New CEO Named at Wegmans

Danny Wegman, CEO of Wegmans Foods Markets, on Wednesday said he has appointed his daughter Colleen to succeed him at the helm of the family-run retailer. Danny Wegman has served as CEO since 2005, succeeding his father, Robert.

Colleen Wegman joined Wegmans in 1991, and was named president in 2005 by the late Robert B. Wegman, her grandfather. She previously served as a store manager, senior vice president of merchandising, directed e-commerce and helped to develop Wegmans’ natural/organic department.

"I will continue in my role, but now as chairman of the company,” Danny Wegman said in a statement issued by the company. “The time has come to create a structure for the future that will allow us to remain strong, vibrant and family-owned. I have no doubt that our company will be in good hands.”