Supervalu Promotes Woseth to CFO

Supervalu has promoted Rob Woseth to the position of EVP and CFO, in which he will lead the retailer's finance and strategy planning team while working closely with the executive leadership team to "drive business initiatives, provide analytics support and build financial strategies that underpin Supervalu's transformational growth," according to company officials.

Woseth, who has held the position of EVP and chief strategy officer with the company since March 2013, has also served as the company’s interim CFO since July 2017.

Mark Gross, Supervalu's president and CEO, said after an internal and external search to fill the position, Woseth is the "clear choice."

“Rob has strong business acumen and he’s been a thoughtful steward of our business and finance organization these past eight months," Gross said in a statement. "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 more than 25 years of experience in strategic leadership, planning and finance roles, including 15 years in the grocery industry. He joined Supervalu's executive team in 2013. During his tenure with the company, he has helped orchestrate initiatives that have resulted in over $200 million in annual cost reductions, according to company officials.

Related:Supervalu Facing Proxy Fight From Activist Investor

Prior to Supervalu, Woseth served as VP of business development and strategy at Albertsons LLC. He has also held financial leadership positions as VP of research for Water Tower Capital LLC and as VP of investment banking at U.S. Bancorp Piper Jaffray. Woseth holds a master’s degree in business administration with an emphasis in strategic management from the University of Minnesota’s Carlson School of Management.

“I’ve been thoroughly impressed with Rob’s leadership and guidance, and have seen firsthand his ability to effect positive change in this role," Gross said. "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.”