SpartanNash Promotes Paul Weis to Vice President, Distribution Finance

Rhea-AI Summary

SpartanNash has promoted Paul Weis to Vice President, Distribution Finance. Weis will oversee finance for the company's global supply chain and report to Executive Vice President and CFO Jason Monaco. SpartanNash's wholesale business accounts for approximately 70% of net sales and is supported by 19 distribution centers, serving over 2,300 retail locations, including 147 SpartanNash-operated stores.

Weis joined SpartanNash in June 2017 and was previously Director of Financial Planning & Analysis. His promotion is part of several Finance VP moves at the company, including Dustin Manning becoming VP of Inventory Management and Justin Vire taking on the role of VP, Cost Leadership. The FP&A team will now be led by Kim Craven, reporting to VP and Principal Accounting Officer Todd Riksen.

Positive

• Promotion of experienced internal candidate to key finance position
• Wholesale business accounts for 70% of net sales
• Company serves over 2,300 retail locations

Negative

• None.

News Market Reaction – SPTN

-0.55%

-0.55% Session move

In the trading session that priced this news, SPTN declined 0.55%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Weis will oversee finance for the organization's global supply chain

GRAND RAPIDS, Mich., Sept. 23, 2024  /PRNewswire/ -- Food solutions company SpartanNash (the "Company") (Nasdaq: SPTN) today announced the promotion of Paul Weis from Director, Financial Planning & Analysis to Vice President, Distribution Finance. Weis will oversee finance for the Company's global supply chain and report to Executive Vice President and Chief Financial Officer Jason Monaco.

"Our distribution network is the backbone of the Company, serving independent customers, national accounts and our own stores. Paul's experience and leadership will ensure our supply chain continues to deliver on our long-term goals and key performance indicators," Monaco said. "Paul has been integral to the successful acquisition of several businesses during his time here, and we are proud to promote him as part of our People First, high-performance culture."  

SpartanNash's wholesale business accounts for approximately 70% of net sales and is supported by 19 distribution centers. It serves more than 2,300 retail locations, including 147 SpartanNash-operated stores. Weis' role will provide strategic financial leadership as the Company continues to grow wholesale customer profitability and expand its geographic footprint.

Weis joined SpartanNash in June 2017 as Manager, Financial Planning & Analysis and was promoted to Director, Financial Planning & Analysis in 2022. Prior to SpartanNash, he spent nearly a decade working in business valuations at Plante Moran. He is a graduate of Grand Valley State University with a degree in finance and economics.

Weis' promotion follows other Finance Vice President moves at SpartanNash. Weis' predecessor Dustin Manning is stepping into the role of Vice President, Inventory Management in the Company's supply chain department. Vice President, Financial Planning & Analysis Justin Vire has accepted a new role as Vice President, Cost Leadership. The FP&A team will now be led by Senior Director, FP&A Kim Craven and report into Vice President, Corporate Controller and Principal Accounting Officer Todd Riksen. 

About SpartanNash
SpartanNash (Nasdaq: SPTN) is a food solutions company that delivers the ingredients for a better life. Committed to fostering a People First culture, the SpartanNash family of Associates is 17,000 strong. SpartanNash operates two complementary business segments – food wholesale and grocery retail. Its global supply chain network serves wholesale customers that include independent and chain grocers, national retail brands, e-commerce platforms, and U.S. military commissaries and exchanges. The Company distributes products for every aisle in the grocery store, from fresh produce to household goods to its OwnBrands, which include the Our Family^® portfolio of products. On the retail side, SpartanNash operates 147 brick-and-mortar grocery stores, primarily under the banners of Family Fare, Martin's Super Markets and D&W Fresh Market, in addition to dozens of pharmacies and fuel centers. Leveraging insights and solutions across its segments, SpartanNash offers a full suite of support services for independent grocers. For more information, visit spartannash.com.

CONTACT:
Adrienne Chance 
SVP, Communications
SpartanNash
press@spartannash.com  

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/spartannash-promotes-paul-weis-to-vice-president-distribution-finance-302255567.html

SOURCE SpartanNash

FAQ

Who was promoted to Vice President, Distribution Finance at SpartanNash (SPTN)?

Paul Weis was promoted from Director, Financial Planning & Analysis to Vice President, Distribution Finance at SpartanNash (SPTN).

What percentage of SpartanNash's (SPTN) net sales comes from its wholesale business?

SpartanNash's (SPTN) wholesale business accounts for approximately 70% of the company's net sales.

How many distribution centers does SpartanNash (SPTN) have?

SpartanNash (SPTN) has 19 distribution centers supporting its wholesale business.

How many retail locations does SpartanNash (SPTN) serve?

SpartanNash (SPTN) serves more than 2,300 retail locations, including 147 SpartanNash-operated stores.