Penn Traffic Names Young as New CEO

SYRACUSE, N.Y. – Penn Traffic Co. here yesterday said it has named Gregory J. Young president and chief executive officer, effective immediately. He succeeds Robert Panasuk, who resigned for personal reasons, the company said. Young, 51, had a 25-year career at Penn Traffic from 1974-1999 before stints at A&P and at C&S Wholesale Grocers. He rejoined Penn Traffic last year as executive vice president and chief operating officer. “Since rejoining Penn Traffic in 2006, Greg has been an important architect of our plans and strategy for turning the company around and he’s emerged as a key leader on the management team,” said Robert J. Kelly, chairman.

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