Scott Grimmett Becomes Golub Corp. CEO
Scott Grimmett has been named CEO and president of the Schenectady, N.Y.-based Golub Corp., parent company of Price Chopper, Market Bistro and Market 32 grocery stores. Grimmett, who joined the company in January 2012 as EVP and COO, spearheaded the company's rollout of its fresh-focused, upscale Market 32 concept.
“This is an exciting time for our company,” said Chairman Neil Golub. “While international conglomerates and Wall St. continue to consolidate our industry, we are investing in our future as a strong, American-owned, family-built regional chain. The design work that we invested in Market Bistro (circa 2010-14), coupled with the brand-defining innovation that has given rise to our first few Market 32 concept stores, has not only laid the groundwork for our continued growth, but also fueled the acceleration of our plans to modernize our stores under the Market 32 banner.”
“Scott possesses unique skills and perspectives that have helped us significantly elevate how we approach our business,” added former CEO Jerry Golub, who has been appointed vice chairman of the board and will head a new board finance committee focused on ramping up the conversion of Price Chopper stores to the Market 32 banner. “I am confident that in this new role he will continue to lead us to new heights.”
Before joining the Golub Corp., Grimmett worked for 37 years at Pleasanton, Calif.-based Safeway. Starting as a bagger, he rose through the ranks to become a store manager, district manager and VP of retail operations. He was also president of several company divisions, the last of which was Safeway’s successful Denver division, which consisted of 141 stores across a five-state operating area.
In his new role, Grimmett will oversee the day-to-day operations of Price Chopper Supermarkets/Market 32, and also guide the strategic direction of the company, reporting to the board of directors through Neil Golub, who remains chairman of the board.
The Golub Corp. owns and operates 136 Price Chopper and Market 32 grocery stores in New York, Vermont, Connecticut, Pennsylvania, Massachusetts and New Hampshire. Golub’s 22,000 associates collectively own more than 47 percent of the company’s privately held stock, making it one of the nation’s largest privately held corporations that is predominantly employee-owned.