SKOKIE, Ill.– The Board of Directors of Topco Associates LLC announced today that it unanimously approved the appointment of Randall J. “Randy” Skoda as the company’s President and CEO. Skoda, 49, has served as Interim President and CEO since December of last year.
“Speaking on behalf of the board, we are excited about the leadership and experience Randy brings to his new role,” said Steve Smith, Topco’s Chairman and K-VA-T Food Stores, Inc. President and CEO. “Given the economic realities facing consumers and the grocery industry, the strategic importance of Topco to its food-industry member-owners has never been greater. Randy’s extensive knowledge of Topco and the grocery industry will help drive more value for each of Topco’s 51 members as well as take this great organization to the next level.”
Skoda has been a key member of Topco’s management team for more than 10 years, holding a number of roles with increasing responsibility. Prior to being named the Interim President and CEO in December, Skoda served as Executive Vice President for more than four years. In that role, he oversaw Topco’s program management, product and brand development, innovation and not-for-resale groups. Skoda has also served as a member on the NuVal LLC Board of Directors since the company’s inception in 2008.
About Topco Associates LLC
Topco Associates LLC is an $11.6 billion, privately held company that provides aggregation, innovation and knowledge management solutions for leading food industry member-owners and customers. Topco leverages the collective volume, knowledge and commitment of these companies to create a competitive advantage in the marketplace by reducing costs and offering winning business-building capabilities. NuVal LLC is a joint venture formed in 2008 by Topco Associates and Griffin Hospital in Derby, Conn. NuVal licenses its proprietary food scoring system, which is based on ONQITM (Overall Nutrition Quality Index) science, to food retailers across the country.
Source: Topco Associates LLC
