Hepfinger Resigns as Weis CEO

SUNBURY, Pa. — David J. Hepfinger has resigned as chief executive officer of Weis Markets to pursue other opportunities, the company here said Monday.

David Hepfinger

Hepfinger also resigned his seat on Weis’ board of directors. Jonathan Weis, the company’s current vice chairman, has been named CEO on an interim basis. As part of the reorganization, Kurt Schertle, executive vice president, sales and merchandising, will report directly to Weis, who will also oversee the company’s real estate/store development, finance and human resources’ teams. Until the reorganization is complete, Schertle will take on additional responsibilities, overseeing store operations and its operations support team.

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Hepfinger had been CEO of Weis since January 2009, when he succeeded 44-year veteran Norman Rich. His tenure was marked by extensive store expansion and renovation programs, including acquisitions of the Giant chain of Binghamton, N.Y., and the acquisition of several former Genuardis stores in the outskirts of Philadelphia. The company also introduced extended price discount programs and emphasized local produce sourcing.

Weis in July reported decreases in sales and comparable-store sales for the second quarter. Comarable-store sales for the first two quarters of the year were down by 2%.

Hepfinger joined Weis in 2008 from Price Chopper.

Read more: Weis Sales Slide in Q2

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