, N.Y. His background also includes an earlier stint at Supermarket News as center store editor and then financial editor in the mid-1990s. Russ holds a B.A. in journalism (minor in political science) from Hofstra University, where he also earned a certificate in digital/social media marketing in November 2016.

Russell Redman’s experience:

Supermarket News - Informa
Senior Editor 
April 2018 - present

Chain Drug Review/Mass Market Retailers - Racher Press
Desk/Online Editor 
Sept. 2008 - March 2018

CRN magazine - CMP Media
Managing Editor
May 2000 - June 2007

Bank Systems & Technology - Miller Freeman
Executive Editor/Managing Editor
Dec. 1996 - May 2000

Supermarket News - Fairchild Publications
Financial Editor/Associate Editor
April 1995 - Dec. 1996 

Shopping Centers Today Magazine - ICSC 
Desk Editor/Assistant Editor
Dec. 1992 - April 1995

Testa Communications
Assistant Editor/Contributing Editor (Music & Sound Retailer, Post, Producer, Sound & Communications and DJ Times magazines)
Jan. 1991 - Dec. 1992 

American Banker/Bond Buyer
Copy Editor
Oct. 1990 - Jan. 1991 

This Week newspaper - Chanry Communications
Reporter/Editor
May 1989 - July 1990

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