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Bi-Lo/Bruno's Names Finance/Treasury S.V.P.

MAULDIN, S.C. -- Bi-Lo/Bruno's here has appointed Ken Jones, a former Denny's executive, as s.v.p. of finance and treasury.

Prior to joining Bi-Lo, Jones served as v.p. and treasurer for Denny's Corp., where he directed the restaurant group's centralized treasury organization, as well as corporate financial planning and investor relations.

"With over 19 years of corporate finance and retail experience, Ken brings a wealth of knowledge to this position, which promises to be a tremendous benefit for us," said Steve Ortega, Bi-Lo/Bruno's e.v.p. finance/store development and c.f.o., in a statement.

Bi-Lo announced earlier this month that Southern Family Markets Acquisition, LLC, an affiliate of C&S, will purchase 104 of the current total of 426 Bi-Lo and Bruno's stores. These stores will be divested in a series of transactions to be executed over the course of the next 11 months. In addition to the 104 stores that are part of the Southern Family Markets agreement, Bi-Lo will seek to market and sell an additional nine stores on its own and will close three stores.

Bi-Lo and Bruno's operate supermarkets in the Carolinas, Georgia, Tennessee, Mississippi, Alabama, and Florida.
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