Supervalu adds to board

Minneapolis — Supervalu has elected Rite Aid chairman, president and CEO John Standley and Cerberus COO and general counsel Mark A. Neporent to its board of directors.

Standley has spent the past 20 years in executive leadership roles in the grocery and pharmacy retail business. He became Rite Aid Corporation’s president and COO in September 2008, was appointed to the Rite Aid board of directors in 2009 and was named CEO in June 2010. He was elected chairman of Rite Aid’s board of directors in June 2012.

Neporent is a designee of Symphony Investors, a Cerberus affiliate. He has served as COO and general counsel of Cerberus since 1998. Cerberus, one of the world's leading private investment firms, has more than $20 billion under management.

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