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SpartanNash Announces Finance Team Transitions

SpartanNash Announces Finance Team Transitions


GRAND RAPIDS, MI
Friday, March 12th, 2021

Another executive shakeup has recently occurred, signaling even more growth for an esteemed retailer, as SpartanNash has revealed several strategic shifts within its leadership team. The retailer announced that it has named Jason Monaco as its new Executive Vice President (EVP) and Chief Financial Officer (CFO), effective March 22.

Jason Monaco, Executive Vice President and Chief Financial Officer, SpartanNashAs CFO, Monaco will direct finance, mergers and acquisitions, treasury, internal audit, real estate, and risk management and will report to SpartanNash's President and Chief Executive Officer, Tony Sarsam. The current EVP and CFO, Mark Shamber, will remain with the company through the end of April to assist with the transition.

Monaco most recently served as CFO for Dallas, Texas-based Cornerstone Chemical Company. He also served as CFO of Dallas-based Borden Dairy and held increasing executive leadership positions with Kimberly-Clark. During his time at Borden, Monaco was responsible for planning, implementing, managing, and controlling all financial and technology-related activities.

SpartanNash has revealed several strategic shifts within its executive leadership team

His strategic initiatives drove volume growth and execution of a critical supply chain productivity program resulting in significant cost savings, according to a company release. At Cornerstone Chemical, Monaco guided acquisition integration planning, facilitating 50 percent sales growth through capacity, fulfillment, customer transition, inventory management, systems integration, and organizational design.

Tony Sarsam, President and Chief Executive Officer, SpartanNash"We look forward to having Jason join our team," said Sarsam. "Jason has a proven track record of partnering with cross-functional teams and digging deeply into the business to build systems, processes, and teams to develop and drive operational efficiencies. His extensive food distribution expertise at Borden Dairy, coupled with his deep financial background leading multiple global teams with Kimberly Clark, align with SpartanNash's future growth plans. On behalf of the board of directors and all of us at SpartanNash, I want to thank Mark for supporting this transition and for all his contributions over the last three years. We wish him well in his future endeavors."

Todd Riksen, Vice President, Corporate Controller, SpartanNashSpartanNash also unveiled the promotion of Todd Riksen to Vice President, Corporate Controller, effective March 14. Riksen is taking on the role as part of the company's succession plan. In his new position, Riksen will oversee the company's retail, distribution, and corporate accounting and financial reporting, SEC reporting, tax compliance and tax planning, financial shared services, and will support the quarterly earnings reports, shareholder calls, and required filings.

Riksen is a certified public accountant who joined the company in April 2018 as Director of Financial Reporting and Corporate Accounting. Prior to joining SpartanNash, Riksen worked in the assurance practice at Ernst & Young serving publicly traded companies while based in the U.S. and in the Netherlands. During his time at Ernst & Young, Riksen held roles of increasing responsibility, culminating with his role as Assurance Senior Manager.

Tammy Hurley, Retiring Vice President of Finance and Chief Accounting Officer, SpartanNashIn addition to these new appointments, Tammy Hurley, Vice President of Finance and Chief Accounting Officer, is retiring on April 23 after two decades of work within the company.

"As part of our people-first culture, we are grateful for Tammy's leadership, talent development, as well as the succession planning that will enable us to seamlessly make this transition," said Sarsam. "Todd is a key contributor and we are excited to have him overseeing our accounting group. He is well respected by our executive leadership team, co-workers, and customers; and we look forward to his future contributions."

We at Deli Market News congratulate all of these individuals as they begin the next journey in their careers!

SpartanNash
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