Grocery Outlet updates leadership
Grocery Outlet updates leadership
Grocery Outlet Holding Corp. named Paul Miller its executive vice president, chief purchasing and merchandising officer, and Ian Ferry its executive vice president and chief financial officer. These executive appointments support the company’s continued efforts to restore long-term profitable growth and strengthen its operational foundation.
Miller, a former key executive in the company’s purchasing organization, returns to lead the company’s integrated purchasing and merchandising organization, succeeding Matt Delly, who will depart the Grocery Outlet.
Ferry is being promoted from his current role as senior vice president, strategic finance, investor relations and treasurer, to succeed Chris Miller, who is retiring and will remain with the company through June 26 to support the transition.
“Having worked alongside Paul for many years, I can say without hesitation that he is one of the most talented merchants and leaders in Grocery Outlet’s history,” said Eric Lindberg, chairman of the board of directors. “Paul played a central role in building the company’s opportunistic buying organization, supplier relationships, and treasure hunt experience that have become defining competitive advantages for Grocery Outlet. He combines exceptional merchant instincts with outstanding leadership, earning respect across our organization and throughout the supplier community. As we continue strengthening performance and sharpening our competitive differentiation, Paul’s return reinforces one of the foundational strengths of our business, and I am thrilled to welcome him back to the executive team.”
“As we strengthen Grocery Outlet and continue our efforts to restore sustainable, profitable growth, we are fortunate to add two proven and accomplished leaders to our executive leadership team,” said Jason Potter, president and CEO of Grocery Outlet. “Paul has been supporting our recent efforts to sharpen our focus on opportunistic product in an advisory capacity, and we are delighted to welcome him back to Grocery Outlet on a full-time basis. Few people understand the art and science of opportunistic buying at scale better than Paul. His return reflects our commitment to strengthening the treasure hunt experience that differentiates Grocery Outlet and creates value for our customers.”
Potter continued, “Ian has quickly become a trusted strategic partner to our executive team. His combination of operating discipline, financial expertise, capital management experience and strategic focus has already helped advance several of our most important initiatives. Ian understands our business, our opportunities, and the actions required to create long-term shareholder value, making him an ideal fit for our next chief financial officer.
“I would like to thank Chris and Matt for their many contributions to Grocery Outlet. Chris has been a valued partner during an important transition period for our company, helping strengthen our financial organization and supporting key operational initiatives. Matt has brought energy, leadership and strategic thinking to our purchasing and merchandising organizations, helping position the business for future success.”
