MONTVALE, N.J. — Grocer A&P has promoted Raymond Silcock to CFO. He succeeds Frederic (“Jake”) Brace, who is resigning from his roles as chief restructuring, financial and administrative officer in conjunction with A&P’s emergence from Chapter 11. Brace will continue to serve the company in an advisory capacity.
“I am delighted that Ray Silcock has agreed to assume the role of CFO, as we mark A&P’s emergence with a strong foundation for future performance,” stated Sam Martin, A&P’s president and CEO. “Ray brings to A&P significant food industry experience as a CFO of both private and public companies. Since joining the company in December, Ray has worked alongside Jake and the entire finance team to complete our restructuring and put in place the right financial foundation to support our emergence as a private company.”
“I want to personally thank Jake Brace for his significant contributions to the company. Over the last year-and-a-half, Jake has played a central role in helping guide the company through the Chapter 11 process, advance our turnaround and successfully transform A&P into a much stronger company.”
Silcock, who will report to Martin, joined A&P in December 2011 as head of finance. Prior to joining A&P, he was executive-in-residence at Palm Ventures LLC, a private equity firm. Over the previous 15 years, he served as CFO of a number of public and privately held companies in the food and beverage industry, including UST Inc., Swift & Co. and Cott. Silcock began his career at Campbell Soup Co., where he served in a variety of financial roles of increasing responsibility over his 18-year tenure.