Supervalu to realign business after retirements

Supervalu said Wednesday it plans to realign its retail business following the departure of president and COO Mike Jackson, who will retire effective Aug. 14.

Also retiring is Kevin Tripp, who serves as executive VP as well as president of the grocer's midwest retail division.

The company expects to combine its three retail regions, add a new health division and make several shifts in executive duties after Jackson and Tripp leave, the Associated Press reported.