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• The Penn Traffic Company announced that Greg Young, a former executive with the company, is rejoining Penn Traffic as Sr. Vice President and Chief Marketing & Distribution Officer.

When Young left Penn Traffic in 1999, he became Vice President of Sales & Merchandising for A&P Super Foodmart. He also worked as Vice President of Store Operations and Group Vice President/General Manager for A&P. For the past three years, Young has been an executive with C&S Wholesale Grocers, first as Vice President of Perishables and most recently as Vice President/General Manager of C&S Retail.

• Reports are that Sears Holdings Corp. vice chairman Alan Lacy will leave the company on July 29. He also will resign from the boards of Sears Holdings and Sears Canada.

The move was expected since Lacy was replaced as CEO last fall, and he stood to make millions in bonuses and stock options if he left the company by the end of July.

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