GREEN BAY, Wis., Nov. 25, 2013 /PRNewswire/ -- Shopko announced today that retail industry veteran Peter McMahon has been selected as its new Chief Executive Officer.
McMahon joins Shopko with a distinguished international retail career that spans more than 30 years. Most recently McMahon served as the Chief Operating Officer at Loblaws, Canada's largest food retailer with over $30 billion in sales. As COO, Peter was responsible for Loblaws' Supply Chain, IT, HR, Labor Relations, Merchandising, Store Operations and Loss Prevention functions. Prior to his time at Loblaws, McMahon held various senior level positions with some of the world's largest retailers, including Wal-Mart in Germany and Japan and Tesco in central Europe.
"We are fortunate to have such a successful and distinguished retail executive like Peter McMahon join the Shopko team," said T. Scott King, Senior Managing Director for Sun Capital Partners, Inc. "Peter is highly collaborative and has an outstanding track record of driving results and solving complex business problems. His extensive Supply Chain experience will be a tremendous asset as Shopko continues to grow its Shopko Hometown store format which serves smaller, rural markets. Peter will be an excellent addition to lead the already strong executive team at Shopko."
McMahon commented, "I am delighted to be joining the talented team at Shopko and consider it a privilege to be given this opportunity to lead their top-notch and experienced senior leadership group, as well as a committed and hard-working supporting team, both at headquarters and in the field. Shopko has established and is executing a winning strategy to provide a broad general merchandise offering with best-in-class quality retail health services to smaller underserved markets. I'm extremely optimistic about the company's future potential and am eager to get to work."
Shopko is owned by an affiliate of Sun Capital Partners, Inc., a leading private investment firm focused on leverage buyouts, equity, debt, and other investments in market-leading companies.
Founded in 1962 and headquartered in Green Bay, Wisconsin, Shopko Stores Operating Co., LLC is a $3 billion retailer that operates almost 350 stores in 22 states throughout the Midwest, Mountain, North Central and Pacific Northwest regions. Retail formats include 134 Shopko stores, providing quality name-brand merchandise, great values, pharmacy and optical services in small to mid-sized cities; 5 Shopko Express Rx stores, a convenient neighborhood drugstore concept; 16 Shopko Pharmacy locations; and 180 Shopko Hometown stores, a smaller concept store developed to meet the needs of smaller communities. For more information, visit www.shopko.com.
About Sun Capital Partners
Sun Capital Partners, Inc. is a pioneer in private investing, uniquely combining the financial skills and other resources of a traditional private equity firm with the insight and expertise of a world class operating team. The firm focuses on market-leading companies that can benefit from its in-house operating professionals, resources and expertise in their efforts to materially improve operating performance. Sun Capital affiliates have invested in more than 330 companies worldwide with combined sales in excess of $45 billion since its inception in 1995. Sun Capital has offices in Boca Raton, Los Angeles and New York, and affiliates in London, Frankfurt, Paris, Luxembourg, Shanghai and Shenzhen. For more information, visit www.SunCapPart.com.