United Natural Foods Announces Change at the Top
United Natural Foods, Inc. (NYSE: UNFI) shares kicked off Tuesday, on the appointment of David Best as the President and Chief Executive Officer of Retail, effective Aug. 17. Best will be responsible for accelerating UNFI’s retail business growth strategy while leading the company’s two retail banners, Cub Foods and Shoppers Food Warehouse.
Said CEO Sandy Douglas, “David’s track record of driving retail innovation, his deep industry expertise, and his shopper-centric approach make him an ideal leader to help us write the next chapter of success for our retail business.
“As a Minnesota native, his connection to the local heritage of our Cub brand and his passion for the communities we serve will be invaluable as we partner with our franchisees to drive long-term, shared growth.”
Prior to joining UNFI, Best spent two years at the helm of Coborn’s Inc., based in St. Cloud, Minn., where he implemented a new strategy to accelerate growth, expand into new categories and build the team.
He has also served as Senior Vice President of Omnichannel and Strategic Capabilities for General Mills and spent 19 years with Target, where he held a variety of leadership roles across merchandising, supply chain, and business development.
Best will report to Douglas and serve on UNFI’s senior leadership team.
UNFI shares retreated 13 cents to $26.24.
