Tops to Close 5 Stores, Names COO
Tops Friendly Markets here said it planned to close five more of the stores it acquired from Penn Traffic, including three P&C Foods locations and two Quality Markets, according to reports. In addition, the company said it has named given Kevin Darrington, currently chief financial officer, the additional role of chief operating officer.
March 25, 2010
WILLIAMSVILLE, N.Y. — Tops Friendly Markets here said it planned to close five more of the stores it acquired from Penn Traffic, including three P&C Foods locations and two Quality Markets, according to reports. In addition, the company said it has named given Kevin Darrington, currently chief financial officer, the additional role of chief operating officer.
A report in the Syracuse Post-Standard said Tops would close one P&C Foods location each in Ithaca and Cortland, N.Y., and another in White River, Vt. The Quality Markets slated for closure are in Lakewood, N.Y., and Erie, Pa. Closings are scheduled for April 18, the report said. Tops had acquired the stores through the bankruptcy of Penn Traffic.
Separately, the company said Darrington, who joined Tops in 2008, would continue as CFO while taking on his new responsibilities.
“He played a vital part in transitioning our company back to local management and, most recently, was instrumental in facilitating the purchase of a majority of Penn Traffic’s assets,” said Frank Curci, president and chief executive officer, Tops, in a prepared statement.
Prior to joining Tops, Darrington was senior vice president and chief accounting officer for Pathmark Stores, now owned by Montvale, N.J.-based A&P.
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