Supervalu Inc. announced that Santiago Roces will be the new CEO and president for Save-A-Lot, a wholly-owned subsidiary of Supervalu. Roces was named to the position after most recently serving as senior vice president and general manager of Walmart’s small format division.
Roces, 48, replaces Bill Shaner, who has led Save-A-Lot since 2006 and helped establish Save-A-Lot as one of the premier hard-discount grocery stores in America. Under Shaner’s tenure, Save-A-Lot outlined a significant growth strategy, which resulted in the company growing by 92 stores last year.