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Winn-Dixie CFO Nussbaum to switch roles after Bi-Lo merger |
02.03.2012
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Winn-Dixie Stores Inc. has disclosed its chief financial officer, Bennett L. Nussbaum, will step down from the role following the company's merger with grocery-store operator BI-LO LLC, but will remain with the company as its integration lead.
In his new role, Nussbaum will report directly to the combined company's CEO and President Randall Onstead; BI-LO's current executive vice president and CFO Brian Carney will take on the CFO role at the combined company.
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Last month, BI-LO LLC agreed to take Winn-Dixie private in a deal that values the grocery chain at about $560 million.
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