SuperValu announces appointments to its board of directors
SuperValu announces appointments to its board of directors
SuperValu Inc. announced that Frank A. (Terry) Savage and Mathew M. Pendo have been elected to the company’s board of directors, effective April 24. Savage and Pendo were both appointed to the board as designees of Symphony Investors LLC, a Cerberus Capital Management L.P.-led investor consortium, under the terms of the tender offer agreement entered into with Symphony Investors and Cerberus in connection with SuperValu’s sale of five banners to an affiliate of Symphony Investors.
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