A&P, Chief Part Ways As Supermarket Chain's Losses Widen
The Record, Bergen County, NJ › November 19, 2009
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Summary
Eric Claus, who was brought in from Canada four years ago to remake and revitalize the struggling A&P supermarket chain, is out as president and chief executive officer.
In a statement issued along with its disappointing second- quarter earnings report, the Montvale-based company -- officially the Great Atlantic & Pacific Tea Co. -- said Claus "will be leaving the company effective immediately."See the full content of this document
Extract
A&P, Chief Part Ways As Supermarket Chain's Losses Widen
No reason was given. The announcement came as A&P reported a wider loss in its fiscal second quarter because of rising unemployment and tougher price competition.
In a session with analysts, Chri...See the full content of this document
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