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MINNEAPOLIS — Supervalu on Wednesday announced additional changes at the senior level as Sam Duncan, Supervalu president and CEO, finalizes his executive leadership team.
Sherry Smith, EVP and CFO, will leave the company at the end of May. Smith has served as the company’s CFO since her appointment in December 2010. She has spent 26 years with Supervalu and previously served as SVP, finance. The company plans to announce a new CFO at a later date.
Karla Robertson has been named EVP legal, effective immediately. She replaces Todd Sheldon, EVP general counsel and corporate secretary, who will stay through May to assist the company in the completion of its fiscal 2013 year-end filings. At that time, Robertson will assume the additional roles and responsibilities held by Sheldon, including the title of EVP general counsel and corporate secretary. In this role, Robertson will have responsibility for overseeing the legal, risk management and asset protection teams for the company as well as working closely with Supervalu's non-executive chairman, Robert Miller, and the company’s 11-person board of directors.
Robertson joined Supervalu in July 2009 as senior labor and employment counsel and was later promoted to VP employment, compensation and benefits law functions. Prior to Supervalu, Robertson served as senior counsel with Target Corporation and was an associate attorney at Faegre & Benson LLP, where she practiced in both the employment and business litigation areas.
“Sherry and Todd worked tirelessly to help structure the deal with AB Acquisition and then see the transaction through to completion,” Duncan said. “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.”