This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

SUPERVALU Announces Changes To Its Board Of Directors

SUPERVALU INC. (NYSE: SVU) today announced that experienced retail executive Gerald Storch has been elected as the company’s new chair of its Board of Directors. The appointment comes after Robert Miller, who served as chairman of SUPERVALU’s Board of Directors since March 2013, announced he would resign his chairman position to focus on other demands.

Commenting on the announcement, SUPERVALU Director Phil Francis said, “We are thrilled to have Jerry Storch as our new non-executive chairman of the SUPERVALU Board of Directors. Jerry’s tremendous experience in food and specialty retailing makes him especially well qualified for this role.”

“At the same time, we are very grateful to Bob Miller, who is truly a giant in the retail grocery industry, for his service on the SUPERVALU Board of Directors. The Board will continue to consult with Bob as a non-paid advisor to the Board as we move forward, and we are both pleased and fortunate that Bob is willing to assist in this capacity,” concluded Francis.

Mr. Storch is chairman and chief executive officer of Storch Advisors, a senior management advisory and consulting firm that focuses primarily on retailing, e-commerce, consumer products and services, and consumer financial services. From 2006-2013, Mr. Storch was chairman and chief executive officer of Toys “R” Us, where he helped grow the company into a $13 billion global retailer, including expanding the company’s e-commerce business and overseeing several large-scale mergers and acquisitions.

Prior to his tenure at Toys “R” Us, Mr. Storch served as vice chairman of Target, a $70 billion retailer. During more than a decade with Target, Mr. Storch led the retailer’s e-commerce site,, the Target grocery business, and the Target Financial Services credit card business, and oversaw Marshall Field’s Department Stores. He currently serves as a member of the Board of Directors of Bristol Myers Squibb and Fanatics. Mr. Storch received a Master of Business Administration from Harvard Business School, a Juris Doctor from Harvard Law School and holds a Bachelor of Arts from Harvard College.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,084.49 +33.74 0.20%
S&P 500 2,014.89 +15.91 0.80%
NASDAQ 4,830.47 +19.6820 0.41%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs