Winn-Dixie CEO to step down

Jacksonville, Fla. -- Winn-Dixie said Friday that its CEO Peter Lynch will step down, as the supermarket chain merges with Bi-Lo LLC. Current Bi-Lo chairman Randall Onstead will replace Lynch as CEO.



Lynch said in a letter to employees that he will remain for another 60 to 120 days to assist in the transition.



Bi-Lo purchased Winn-Dixie for $560 million in December.