Green Bay, Wis. -- Shopko on Monday named Peter McMahon, most recently COO of Loblaws, as its new CEO, effective immediately. Loblaws is Canada’s largest food retailer with over $30 billion in sales.
At Loblaws, McMahon was responsible for supply chain, IT, HR, labor relations, merchandising, store operations and loss prevention functions. Prior to Loblaws, McMahon held various senior level positions with some of the world’s largest retailers, including Wal-Mart in Germany and Japan and Tesco in central Europe.
“We are fortunate to have such a successful and distinguished retail executive like Peter McMahon join the Shopko team,” said T. Scott King, senior managing director for Sun Capital Partners (ShopKo is owned by an affiliate of Sun Capital). “Peter is highly collaborative and has an outstanding track record of driving results and solving complex business problems. His extensive supply chain experience will be a tremendous asset as Shopko continues to grow its Shopko Hometown store format which serves smaller, rural markets. Peter will be an excellent addition to lead the already strong executive team at Shopko.
ShopKo operates almost 350 stores in 22 states throughout the Midwest, Mountain, North Central and Pacific Northwest regions.