Dive Brief:
- 1939 Group, Inc. announced Wednesday it promoted Todd Schnuck Jr. to CFO.
- Schnuck succeeds David Bell following Bell’s transition to president of the grocery holding company last year.
- Schnuck’s move to CFO marks a key executive change at 1939 Group, Inc., which is controlled by the family that runs Schnucks Markets and was established nine months ago.
Dive Insight:
Schnuck, the great-grandson of the founder of Schnucks and a fourth-generation member of his family’s grocery company, joins 1939’s C-suite “during a period of strategic integration and growth,” according to the press release.
As CFO, he will oversee finance, accounting and process performance and optimization for the holding company and its operating companies, which includes Festival Foods, Hometown Grocers and Schnuck Markets. He will report to Bell.
Schnuck joined his family’s business in 2021 as senior director of strategic planning and business development. He then became a division leader overseeing store operations for 15 stores in metropolitan St. Louis and Central Illinois before stepping into his most recent position of vice president of own brands and merchandising chief of staff.
Before joining Schnuck Markets, he held leadership roles at Afresh and worked for consulting firm McKinsey & Company and private equity investment firm Madison Dearborn Partners, the announcement noted.
“Todd brings a uniquely well-rounded perspective to the CFO position, blending top-tier senior leadership experience across corporate strategy, finance and merchandising, with deep, hands-on knowledge of our daily business operations,” Bell said in a statement.
The 1939 Group consists of 163 supermarket locations across four states.
