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CEO to Resign at Smith's Food & Drug Centers Inc. of Utah.(Originated from The Salt Lake Tribune)
Knight Ridder/Tribune Business News, January, 1996 by Oberbeck, Steven
Jan. 30--Smith's Food & Drug Centers Inc.'s chief executive officer Jeff Smith plans to step away from day-to-day management of the company and head for the golf course.
The Salt Lake City-based grocery chain, founded by legendary grocer Dee Smith, no longer will have a Smith family member directing daily operations after midyear.
The 46-year-old Smith's exit from the management scene at the regional chain is part of a sweeping company restructuring.
It includes a planned major acquisition in Arizona that positions it as the top supermarket chain in the Phoenix area and a reorganization of the company's board and a new president and chief operating officer.
"Jeff met with employees today and said his new career will be working on his...
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