New York, NY, Oct. 19, 2017 (GLOBE NEWSWIRE) -- Peter J. Solomon Company is pleased to announce the appointment of Justin C. Dye as a Senior Advisor to the firm. Mr. Dye will partner with Scott Moses, Head of PJSC’s Food Retail & Restaurants Group , in advising clients in the grocery retail and distribution sectors, as well as in related Consumer Products verticals.
Marc S. Cooper, CEO of Peter J. Solomon Company, said of the appointment, “We are excited that a grocery industry leader with the talent, extensive experience and integrity of Justin Dye is joining our firm. We believe without question that his deep expertise will enhance our ability to provide trusted, strategic advice to our clients across the dynamic food retail landscape.”
Mr. Dye helped lead Cerberus’ acquisition of Albertsons' "non-core" stores (Albertsons LLC) in 2006, after which he was appointed Chief Strategy Officer. Under his leadership, Albertsons executed acquisitions, operational improvements and successful turnarounds of various chains, including Safeway, New Albertsons (from Supervalu), United Supermarkets and Haggen Food & Pharmacy. Over ten years, the company grew from approximately $10 billion in sales with roughly 660 stores to over $60 billion in sales and over 2,300 stores.
Scott Moses, Head of PJSC’s Food Retail & Restaurants Group, said, “Justin played a key part in the creation of billions of dollars of shareholder value for Albertsons. I am thrilled to be partnering with him to help our food retail clients preserve and create shareholder value.”
Most recently, Mr. Dye served as Chief Administrative Officer and a member of the Office of the CEO, running day-to-day operations of Albertsons Companies, which grew to become the second-largest supermarket chain in the United States. He led integration activities for the Albertsons and Safeway merger with over $800 million in synergies.
Mr. Dye’s experience has also included leading the simplification and consolidation of company-wide supply chain operations including distribution, procurement and manufacturing. In addition, he led growth initiatives with responsibility for M&A, Corporate Development, Strategy and Real Estate, as well as significant changes in the Information Technology function with reorganization, digital acceleration, technology modernization and process improvement.
Prior to Albertson’s, Mr. Dye was an operating executive for Cerberus Capital Management, where he worked on new private equity investments in a variety of industries. He was previously a General Manager at General Electric, running the multinational conglomerate’s industrial X-ray equipment manufacturing business in Hamburg, Germany. Also while at GE, he was a member of the Business Development group for GE Aircraft Engines, focusing on strategy and acquisitions.
Mr. Dye represented the food retail industry as a member of the Food Marketing Institute’s Board of Directors’ Executive Committee. He chaired the Industry Relations Committee for FMI and was co-chair of the Trading Partner Alliance, represented by industry leaders from both FMI and GMA. Mr. Dye has served as a past board member of the New Albertsons Inc., Cub Grocery Stores and Idaho First Bank. He has also served as a member of the Board of Visitors of DePauw University, where he received a Bachelor of Arts with academic honors.
Attachments:
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/Attachm...6e3fa80c55
Attachments:
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/Attachm...4fc6e86a78
Christina Giliberti Peter J. Solomon Company 212-508-1640 cgiliberti@pjsc.com
