Dive Brief:
- Regional grocery chain Food City said Thursday that it has promoted Paul Cox to the role of senior vice president and CFO.
- Cox, currently the supermarket company’s vice president of finance, is taking over as finance chief from Eddie Neely, who is retiring after serving as CFO since early 2021.
- The grocer named Sara Baldwin, its director of finance and planning, to succeed Cox as vice president of finance.
Dive Insight:
Cox is moving up to the CFO role after serving in several financial positions with Food City, including senior accountant, internal audit manager, assistant controller and assistant vice president of finance. He joined the chain’s parent company, K-VA-T Food Stores, in 1983, according to his LinkedIn profile.
As CFO of Food City, Cox will direct all finance, accounting and information technology services-related functions for the company. He will also become a member of the company’s board of directors.
Cox’s “rich history with Food City uniquely qualifies him to build upon Eddie’s success and help our company continue to grow and prosper well into the future,” Steven C. Smith, Food City’s president and CEO, said in a statement.
In her new position, Baldwin will be responsible for finance, treasury and payroll operations for Food City. She formerly held positions including finance senior manager, financial planning and analysis supervisor, and financial analyst for the company, according to her LinkedIn profile.
K-VA-T Food Stores runs about 135 Food City stores in Kentucky, Virginia, Tennessee, Georgia and Alabama. The company also operates locations under the Super Dollar Food Center and Curt’s Ace Hardware banners in addition to four wine and spirits stores.
Last fall, Food City agreed to acquire three Winn-Dixie stores in Alabama.
