Moving ahead with turnaround plan, Supervalu restructures executive leadership team
MINNEAPOLIS — Moving ahead with its previously announced turnaround strategy, Supervalu said it has overhauled its executive leadership team.
Led by chairman, president and CEO Wayne Sales, Supervalu announced that EVP retail operations Kevin Holt would take on an expanded role as president of Supervalu’s retail business. In this role, Holt will drive the overall strategy for the company’s traditional retail and pharmacy divisions, including overseeing the marketing and merchandising functions. Holt also will work closely with sales and his leadership team to clearly develop the company’s strategic platform, the company said.
As part of this change, EVP and chief marketing officer Michael Moore now will report to Holt, as will Tim Lowe, who has been promoted to EVP merchandising. Lowe previously served as SVP of Supervalu’s merchandising organization, a role he has held since May.
In addition, EVP merchandising and logistics Janel Haugarth has accepted the newly created position of EVP business optimization and process improvement at Supervalu. A 35-year company veteran, Haugarth will be responsible for identifying and executing strategies to make Supervalu a more streamlined, effective organization.
The executive moves follow the company’s less-than-favorable first-quarter results, reported in late July. Supervalu announced a number of dramatic measures to stabilize its business — reduction in capital spending, suspension of the company’s dividend, even the exploration of possible strategic alternatives — in conjunction with its declining first-quarter earnings results. One of the measures included the hiring of Wayne Sales to replace leader Craig Herkert.
"We are moving quickly to reinvigorate Supervalu, and that starts with leadership," Sales said. "The changes I have made to my executive team are designed to address two of our most immediate priorities: driving profitable sales in our retail stores and taking costs out of the business. These efforts are critical to our successful turnaround."
CSPN appoints Raymond Rede as VP managed care relations
DREXEL HILL, Pa. — Community Specialty Pharmacy Network has appointed a former Bayer Pharmaceuticals executive to serve as the organization’s VP managed care relations.
Raymond Rede will be responsible for "leading contracting initiatives with managed care organizations on national, regional and local levels and assisting in the development of our specialty provider network solutions," CSPN CEO Gerry Crocker said.
Rede comes to CSPN from Bayer Pharmaceuticals, where he was most recently director of the company’s managed markets marketing, a role in which he developed Bayer’s managed market strategy and messaging focusing on payer health economics for key Bayer specialty products. Prior to this, Rede had previously served as director of the drug maker’s specialty pharmacy market segment, which encompassed developing Bayer’s specialty pharmacy strategy across all specialty pharmacy stakeholder segments.
"In my experience over the last few years, two things are becoming very clear. Health outcomes have become a focus across the entire healthcare system," Rede said. "The specialty pharmacy segment is in a unique position to step forward and lead. Secondly, in the diseases specialty pharmacy is active in, there is still no substitute for personal intervention, particularly if positive outcomes are the goal. CSPN is well positioned to address these points for employers, payers and manufacturers alike."
Walmart pumps up the fuel savings
BENTONVILLE, Ark. — Walmart is bringing Americans some much-wanted relief at the pump this fall and winter with the return of its "Great Gas Rollback" program.
Beginning Aug. 31 and ending Dec. 24, Walmart customers using a Walmart gift card will receive a 10 cent per gallon discount. Customers who use a Walmart MoneyCard or Walmart credit card will save 15 cents per gallon on their fuel purchase.
Gas will be discounted at more than 1,000 Murphy USA and Walmart gas stations located at Walmart Supercenters in participating states.
"It’s a busy time for our customers. They are sending their kids back to school and planning for Labor Day travels, and the holidays are just around the corner. As gas prices get higher, these tasks get tougher," said Duncan Mac Naughton, chief merchandising and marketing officer for Walmart U.S. "We’re here to help. Last year, we saved our customers nearly $60 million with the gas rollback program. This year, we’re excited to provide an even bigger discount on fuel that will help them save more money when they need it the most."