Daniel Katz, 56, chairman and CEO of the Iselin, N.J.-based cooperative Allegiance Retail Services, LLC has died following a battle with cancer. Katz, who held the dual roles since 2019, was a longtime grocer and co-owner of Allegiance member PSK Operating, LLC. He, his brother, Noah, and father built a 13-store grocery operation in the New York area under the Foodtown, Freshtown and Pathmark banners and he led the company’s transition in 2021 to an employee-owned organization.
“This is a profound loss," said John T. Derderian, president and COO of Allegiance Retail Services. "The strength of Dan’s leadership, wisdom and insight can be seen in the confidence with which our co-op members operate. Dan believed in family – his own, his PSK family and that of our cooperative members. He continually looked for ways to strengthen bonds and to serve the best interests of the co-op.”
Katz’s obituary read: “He cared deeply about the well-being of everyone at the PSK company. He formulated bonus programs for the associates, safety protocols during the pandemic that led to procedures that were used across the country, payments for people’s health care. He also crafted retirement plans for associates, personal loan programs, health care programs to better people, and so much more. Daniel was passionate about negotiating deals, striving to make every business deal a win-win for both parties.”
Katz is survived by his wife, Laura, four children, parents and brother, among other family members. The family is planning to create a foundation in his honor and, in the meantime, is accepting contributions in his memory at on the Allegiance Retail Services website.
Following a special board meeting, Allegiance announced that Katz will be succeeded by Lou Scaduto, Jr., the president of Food Circus Supermarkets. Scaduto shared his grief at Katz’s passing and lauded his accomplishments. “Dan’s contribution to Allegiance as both an operating member and CEO and chairman, can be characterized in one word – outstanding,” he remarked. “His commitment to, and vision for the cooperative was inspiring.”