Great Atlantic & Pacific Tea Company has moved to appoint Ron Marshall as its new chief executive officer this week, following his resignation from his CEO post at bookseller Borders Group this week.
Mr Marshall, who spent just over a year in his CEO position at Borders, will replace interim chief executive Christian Haulb on 8 February. Great Atlantic has been looking for a permanent CEO since October 2009.
He had previously worked at private equity firm Wilbridge Capital Management in the US.
'I am very much looking forward to working with Christian, the Board ofDirectors and the management team to realise A&P's tremendousstrategic potential,' said Mr Marshall. 'I am confident that, together, we will bringA&P back to its leadership position.'
Earlier in January, Great Atlantic reported that it made a loss of US$559.6m during the third quarter of fiscal 2009/10, or US$14.35 per share, down from a loss of US$14.4m, or US$1.90 per share, a year earlier.
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