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Familiar face to lead Grocery Outlet as CEO steps down

Grocery Outlet Holding Corp. Chairman of the Board Eric Lindberg has been appointed interim president and CEO, effective immediately. Lindberg replaces RJ Sheedy, who has stepped down from his position and resigned from the company’s board of directors. The board has engaged a leading global executive search firm to begin the process of identifying a permanent CEO.

With more than three decades of leadership experience at the company, Lindberg is a Grocery Outlet veteran with a deep knowledge of its operations and strategy. He previously served as CEO or co-CEO from January 2006 through December 2022, during which time he led Grocery Outlet’s transformation from a closely held family-owned business to a sponsor-backed private company, taking on significant outside capital from Berkshire Partners and Hellman & Friedman, and then ultimately to a publicly traded company in 2019.

Under Lindberg’s leadership, Grocery Outlet increased its store count more than 250 percent and its net sales nearly 500 percent, expanding to markets across the country. Lindberg has served as a director since January 2006 and as chairman of the board since January 2023.

“On behalf of the board, I want to express my deep appreciation to RJ for his contributions to Grocery Outlet over the past 12 years,” said Lindberg. “RJ played a critical role in scaling and evolving our business and has set the stage for continued strong growth in the future.

“The fundamentals of our business — the significant value and treasure hunt shopping experience we bring to customers — remain strong and the runway in front of us is substantial,” said Lindberg. “I look forward to working with our employees, independent operators and supplier partners to deliver outstanding execution on our strategy and unlock Grocery Outlet’s earnings potential.”

Photo: Eric Lindberg

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