Supervalu appoints Wal-Mart executive as CEO
Minneapolis Supervalu on Wednesday announced it has appointed Wal-Mart executive Craig Herkert as its new CEO. Herkert, 49, will replace Jeff Noddle, 62, who served as CEO since 2001 and chairman since 2002.
An official start date for Herkert has not been determined. Noddle will serve as executive chairman of the company for at least one year before he departs.
Herkert has served as president and CEO of Wal-Mart’s Americas region, which includes Canada, Puerto Rico and areas in South and Central America, since 2004. Prior to joining Wal-Mart, Herkert spent 23 years with the American Stores and Albertsons companies.
Noddle was the chief architect of Supervalu’s acquisition of Albertsons in 2006, which more than doubled the company’s size. He is also credited with reshaping the company’s supply chain business and making it more efficient. More recently, the chain has found itself battling a perception that it is higher priced than its rivals, which include Wal-Mart and the Kroger Co.
Supervalu said its board began the CEO search more than a year ago.
Price Chopper names former Talbots exec to architectural position
Schenectady, N.Y. The Golub Corp./Price Chopper supermarkets announced that Steven Duffy has been hired as VP architectural design and purchasing services. In the newly created position, Duffy will oversee the design of new and remodeled stores and the purchase of equipment and fixtures for the 117-store chain.
Duffy comes to Price Chopper from Talbots, where he was director of store planning and design.
The Golub Corp. owns and operates more than 100 Price Chopper grocery stores in New York, Vermont, Connecticut, Pennsylvania, Massachusetts and New Hampshire. Golub employs more than 23,000 associates who collectively own 55% of the company’s privately held stock.
Report: Labor demand declines 30% in April, but shows improvement
New York City According to The Conference Board’s most recent report, online advertised job vacancies dropped 30% in April. The Board’s Help-Wanted Online Data Series (HWOL) recorded 3,117,000 advertised positions, a decline of 131,000; The April decline follows dips of 6,600 in February and 100,000 in March.
However, the spring drops were an improvement over December and January, in which drops of 500,000 were recorded.
“Based on the April numbers, we are not out of the woods but the decline in labor demand is moderating,” said Gad Levanon, senior economist at The Conference Board. “April and May are both months where business typically steps up their demand for workers. This year, that bounce may be more evident next month. With the April drop, the gap between labor demand [HWOL] and supply [unemployment] will widen further when the federal unemployment numbers are released. In March, there were 10 million more unemployed workers than advertised vacancies.”
The brightest areas are in the Northeast and South, including New Jersey, New York, Virginia and North Carolina, where the number of advertised vacancies was up in April. The overall national picture, however, continued to be negative in April, with online labor demand declining in all four regions as declines more than offset the limited increases. The most populous states in the Midwest and West continued to post decreases.
The downward trend in employer demand, coupled with the monthly increases in unemployment, is creating a widening gap in the supply/demand balance in most states, according to the report. The disparity is making it increasingly difficult for the unemployed to find jobs.
The Conference Board Help-Wanted Online Data Series measures the number of new, first-time online jobs and jobs reposted from the previous month on more than 1,200 major Internet job boards and smaller job boards that serve niche markets and smaller geographic areas.