Eric Johnson and Sam Duncan Complete SUPERVALU's Reconstituted Board of Directors
07/18/2013 - MINNEAPOLIS (Business Wire) - SUPERVALU INC. (NYSE: SVU) today announced the election of the final two members to its reconstituted Board of Directors: Eric G. Johnson, president and chief executive officer of Baldwin Richardson Foods Company and Sam Duncan, SUPERVALU's president and chief executive officer, accepted their board appointments.
"I am very pleased that Eric has joined the SUPERVALU Board of Directors," said Bob Miller, SUPERVALU's non-executive chairman.
Mr. Johnson is president and chief executive officer of Baldwin Richardson Foods Company, one of the largest African-American owned businesses in the food industry.
Mr. Johnson was the chief executive officer of Johnson Products Company from 1989 to 1991, purchased Baldwin Ice Cream Co. in 1992, and in 1997 completed the acquisition of Richardson Foods from Quaker Oats Company to form Baldwin Richardson Foods Company.
Today, Baldwin Richardson
is a major producer of products and ingredients for McDonald's Corporation
, General Mills
and Frito Lay
The company also has retail brands and foodservice products that it distributes nationally.
Mr. Johnson serves as a member of the Board of Directors for Lincoln National Corporation and is chairman of its Finance Committee.
He also sits on the Board of Trustees for Babson College and serves on the Board of the Urban League of Rochester.
Mr. Johnson is a graduate of Babson College.
With the appointments of Mr. Johnson
and Mr. Duncan, the changes in Board composition required by the Tender Offer Agreement dated January 10, 2013 by and between SUPERVALU, Symphony Investors, LLC and Cerberus Capital Management, L.P.
, have been completed.