-
New CFO to lead new era at A&P
MONTVALE, N.J. — A&P has emerged from Chapter 11, and tasked with ensuring the company stays on sure financial footing is Raymond Silcock, who has been promoted to the role of CFO reporting to president and CEO Sam Martin. Silcock succeeds Frederic Brace, who is resigning from his roles as chief restructuring, financial and administrative officer in conjunction with A&P’s emergence from Chapter 11. Brace will continue to serve the company in an advisory capacity.
-
A&P emerges from bankruptcy
Montvale, N.J. -- Grocer The Great Atlantic & Pacific Tea Co. Inc. said Tuesday it has emerged from Chapter 11 bankruptcy protection as a private company.
The company filed for bankruptcy protection in late 2010 but has re-emerged with operational financing, completed store renovations and new supplier and employee union agreements, as well as new management team, in place.