In addition, key merchandising expansions include: Paul Hamilton has been promoted to produce buyer. In his new role, Hamilton will work closely with the produce/floral teams to develop new programs and in-store experiences that will continue to evolve the produce and floral departments. Michele Edwards has been promoted to floral buyer. The 31-year Kings veteran will now lead the buying efforts for the floral teams and continue to ensure the product mix and assortment meet consumer’s needs.
“Talented leadership is paramount to any company’s success,” said Judy Spires, chairman and CEO of Kings Food Markets. “By promoting these key leaders within our company, and bringing in new, top-tier talent, Kings is further positioned for growth and inspiration, as we continue to push the boundaries within the food industry.”
In August 2016, after 10 years of control, private equity firm Angelo, Gordon & Co. sold the 35 store group to KB Holding, Inc., which is connected to GSSG Capital, one of the largest privately-held businesses in the Middle East nation of Qatar.
At the time, it was hoped that the new ownership group would provide greater capital investment to add more stores and continue the company’s remodeling program. Since then, one new Balducci’s has opened at the site of the former D’Agostino’s unit in Rye Brook, NY. That unit is 11,000 square feet in size and opened in late January.
Six weeks ago, King’s/Balducci’s president and COO Rich Durante, who had been with the organization for 29 years, resigned, and no replacement was immediately named. Also leaving the company recently was former CFO Monica Bonamego, who had been with Kings/Balducci’s since 2004.