- Signs for push-out forces
- After almost nine years on the job
- Laud, praise and thanks for Eidson
- Dave Staples taking over
- Eidson will remain as Chairman
- Eidson spoke at length and said 171 words
(exechange) — Grand Rapids, Michigan, March 02, 2017 — Dennis Eidson, chief executive of SpartanNash, leaves the position. As announced by SpartanNash Company in a news release and in a regulatory filing published on Thursday, March 02, 2017, Dennis Eidson leaves the post as Chief Executive Officer at the grocery store company after almost nine years on the job, effective May 23, 2017.
Eidson’s duties are taken over by Dave Staples, currently President and Chief Operating Officer at SpartanNash Company.
No reason given
In the announcement, SpartanNash did not explicitly explain the reason for Eidson’s move.
SpartanNash said: “On February 28, 2017, Dennis Eidson advised the Board of Directors of SpartanNash Company … that he will retire as Chief Executive Officer of the Company, effective at the conclusion of the Company’s annual shareholder meeting to be held on May 23, 2017.”
Eidson will remain as Chairman at SpartanNash
Eidson will continue to serve as Chairman of the Board of Directors, and will stand for re-election at the annual meeting.
Share price decline
The change follows a decline in the share price of SpartanNash Company since February 22, 2017.
On the job as CEO since 2008
Eidson has been the Chief Executive Officer of SpartanNash Company since October 15, 2008.
He has more than 20 years of executive experience in the grocery retail and distribution industry.
He has served on the SpartanNash Board of Directors since 2007 and was elected Chairman at the company’s annual shareholders meeting in June 2016.
Previously, Eidson served as the company’s President (2007-2016), Chief Operating Officer (2007-08) and Executive Vice President of Marketing and Merchandising (2003-07).
Prior to joining SpartanNash, Eidson served as the Divisional President and Chief Executive Officer of A&P’s Midwest Region (2000-02), Executive Vice President of Sales and Merchandising of A&P’s Midwest Region (2000) and Vice President of Merchandising for A&P’s Farmer Jack division (1997-2000).
Signs for push-out forces
It is not completely certain what forces eventually triggered Dennis Eidson’s move.
The Push-out Score™ determined by exechange suggests that push-out forces may have contributed to the management change.
Read the full story in the exechange report 10.2017 ($).