Village Super Market CEO Change and Board Reduction

By Bobby Samwell • Friday, September 20 06:01 • Permanent Link

Village Super Market, Inc. has announced a forthcoming change in leadership, with Robert Sumas stepping down as Chief Executive Officer and interim Chairman of the Board of Directors effective December 13, 2024. Mr. Sumas will continue to serve as a Senior Advisor and a member of the Board of Directors.

The Board plans to appoint John J. Sumas as the new Chief Executive Officer and Nicholas Sumas as President and Chairman of the Board of Directors, effective December 13, 2024.

The Company also revealed that, following the passing of Board member William Sumas on July 11, 2024, the Board will not fill the resulting vacancy, reducing the number of members on the Board of Directors from ten to nine, effective immediately.

Village Super Market operates a chain of 34 supermarkets under the ShopRite and Fairway names in New Jersey, Maryland, New York, and eastern Pennsylvania, as well as three specialty markets under the Gourmet Garage name in New York City. The market has reacted to these announcements by moving the company's shares 2.3% to a price of $33.28. Check out the company's full 8-K submission here.

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