Craig Herkert Net Worth is1.9 $Million
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Company Logo: Image:Supervalu-logo.svg

Company Name: Supervalu Inc.

Company Type: Public company

Traded As: SVU, S&P 500

Company Slogan: Tradition, excellence and future promise.

Foundation: Minneapolis, Minnesota (1926)

Location: Eden Prairie, Minnesota, United States

Area Served: United States

Key People: Wayne Sales CEO

Num Employees: 130,000

Industry: Retailing

Products: Supermarkets, grocery store, pharmacies, food

Market Cap: United States dollar 5.92B (September 2008)url

Revenue: operating income

Net Income: assets

Equity: {{decrease}} United States dollar $12.053 Billion (2012)

Homepage: [http://www.supervalu.com/ supervalu.com], [http://www.designservicesgroup.com/ designservicesgroup.com]

Supervalu Inc. is an American retailing company. The corporation, headquartered in Eden Prairie, Minnesota, has been in business for over a century. It is the third-largest food retailing company in the United States (after Kroger and Safeway), and ranks #75 on the 2012 Fortune 500 list.
On June 2, 2006, Boise, Idaho-based Albertsons, Inc. and 1,124 of its stores were sold to Supervalu. The sale was approved by the shareholders of both Supervalu and Albertsons on May 30, 2006.
Supermarket News ranked Supervalu #1 in the 2008 "Top Wholesalers for 2008".

In 1870, Hugh G. Harrison provided the money for B.S. Bull and Company, a dry goods wholesaler serving Minneapolis, Minnesota. Though B.S. Bull and Company was short lived, its founders went on to create a similar company. In 1926, Supervalu's direct ancestor, Winston and Newell Company, was founded from the merger of Winston, Harper and Fisher and the Newell Company, two companies founded by B. S. Bull's backers.
Winston and Newell was a charter member of the Independent Grocers Alliance in 1928, but left IGA in 1942 in favor of forming a "virtual chain" of independently owned stores that operated under the SUPERVALU and U-Save banners. However, it still serves as a supplier to many IGA stores. This concept proved to be such a success that in 1952, the company changed its name to Supervalu Inc. The name was modified to Supervalu in 1992.
The company has been listed on the New York Stock Exchange since 1967, and was the first voluntary group to be listed there.
In 1963, the company acquired the Food Marketing Corporation of Fort Wayne, Indiana, which traced its roots to the early 1800s, as Bursley & Company. The acquisition of Food Marketing brought Supervalu into the institutional market. George W. McKay, The President of Food Marketing, joined Supervalu as an Executive Vice President and later as President and Chief Executive Officer of Supervalu in 1970.
In 1971, the discount chain ShopKo w

Craig Herkert Latest News

Supervalu closing 22 Save-A-Lot stores

The next month, the company fired CEO Craig Herkert and tapped Sales to lead the turnaround effort. Sales had been serving as chairman. Supervalu and other supermarket chains have struggled in recent years amid intensifying competition from big-box ...
Posted: September 6, 2012, 6:21 am

Wal-Mart's Herkert Brings the Right Stuff to Supervalu

Supervalu, in announcing the replacement of Jeff Noddle as CEO with former Wal-Mart Americas president and CEO Craig Herkert, gets an executive who has built an expertise in driving a multiple format retail operation with efficiency and improving sales.
Posted: May 12, 2009, 4:04 am

Supervalu puts itself up for sale

"Our review of strategic alternatives will be broad-based and include looking at the sale or other disposition of all or part of the company," Supervalu CEO Craig Herkert wrote in a letter to employees. "There can be no assurance that this review will ...
Posted: July 10, 2012, 9:23 pm

Yammer time: Collaboration from the heart

When Supervalu’s CEO Craig Herkert started in 2009, he aimed to transform the company through “radical transparency” and give the stores a hyperlocal focus to better meet their customers’ needs. With a history that goes back to 1870, Supervalu was ...
Posted: February 1, 2012, 3:12 am

CEO ouster could speed Supervalu overhaul (update)

The company announced Monday that its board had removed Craig Herkert, the company’s CEO since 2009, and installed Sales, who has been board chairman since 2010. Susan Engel, chairwoman of the Supervalu board’s compensation committee, praised Sales in ...
Posted: July 29, 2012, 9:05 pm
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