A&P names CFO
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.
‘Hoosiers’ comes to Blu-ray
LOS ANGELES — 20th Century Fox Home Entertainment and Metro-Goldwyn-Mayer Studios are bringing a popular sports film to Blu-ray in June.
"Hoosiers," starring Gene Hackman, Barbara Hershey and Dennis Hopper, is based on the true story of the Milan High School basketball team and its journey to the state championship. The Blu-ray includes such features as commentary by director David Anspaugh, deleted scenes, "Hoosier History: The Truth Behind the Legend," as well as the original 1954 Indiana high school championship game.
"Hoosiers" arrives on Blu-ray on June 5.
Kroger emphasizes sustainability efforts with newly created position
CINCINNATI — Kroger announced that it has named Suzanne Lindsay as its director of sustainability.
In the newly created position, Lindsay — who previously created and led sustainability initiatives at PetSmart — will lead Kroger’s internal sustainability initiatives and will lead the company’s sustainability leadership team.
"We have made substantial progress in sustainability in the past five years through energy savings, waste reduction, transportation efficiency and by reducing the use of plastic bags," Kroger group VP corporate affairs Lynn Marmer said. "Suzanne will help us accelerate our progress and identify new opportunities to improve our environmental stewardship. We are pleased that she is joining the Kroger family."