McMahon Named New Shopko CEO
GREEN BAY, Wis.-Shopko has named retail industry veteran Peter McMahon CEO. McMahon succeeds W. Paul Jones, who left Shopko in October.
McMahon most recently served as the chief operating officer at Canadian food retailer Loblaws, where he was responsible for supply chain, IT, human resources, labor relations, merchandising, store operations and loss prevention functions. Prior to his time at Loblaws, McMahon held various senior level positions with Walmart in Germany and Japan and Tesco in central Europe.
"We are fortunate to have such a successful and distinguished retail executive like Peter McMahon join the Shopko team," said T. Scott King, senior managing director for Sun Capital Partners, Inc., which owns Shopko. "Peter is highly collaborative and has an outstanding track record of driving results and solving complex business problems. His extensive supply chain experience will be a tremendous asset as Shopko continues to grow its Shopko Hometown store format which serves smaller, rural markets."
McMahon said, "Shopko has established and is executing a winning strategy to provide a broad general merchandise offering with best-in-class quality retail health services to smaller underserved markets. I'm extremely optimistic about the company's future potential and am eager to get to work."