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Logistics leader names new finance exec
Third party logistics provider Transplace named veteran finance executive Tony Cossentino as its new CFO reporting to CEO Tom Sanderson.
Cossentino replaces Steve Crowther, who joined Transplace in 2007 and helped guide the company through management-led private equity deals with CI Capital Partners and Greenbriar Equity Group, as well as strategic acquisitions of SCO Logistics, Torus Freight Systems and partnership with Celtic International.
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Safeway sells 11 Dominick's stores to Roundy's
Safeway has reached a definitive agreement to sell 11 of its Dominick's stores in the Chicago metropolitan area in a cash and lease assumption transaction to Roundy's. Roundy's will take possession of the stores during a transition period that will take place in the next two months.
The transaction is subject to customary closing conditions.