Financial life in a big town

July 25, 2009

Todd Schnuck named chief operating officer for grocery chain

Filed under: money — Tags: , — Silver @ 3:00 pm

Schnuck Markets Inc. announced today that Todd Schnuck has been appointed chief operating officer at the Maryland Heights-based grocery chain.

Todd Schnuck, 50, formerly the grocery chain’s chief financial officer, became president in 2006. As president and COO, he will take on responsibility for the operating side of the family business. He will oversee store operations, merchandising, marketing, logistics, continuous improvement, industrial engineering, facilities maintenance and consumer affairs, as well as pharmacy and fuel operations.

Todd Schnuck earned his B.A. from the University of Virginia in 1981 and an M.B.A. from Cornell University in 1983. He served as associate vice president for investment banking at A.G. Edwards & Sons, Inc. for four years before joining Schnucks in 1987. For the past 22 years, he has been the company’s chief financial officer.

As chairman and CEO, Scott Schnuck now has oversight for the office of COO as well as strategy, finance, technology, human resources, public relations, legal, real estate, loss prevention, food safety and store design and construction online life insurance quotes.

“This restructuring will allow me to concentrate on guiding the company forward while Todd will ensure that we continue working to enhance the overall customer shopping experience in our stores,” Scott Schnuck said in a press release.

With the promotion, the company also announced other changes in senior management.

Dave Bell, 42, will replace Todd Schnuck as CFO, reporting to Scott Schnuck.

Rick Frede, 56, formerly senior vice president of logistics, will become chief talent and strategy officer, reporting to Scott Schnuck. Steve Carroll, 53, will become vice president of logistics, which under the new structure, will report to Todd Schnuck.

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