retail news in context, analysis with attitude

Save Mart Supermarkets Chairman and CEO Bob Piccinini reportedly has announced to senior management a complete corporate and support organization restructure. Frank Capps has been promoted to the newly-created position of Executive VP and Chief Sales Officer, reporting to Steve Junquiero, President and COO. Frank Capps will oversee Marketing, Merchandising, and Operations. Mike Silveira (Executive VP and Chief Administrative Officer), Dan Miller (Vice President of SMART Transport), Ray Agah (Vice President of Engineering and Construction), and John Davis (Executive Director of Distribution) will also report to Steve Junqueiro who reports to Bob Piccinini.

In addition to the organization restructure, 36 positions – ranging from vice presidents to clerks and affecting all corporate and support departments – reportedly have been eliminated.

Save Mart said that the moves reflect its “continued efforts to strengthen its position in the marketplace and enhance operational efficiency for future growth.”
KC's View: