Village Super Market Announces Forthcoming Change in Chief Executive Officer and Chairman of the Board of Directors
Village Super Market (NSD-VLGEA) has announced significant leadership changes effective December 13, 2024. Robert Sumas will step down as CEO and interim Chairman but will remain as a Senior Advisor and Board member. The Board plans to appoint John J. Sumas as the new CEO and Nicholas Sumas as President and Chairman of the Board.
John J. Sumas, a Director since 2009 and Co-President since 2018, has held various roles including COO and General Counsel. Nicholas Sumas, also a Director since 2009 and Co-President since 2018, has served as CMO and Vice President. He is also an executive officer of Wakefern and a member of its Board.
The company also announced that it will reduce its Board of Directors from ten to nine members, following the passing of William Sumas on July 11, 2024. Village Super Market operates 34 ShopRite and Fairway supermarkets in four states and three Gourmet Garage specialty markets in New York City.
Village Super Market (NSD-VLGEA) ha annunciato significativi cambiamenti nella leadership a partire dal 13 dicembre 2024. Robert Sumas si dimetterà da CEO e Presidente ad interim, ma continuerà a ricoprire il ruolo di Consigliere Senior e membro del Consiglio. Il Consiglio prevede di nominare John J. Sumas come nuovo CEO e Nicholas Sumas come Presidente e Chairman del Consiglio.
John J. Sumas, Direttore dal 2009 e Co-Presidente dal 2018, ha ricoperto vari ruoli tra cui COO e Consigliere Generale. Nicholas Sumas, anche lui Direttore dal 2009 e Co-Presidente dal 2018, ha ricoperto le posizioni di CMO e Vice Presidente. È anche un dirigente di Wakefern e membro del suo Consiglio.
L'azienda ha inoltre annunciato che ridurrà il suo Consiglio di Amministrazione da dieci a nove membri, a seguito della scomparsa di William Sumas l'11 luglio 2024. Village Super Market gestisce 34 supermercati ShopRite e Fairway in quattro stati e tre mercati specializzati Gourmet Garage a New York City.
Village Super Market (NSD-VLGEA) ha anunciado cambios significativos en el liderazgo a partir del 13 de diciembre de 2024. Robert Sumas dejará su cargo como CEO y Presidente interino, pero permanecerá como Asesor Senior y miembro de la Junta. La Junta tiene previsto nombrar a John J. Sumas como el nuevo CEO y a Nicholas Sumas como Presidente y Chairman de la Junta.
John J. Sumas, Director desde 2009 y Co-Presidente desde 2018, ha ocupado varios roles, incluyendo COO y Asesor General. Nicholas Sumas, también Director desde 2009 y Co-Presidente desde 2018, ha servido como CMO y Vicepresidente. También es un ejecutivo de Wakefern y miembro de su Junta.
La empresa también anunció que reducirá su Junta de Directores de diez a nueve miembros, tras el fallecimiento de William Sumas el 11 de julio de 2024. Village Super Market opera 34 supermercados ShopRite y Fairway en cuatro estados y tres mercados especializados Gourmet Garage en la ciudad de Nueva York.
Village Super Market (NSD-VLGEA)는 2024년 12월 13일부터 시행되는 중요한 리더십 변화를 발표했습니다. 로버트 수마스는 CEO 및 임시 의장직에서 물러나지만, 수석 고문 및 이사회 회원으로 남을 것입니다. 이사회는 존 J. 수마스를 새 CEO로, 니콜라스 수마스를 의장 겸 회장으로 임명할 계획입니다.
존 J. 수마스는 2009년부터 이사로, 2018년부터 공동 회장으로 활동하며 COO 및 법률 고문을 포함한 다양한 역할을 맡아왔습니다. 니콜라스 수마스 역시 2009년부터 이사로, 2018년부터 공동 회장으로 활동하며 CMO 및 부사장을 맡았습니다. 그는 또한 웨이크퍼니의 경영진이자 이사회 회원입니다.
회사 측은 또한 2024년 7월 11일 윌리엄 수마스가 사망하면서 이사회를 10명에서 9명으로 줄일 것이라고 발표했습니다. Village Super Market은 4개 주에서 34개의 ShopRite와 Fairway 슈퍼마켓, 그리고 뉴욕시의 3개의 Gourmet Garage 전문 시장을 운영하고 있습니다.
