Weis to buy three Genuardi’s from Safeway
SUNBURY, Pa. — Weis Markets on Monday announced it has entered into an agreement to purchase three Pennsylvania-based Genuardi’s stores from Safeway.
"We’re extremely pleased to be adding these stores to our store base," Weis Markets president and CEO David Hepfinger said. "We look forward to serving these communities as the lead local merchant as we have in 33 counties throughout central, eastern and Northeastern Pennsylvania. We will also be reaching out to the associates of these stores to discuss employment with our company."
The stores will continue to operate as Genuardi’s prior to the completion of the sale.
As previously reported by Drug Store News, Safeway said it was exiting the Philadelphia market with the sale of 16 of its Genuardi’s stores in the greater Philadelphia area to Giant Food Stores, a division of Ahold USA.
Weis Markets’ 2011 sales up 5% despite slow recovery
SUNBURY, Pa. — Weis Markets on Monday reported an increase in 2011 sales of 5% to $2.8 billion.
Weis said its comparable sales for the calendar year also were up, increasing 4.2% for 2011, compared with the year-ago period.
"Our organization generated strong results for the year in a market clearly impacted by the slow recovery and continuing high unemployment," Weis Markets president and CEO David Hepfinger said. "We continue to benefit from our record level cap ex investments in our store base, improved efficiencies and operating discipline in the overall management of our stores, strong increases in our sales per customer and more comprehensive sales building programs during key holiday periods, particularly in the fourth quarter."
AmerisourceBergen EVP, CFO steps down
VALLEY FORGE, Pa. — AmerisourceBergen on Monday announced that Michael DiCandilo, the company’s EVP and CFO, has left the company to pursue other interests, effective immediately.
"Mike departs the company with an impeccable record of service over his 21 years, including the past 10 as our chief financial officer," AmerisourceBergen president and CEO Steven Collis said. "His tremendous contributions to the success of AmerisourceBergen through his fiscal leadership and business stewardship are greatly appreciated, and we wish him all the best in his future endeavors."
Also effective immediately, Tim Guttman, ABC’s VP and corporate controller since 2002, will serve as acting CFO and will assume responsibility for ABC’s core financial functions on an interim basis. Guttman was previously VP finance of Syncor International, and held financial planning and financial services managerial positions at Disney Consumer Products, Pizza Hut and PepsiCo.
Guttman started his career as a certified public accountant with accounting firm Deloitte & Touche.
AmerisourceBergen has engaged an executive search firm to manage the recruitment of a new CFO.