DePalo Foods Calzones
The O.G. of cave-aged blue cheese. Born in caves. Today, our cheeses are aged in a state-of-the-art facility in Wisconsin.
Trader Joe's CEO Dan Bane Announces Retirement; Bryan Palbaum to Assume Role and Jon Basalone Promoted to Vice CEO and President

Trader Joe's CEO Dan Bane Announces Retirement; Bryan Palbaum to Assume Role and Jon Basalone Promoted to Vice CEO and President


MONROVIA, CA
Tuesday, May 16th, 2023

A retirement was announced earlier this week from Trader Joe’s, as Dan Bane will be stepping down from his role as Chief Executive Officer. Bryan Palbaum will be succeeding Bane as Chairman and CEO, and Jon Basalone will be taking on the titles of Vice CEO and President.

Bryan Palbaum, Incoming Chairman and Chief Executive Officer, Trader Joe's (Photo credit: CLU School of Management)“We are thankful for Dan’s leadership over the past 22 years. Jon and I look forward to working with all crew members to continue to grow Trader Joe’s,” Palbaum commented on his transition. “We remain focused on providing customers with exciting products at great values while being true to the seven values that will continue to guide Trader Joe’s.”

Palbaum has been with Trader Joe's for more than 20 years, a press release stated. For the last 10 years, he has been President and Chief Operations Officer.

Jon Basalone, Vice Chief Executive Officer and President, Trader Joe'sAs noted in the release, Basalone will also be taking on new roles within the company. He will be promoted to Vice CEO and President. Basalone has been with the company for more than 33 years, starting as a store Crew Member in Southern California. Most recently, he has been President of Stores.

As we noted above, this news came in tandem with the announcement of Bane’s retirement.

Trader Joe’s announced that Bryan Palbaum will step up as Chairman and CEO following the retirement of Dan Bane in July, and Jon Basalone will be promoted to Vice CEO and President

Bane has been with the company for more than 25 years, the last 22 as the Chairman and CEO. The company has since grown to be a national chain of 543 neighborhood grocery stores in 42 states, plus Washington, DC. The release noted that he championed a unique set of seven values that guide the company and help direct all associates.

Dan Bane, Retiring Chief Executive Officer, Trader Joe'sIn a message to Trader Joe’s crew members, Bane commented, “…I take great pride that together we have made Trader Joe’s the best grocery store in America. Thanks to all!”

Congratulations to all as they start their new journeys!

Trader Joe’s
Topics: