- Push-out Score determined
- After 17 years in the position
- Praise and thanks for Lindberg
- RJ Sheedy taking over
- Lindberg will remain as Chairman at Grocery Outlet
- Lindberg said 103 words
(exechange) — Emeryville, California, November 8, 2022 — Eric Lindberg, chief executive of Grocery Outlet, leaves his position. As announced by Grocery Outlet Holding Corp. in a news release and in a regulatory filing published on Tuesday, November 8, 2022, Eric J. Lindberg leaves his post as chief executive officer at the discount closeout retailer, after 17 years in the role, effective December 31, 2022.
It is the end of an era.
Eric Lindberg’s duties as CEO will be taken over by Robert Joseph (RJ) Sheedy, currently President at Grocery Outlet Holding Corp.
No reason given
In the announcement, Grocery Outlet did not explicitly explain the reason for the move.
Lindberg will remain as Chairman at Grocery Outlet
“[E]ffective January 1, 2023, Eric Lindberg will transition from the role of Chief Executive Officer to Chairman of the Board, and RJ Sheedy, currently the Company’s President, will become President and Chief Executive Officer,” Grocery Outlet said.
“Retire”
Grocery Outlet said: “On November 2, 2022, Eric J. Lindberg, Jr. provided notice to the Company’s board of directors (the “Board”) of his decision, effective December 31, 2022, to retire as Chief Executive Officer of the Company.”
Share price increase since November 2019
The announcement follows an increase in Grocery Outlet Holding Corp.’s share price of 2% since November 2019.
In the position of CEO since 2006
Eric Lindberg became CEO of the Company in 2006.
Lindberg, a director since January 2006, has served as the Company’s Chief Executive Officer since January 2019.
Previously, from January 2006 to December 2018, Lindberg served as the Company’s Co-Chief Executive Officer, and he has served in various positions with the Company since 1996.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Eric Lindberg’s move on a scale of 0 to 10.
exechange reached out to Grocery Outlet and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 46.2022 ($).