A&P emerges from bankruptcy

Montvale, N.J. -- Grocer The Great Atlantic & Pacific Tea Co. Inc. said Tuesday it has emerged from Chapter 11 bankruptcy protection as a private company.

The company filed for bankruptcy protection in late 2010 but has re-emerged with operational financing, completed store renovations and new supplier and employee union agreements, as well as new management team, in place.

Raymond Silcock has been named CFO of the company, as of Tuesday, replacing Frederic Brace, who is resigning from his role as chief restructuring, financial and administrative officer now that the bankruptcy process is complete.

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