Craig Herkert Net Worth is1.9 $Million
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Company Logo: Image:Supervalu-logo.svg
Company Name: Supervalu Inc.
Company Type: Public company
Traded As: SVU, S&P 500
Company Slogan: Tradition, excellence and future promise.
Foundation: Minneapolis, Minnesota (1926)
Location: Eden Prairie, Minnesota, United States
Area Served: United States
Key People: Wayne Sales CEO
Num Employees: 130,000
Industry: Retailing
Products: Supermarkets, grocery store, pharmacies, food
Market Cap: United States dollar 5.92B (September 2008)url
Revenue: operating income
Net Income: assets
Equity: {{decrease}} United States dollar $12.053 Billion (2012)
Homepage: [], []
Supervalu Inc. is an American retailing company. The corporation, headquartered in Eden Prairie, Minnesota, has been in business for over a century. It is the third-largest food retailing company in the United States (after Kroger and Safeway), and ranks #75 on the 2012 Fortune 500 list.
On June 2, 2006, Boise, Idaho-based Albertsons, Inc. and 1,124 of its stores were sold to Supervalu. The sale was approved by the shareholders of both Supervalu and Albertsons on May 30, 2006.
Supermarket News ranked Supervalu #1 in the 2008 "Top Wholesalers for 2008".

In 1870, Hugh G. Harrison provided the money for B.S. Bull and Company, a dry goods wholesaler serving Minneapolis, Minnesota. Though B.S. Bull and Company was short lived, its founders went on to create a similar company. In 1926, Supervalu's direct ancestor, Winston and Newell Company, was founded from the merger of Winston, Harper and Fisher and the Newell Company, two companies founded by B. S. Bull's backers.
Winston and Newell was a charter member of the Independent Grocers Alliance in 1928, but left IGA in 1942 in favor of forming a "virtual chain" of independently owned stores that operated under the SUPERVALU and U-Save banners. However, it still serves as a supplier to many IGA stores. This concept proved to be such a success that in 1952, the company changed its name to Supervalu Inc. The name was modified to Supervalu in 1992.
The company has been listed on the New York Stock Exchange since 1967, and was the first voluntary group to be listed there.
In 1963, the company acquired the Food Marketing Corporation of Fort Wayne, Indiana, which traced its roots to the early 1800s, as Bursley & Company. The acquisition of Food Marketing brought Supervalu into the institutional market. George W. McKay, The President of Food Marketing, joined Supervalu as an Executive Vice President and later as President and Chief Executive Officer of Supervalu in 1970.
In 1971, the discount chain ShopKo w

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Craig Herkert Latest News

CEO Pay Watch: Craig Herkert, former Supervalu CEO

Note: Herkert was terminated on July 28. His salary is from a partial year, and his other ­compensation includes $2.8 million in severance pay. Board member Wayne Sales stepped in as interim CEO and began a strategic review of the company. Sales ...
Posted: June 3, 2013, 9:50 pm

Supervalu's Merger Rumors Overshadowed Analyst Upgrade

SVU's share price suffered badly from July 11th to July 27th as it declined by 62% and that caused its former CEO Craig Herkert to be fired. SUPERVALU's replacement of its former CEO Craig Herkert with its Non-Executive Chairman Wayne Sales on July 30th ...
Posted: December 16, 2012, 11:23 pm

Storm Warning for Grocery Union As Huge Supervalu Chain Falters

The seriousness of the situation was reinforced this week when Supervalu CEO Craig Herkert was summarily fired. The financial turmoil is bad news for the company’s 130,000 workers, about 84,000 of who are represented by the United Food & Commercial ...
Posted: July 30, 2012, 9:00 pm
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