Winn-Dixie CEO Lynch To Step Down

By Salon Staff
January 15, 2012 1:09AM (UTC)
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JACKSONVILLE, Fla. (AP) — The chief executive officer of Winn-Dixie is stepping down as the Florida-based supermarket chain merges with Bi-Lo LLC.

CEO Peter Lynch told employees in a letter Friday that he'll stay on for another 60 to 120 days. South Carolina-based Bi-Lo purchased Winn-Dixie for about $560 million in December.

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The combined company will have about 690 stores and 63,000 workers in eight southern states. Jacksonville-based Winn-Dixie Stores Inc. will become a privately held Bi-Lo subsidiary.

Replacing Lynch as Winn-Dixie's chief will be Randall Onstead, currently Bi-Lo's chairman.

Lynch has been Winn-Dixie CEO since 2005. In his letter Lynch says he helped the chain return to profitability after it emerged from Chapter 11 bankruptcy protection in 2006.

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That included remodeling more than half of Winn-Dixie's stores and new marketing campaigns.


Salon Staff

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