Darren Karst is leaving his post as executive vice president and chief financial officer at Milwaukee-based Roundy's Inc. to take on that same title at drugstore chain Rite Aid Corp.
Karst will remain with Roundy’s through Aug. 9. Michael Turzenski, currently Roundy’s group VP and chief accounting officer, has been appointed CFO by the Roundy’s board of directors.
Karst has been CFO at Roundy's since June 2002. Turzenski, who joined the grocer in 2007 as VP and controller, has served as chief accounting officer since February 2012.
“Darren has been a great partner and leader during his tenure here at Roundy’s. He has been a significant contributor to our growth and he leaves us with a talented management team that he developed,” said Robert Mariano, chairman and president/CEO of Roundy’s. “We are excited to have Mike Turzenski accept the CFO role. Mike has been an important part of our management team and has played a very active role in executing our business objectives. We envision a seamless transition from Darren to Mike.”
Founded in Milwaukee in 1872, Roundy’s operates 148 retail grocery stores and 97 pharmacies under the Pick ’n Save, Copps, Metro Market and Mariano’s retail banners in Wisconsin and Illinois.