Village Super Market (NSD-VLGEA) a annoncé des changements significatifs au niveau de la direction, effectifs à partir du 13 décembre 2024. Robert Sumas quittera son poste de PDG et de Président par intérim, mais restera Conseiller Senior et membre du Conseil. Le Conseil prévoit de nommer John J. Sumas en tant que nouveau PDG et Nicholas Sumas en tant que Président et Chairman du Conseil.
John J. Sumas, Directeur depuis 2009 et Co-Président depuis 2018, a occupé divers postes, y compris celui de COO et de Conseiller Général. Nicholas Sumas, également Directeur depuis 2009 et Co-Président depuis 2018, a été CMO et Vice-Président. Il est également un dirigeant de Wakefern et membre de son Conseil.
L'entreprise a aussi annoncé qu'elle réduira son Conseil d'administration de dix à neuf membres, suite au décès de William Sumas le 11 juillet 2024. Village Super Market exploite 34 supermarchés ShopRite et Fairway dans quatre États ainsi que trois marchés spécialisés Gourmet Garage à New York.
Village Super Market (NSD-VLGEA) hat bedeutende Veränderungen in der Führung bekannt gegeben, die am 13. Dezember 2024 wirksam werden. Robert Sumas wird als CEO und interimistischer Vorsitzender zurücktreten, wird jedoch als Senior Advisor und Mitglied des Vorstands bleiben. Der Vorstand plant, John J. Sumas zum neuen CEO und Nicholas Sumas zum Präsidenten und Vorsitzenden des Vorstands zu ernennen.
John J. Sumas ist seit 2009 Direktor und seit 2018 Co-Präsident, und hat verschiedene Rollen innegehabt, darunter COO und General Counsel. Nicholas Sumas ist ebenfalls seit 2009 Direktor und seit 2018 Co-Präsident und hat als CMO und Vizepräsident gedient. Er ist auch ein leitender Angestellter von Wakefern und Mitglied seines Vorstands.
Das Unternehmen gab zudem bekannt, dass es seinen Vorstand von zehn auf neun Mitglieder reduzieren wird, nach dem Tod von William Sumas am 11. Juli 2024. Village Super Market betreibt 34 ShopRite- und Fairway-Supermärkte in vier Bundesstaaten sowie drei Gourmet Garage-Spezialmärkte in New York City.
- Smooth leadership transition with Robert Sumas remaining as Senior Advisor
- Appointment of experienced internal candidates for CEO and President roles
- Continuity in leadership with new appointees having long-term company experience
- Streamlined Board of Directors, potentially improving decision-making efficiency
- Potential disruption in company strategy due to change in top leadership
- Loss of Robert Sumas' direct leadership as CEO and Chairman
SPRINGFIELD, N.J., Sept. 19, 2024 (GLOBE NEWSWIRE) -- Village Super Market, Inc. (NSD-VLGEA) today announced that Robert Sumas has notified the Board of Directors of his decision to step down as Chief Executive Officer and interim Chairman of the Board of Directors effective December 13, 2024. Mr. Sumas will remain employed by the Company as a Senior Advisor to the executive team to ensure a smooth transition of duties. Mr. Sumas also plans to continue to serve the Company as a member of its Board of Directors.
Robert Sumas was appointed Chief Executive Officer and Vice Chairman of the Board of Directors in 2017 and served as President from 2009 through 2018. He has served variously as Executive Vice President, Chief Operating Officer, Secretary and a Director of the Company since 1969.
The Company also announced that the Board plans to appoint John J. Sumas as the new Chief Executive Officer and Nicholas Sumas as President and Chairman of the Board of Directors effective December 13, 2024.
John J. Sumas has served as a Director since 2009, and has been a Co-President since 2018. Mr. Sumas has held a diversity of supervisory positions since his employment in 1987, including Chief Operating Officer, General Counsel and Vice President.
Nicholas Sumas has served as a Director since 2009, and has been a Co-President since 2018. Mr. Sumas has held a diversity of supervisory positions since his employment in 1994, including Chief Marketing Officer and Vice President. Mr. Sumas is also an executive officer of Wakefern and a member of the Wakefern Board of Directors.
Additionally, the Company has announced, by resolution of the Board of Directors, the Board will not fill the vacancy resulting from the passing of Board member William Sumas on July 11, 2024, reducing the number of members on the Board of Directors from ten to nine, effective immediately.
Village Super Market operates a chain of 34 supermarkets under the ShopRite and Fairway names in New Jersey, Maryland, New York and eastern Pennsylvania and three specialty markets under the Gourmet Garage name in New York City.
| Contact: | John Van Orden, CFO |
| (973) 467-2200 | |
| VillageInvestorRelations@wakefern.com |
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