Winn-Dixie CEO Peter Lynch stepping down as supermarket chain merges with Bi-Lo, will be replaced by Bi-Lo Chairman Randall Onstead

Cindy Allen

Cindy Allen

JACKSONVILLE, Florida , January 16, 2012 () – The chief executive officer of Winn-Dixie is stepping down as the Florida-based supermarket chain merges with Bi-Lo LLC.

CEO Peter Lynch told employees in a letter Friday that he'll stay on for another 60 to 120 days. South Carolina-based Bi-Lo purchased Winn-Dixie for about $560 million in December.

The combined company will have about 690 stores and 63,000 workers in eight southern states. Jacksonville-based Winn-Dixie Stores Inc. will become a privately held Bi-Lo subsidiary.

Replacing Lynch as Winn-Dixie's chief will be Randall Onstead, currently Bi-Lo's chairman.

Lynch has been Winn-Dixie CEO since 2005. In his letter Lynch says he helped the chain return to profitability after it emerged from Chapter 11 bankruptcy protection in 2006.

That included remodeling more than half of Winn-Dixie's stores and new marketing campaigns.

AS-image © 2024 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Share:

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.