Wal-Mart exec to run fast-growing Save-A-Lot

Eden Prairie, Minn. -- Supervalu has named Santiago Roces, a former Wal-Mart Stores executive, as the CEO and president of its discount Save-A-Lot division. Roces, who most recently served as senior VP and general manager of Wal-Mart's small-format division, replaces Bill Shaner, who led Save-A-Lot since 2006 and worked for Supervalu for 27 years.

Supervalu it plans to double the number of Save-A-Lot stores, growing it to more than 2,400 locations by the end of 2015.

Roces is not the first Wal-Mart executive to join Supervalu. Company CEO Craig Herkert also worked at the giant discounter.

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