Supervalu's chief financial officer to depart next month


Supervalu Inc. announced Wednesday that its executive vice president and chief financial officer will leave the company at the end of May, according to a news release.

Sherry Smith has worked at the Eden Prairie-based grocer for 26 years and served as the company's CFO since late 2010. Supervalu said it will name her successor at a later date.

Meanwhile, Karla Robertson is being promoted to executive vice president for legal, effective immediately. She replaces Todd Sheldon, executive vice president, general counsel and corporate secretary, who is also leaving next month.

Before joining Supervalu, Robertson was senior counsel at Minneapolis-based Target.

“Sherry and Todd worked tirelessly to help structure the deal with AB Acquisition and then see the transaction through to completion,” CEO Sam Duncan said in a statement. “I am grateful for their commitment to this company and our shareholders and know they helped put us in a strong position to be successful going forward. I wish them both the best in their future endeavors.”

The latest leadership changes come less than two weeks after Supervalu completed its $3.3 billion deal to sell five of its grocery chains to an investment group.

Last week, the trimmed-down company also announced it was cutting roughly 1,100 corporate and regional office jobs across the country, or about 3 percent of its workforce.

Next Up

Screen Shot 2020-11-25 at 7.34.43 AM

Watch: Drunk squirrel in Minnesota captures the world's attention

The squirrel was immediately cut off after nearly tipping over.

Screen Shot 2020-11-25 at 7.15.09 PM

Small town gym refusing to close facing lawsuit from attorney general

The gym is facing a lawsuit and a temporary restraining order to halt their operations.

credit card, payment

Money Gal Coaching: Bouncing back after living your best life

Kelly Blodgett started Money Gal Coaching after paying down nearly $50K in debt in 18 months.


When do stores open on Black Friday this year?

Many major retailers will be open Black Friday, some for extended hours.

police tape, crime scene

Man found dead outside home near Cass Lake

The man was reportedly shot outside the property.


Gov. Walz announces $1M in grants to boost Minnesota tourism

The money will be used for marketing efforts to attract people to Minnesota's hard-hit tourist spots.

coronavirus, ICU

Nov. 25 COVID-19 update: 72 deaths ties Minnesota's single-day high

A COVID-19 update will not be provided on Thanksgiving Day.


Revival to open its fourth Twin Cities location

The fried chicken and smoked meat maestros are moving to St. Louis Park.

Duluth and Case Recreation Center

St. Paul to open two extra temporary shelters for homeless people

Mayor Melvin Carter announced the new shelters will be opened in the event of excess demand.