Shopko has named retail industry veteran Peter McMahon as its new CEO.
McMahon has more than 30 years of experience in international retail. Most recently McMahon served as the COO at Loblaws. As COO, McMahon was responsible for Loblaws’ supply chain, IT, HR, labor relations, merchandising, store operations and loss prevention functions. Prior to his time at Loblaws, McMahon held senior-level positions at 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. “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. Peter will be an excellent addition to lead the already strong executive team at Shopko. ”
“I am delighted to be joining the talented team at Shopko and consider it a privilege to be given this opportunity to lead their top-notch and experienced senior leadership group, as well as a committed and hard-working supporting team, both at headquarters and in the field,” added McMahon. “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.”
Shopko is owned by an affiliate of Sun Capital Partners, a leading private investment firm focused on leverage buyouts, equity, debt and other investments in market-leading companies.