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

Ibraheem Farah Hamza _Khalifa CROP - booking photo, Olmsted County Adult Detencion Center June 16 2021

Man charged with 7 felonies after dramatic scene near rural MN airport

A police officer fired their weapon during the incident. Nobody was struck.

milk bar cake crop

Famous Milk Bar bakery hosts pop-up in Twin Cities

The virtual event only lasts for a few days, with limited quantities available.

Flickr - police barricades dismantle uptown - Chad Davis

MN National Guard soldiers 'standing by' to respond in Minneapolis

Mayor Jacob Frey asked Gov. Tim Walz for National Guard support Wednesday.

tom burke

Charges: Wisconsin star, former NFL player sexually assaulted a child

The child told her mother about the assaults in February, charges say.

Screen Shot 2021-06-14 at 8.45.06 AM

Charges: Drunk driver accelerated 'to jump barricade' in crash that killed protester

Prosecutors say it was "an extreme and violent intentional act."

Screen Shot 2021-06-16 at 9.29.50 AM

Through little fault of its own, Minnesota BBQ joint goes viral

A picture of its ribs was enough to attract the attention of the culinary world.

Flickr - COVID vaccine Joint Base San Antonio

More than 3 million Minnesotans have had at least 1 vaccine dose

The milestone comes almost 6 months to the day since the first vaccine was given in the state.