Supervalu CFO Bruce Besanko Resigns

Supervalu Inc. said Monday its chief financial officer and chief operating officer, Bruce Besanko, will resign, effective July 5. The grocery store chain named Chief Strategy Officer Rob Woseth as interim CFO, and Controller David Johnson will assume the additional role of interim chief accounting officer, while it searches for a permanent CFO. The stock, which was still inactive in premarket trade, has plunged 37% year to date, while the SPDR S&P Retail ETF has lost 10% and the S&P 500 has gained 8.9%.