Save-A-Lot Names Former Lidl Chief as CEO
Save-A-Lot, a discount grocery store retailer, announced that it has appointed Kenneth McGrath as its CEO, effective April 21. McGrath is an experienced leader in the discount grocery industry. He spent 13 years with Lidl in executive roles including CEO of Lidl Ireland from 2009 to 2013, and CEO of Lidl USA from 2013 to 2015.
“Kenneth is a strong executive that brings to Save-A-Lot tremendous experience in hard discount retailing,” said Matthew Ross, chairman of Save-A-Lot’s board of directors and managing director at Onex, in a statement. “He's highly capable of building a world-class organization, investing in the company’s capabilities and systems, and returning Save-A-Lot to industry-leading growth by leveraging its unique market position.”
McGrath will be taking over from Eric Claus, Save-A-Lot’s current CEO. Claus and Onex, the company’s controlling shareholder, have mutually agreed to part ways.