Meijer Co-CEO to Step Down by Year's End
GRAND RAPIDS, Mich. -- Paul Boyer, co-c.e.o. of Meijer Inc. based here, will step down from his position at the family-owned regional supercenter chain at year's end.
The 60-year-old Boyer, who has shared the chief executive post with Hank Meijer since 2005, has been with the company for 36 years. He was quoted in a local report as saying that while he "will no longer be a full-time employee of Meijer," he will remain on the chain's executive board as vice chairman.
Having joined Meijer in 1970, Boyer assumed positions of increasing responsibility through the years, including heading up Meijer's now defunct membership warehouse, SourceClub, in the 1990s. In 2001, when he was the chain's e.v.p., Boyer announced plans to retire from the family-run business the following year. However, he was persuaded to stay on as president and c.o.o., when Fred Meijer decided to step aside and turn the company over to a new executive team.
Boyer assumed the post, while Hank Meijer became c.e.o. and co-chairman with his brother, Doug. In 2005, Boyer was promoted to co-chief executive.
Company officials said Boyer has been instrumental in the company's latest executive transition involving its new president, Mark Murray, who took the helm the first week of August. The former president of Grand Valley State University had served on Meijer's executive board since 2004.
Meijer's leadership transition is expected to be complete by Jan. 1.
Meijer, which operates 176 supercenters featuring over 40 departments throughout Illinois, Indiana, Kentucky, Michigan, and Ohio, will be nationally recognized in Progressive Grocer's December 2006 issue as Retailer of the Year.
The 60-year-old Boyer, who has shared the chief executive post with Hank Meijer since 2005, has been with the company for 36 years. He was quoted in a local report as saying that while he "will no longer be a full-time employee of Meijer," he will remain on the chain's executive board as vice chairman.
Having joined Meijer in 1970, Boyer assumed positions of increasing responsibility through the years, including heading up Meijer's now defunct membership warehouse, SourceClub, in the 1990s. In 2001, when he was the chain's e.v.p., Boyer announced plans to retire from the family-run business the following year. However, he was persuaded to stay on as president and c.o.o., when Fred Meijer decided to step aside and turn the company over to a new executive team.
Boyer assumed the post, while Hank Meijer became c.e.o. and co-chairman with his brother, Doug. In 2005, Boyer was promoted to co-chief executive.
Company officials said Boyer has been instrumental in the company's latest executive transition involving its new president, Mark Murray, who took the helm the first week of August. The former president of Grand Valley State University had served on Meijer's executive board since 2004.
Meijer's leadership transition is expected to be complete by Jan. 1.
Meijer, which operates 176 supercenters featuring over 40 departments throughout Illinois, Indiana, Kentucky, Michigan, and Ohio, will be nationally recognized in Progressive Grocer's December 2006 issue as Retailer of the Year.