Grocery Outlet Welcomes New CFO to Drive Future Growth

Grocery Outlet Strengthens Leadership with New CFO Appointment

Grocery Outlet Holding Corp. (NASDAQ: GO), an extreme value retailer known for its quality products, recently announced an important addition to its leadership team. The company has appointed Christopher Miller as the Executive Vice President and Chief Financial Officer, scheduled to start on January 6, 2025. This strategic move aims to leverage Mr. Miller's extensive experience to enhance the financial strategies of Grocery Outlet as it continues to expand.

About Christopher Miller and His Experience

Christopher Miller joins Grocery Outlet from Shamrock Foods Company, where he served as CFO. With a significant background in the food service distribution business, Mr. Miller brings nearly two years of leadership experience from a company recognized as the largest family-held distributor in the western region of the United States. Before this role, he accumulated over 15 years at Core-Mark Holding Co., holding various senior financial positions, including CFO and VP of Accounting.

Mr. Miller's diverse expertise spans finance and accounting roles at several notable companies in the retail and consumer sectors, including prominent names such as Cost Plus World Market and Levi Strauss & Co. This broad background equips him with the skills necessary to drive Grocery Outlet's financial vision forward.

Commitment to Growth and Company Culture

In welcoming Mr. Miller, Eric Lindberg, Grocery Outlet’s Chairman and Interim President, expressed confidence in his ability to contribute significantly to the company's future. Lindberg noted, "Chris is an accomplished CFO who brings a wealth of finance, accounting, business strategy, and public company experience to the table... We look forward to shaping the future of Grocery Outlet together."

Mr. Miller himself emphasized his enthusiasm for joining Grocery Outlet, highlighting the company's strong market position and vibrant culture. He stated, "Grocery Outlet is an exceptional company with a powerful business model and an incredible culture that I can’t wait to be part of." His excitement to navigate the company into a promising new chapter reflects a shared vision amongst the leadership team.

Transitioning Leadership Roles

With Mr. Miller stepping into the CFO role, Lindsay Gray, who held the position temporarily since March, will continue as Senior Vice President, Accounting, and Principal Accounting Officer. Mr. Lindberg acknowledged her pivotal role during a transformative period for the company, remarking, "We appreciate Lindsay for stepping up as Interim CFO and are fortunate to continue benefiting from her expertise in accounting and reporting."

The Future of Grocery Outlet

Grocery Outlet operates more than 520 stores across various states, providing customers with quality, name-brand products at exceptional prices. With this new leadership transition, the company is poised to enhance its growth trajectory, focusing on strategic initiatives that align with their commitment to providing value to consumers. As competition in the retail sector escalates, having a seasoned CFO like Mr. Miller is expected to be advantageous in navigating the evolving landscape.

Frequently Asked Questions

What is the significance of the new CFO appointment?

The appointment of Christopher Miller as CFO signifies Grocery Outlet's commitment to strong financial leadership and strategic growth as the company expands its operations.

What previous experience does Christopher Miller have?

Christopher Miller has extensive experience in financial leadership, notably serving as CFO at Shamrock Foods and holding various roles at Core-Mark Holding Co. and other retail companies.

How does this leadership change impact the company?

This change aims to enhance Grocery Outlet's financial strategies, ensure robust financial management, and drive growth in a competitive retail environment.

What role will Lindsay Gray continue to play?

Lindsay Gray will remain as Senior Vice President, Accounting and Principal Accounting Officer, ensuring continuity in the accounting department following her interim role as CFO.

How many stores does Grocery Outlet operate?

Grocery Outlet operates over 520 stores across multiple states, providing a wide range of quality products at value prices.

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