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A&P Announces Organization Structure, Executive Promotions
MONTVALE, NJ - (November 4, 2004) - The Great Atlantic & Pacific Tea Company, Inc. (A&P)(NYSE:GAP) today announced a new organization that will combine corporate and U.S. operating management in a unified structure. The Company also announced key senior executive appointments aligned with the formation of the new structure.
Brian Piwek will be promoted to President and Chief Operating Officer of the Company, reporting to Christian Haub, Chairman of the Board and Chief Executive Officer. Mr. Piwek joined A&P in 1997 as Vice Chairman of its Canadian Company, and became Chief Executive Officer of A&P Canada in 2000, leading the turnaround and successful development of that business. In 2002, he came to the U.S. as President and Chief Executive Officer of the Company's previous U.S. business unit, where he directed the initial phase of the turnaround of those operations.
Commenting on Mr. Piwek's promotion, Mr. Haub said, "Through Brian's leadership, we have stabilized our results in the U.S., defined strategies to revitalize our customer offer, and created the optimal management organization to execute those strategies going forward. I will continue working closely with him in our new structure as he drives the ongoing improvement of our U.S. business; and also directly with Eric Claus, President and CEO of A&P Canada, as he leads us to the next level of development in Ontario."
The Company also announced that Mitchell P. Goldstein, Chief Financial Officer, will be promoted to Executive Vice President, reporting to Mr. Haub. Mr. Goldstein joined A&P in 2000 as Senior Vice President, Finance and Treasurer, and was appointed Chief Financial Officer in 2002.
"Mitch has played a critical role over the past two years in managing and preserving our Company's financial position and liquidity," Mr. Haub said. "In addition to Finance responsibility, he will work with me, Brian Piwek and Eric Claus on strategic planning, business analysis, budgeting and cost management for the U.S. and Canadian operations."
Founded in 1859, A&P, one of the nation's first supermarket chains, is today among North America's largest. The Company operates 633 stores in 10 states, the District of Columbia and Ontario, Canada under the following trade names: A&P, Waldbaum's, The Food Emporium, Super Foodmart, Super Fresh, Farmer Jack, Sav-A-Center, Dominion, The Barn Markets, Food Basics and Ultra Food & Drug.
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Investor Contact:
William J. Moss
Vice President, Treasurer
(201) 571- 4019
Press Contact:
Richard P. De Santa
Vice President, Corporate Affairs
(201) 571 - 4495
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