MONTVALE, N.J. — Bankrupt grocer A&P has announced the election of Greg Rayburn to its board of directors, replacing Dr. Jens-Jürgen Böckel, who has resigned from the board.
"We are pleased to welcome Greg to A&P's board. His experience in leading companies through critical transitions will be invaluable to the board. I am looking forward to working with Greg as we continue to execute on A&P's comprehensive turnaround under Sam Martin's leadership," stated A&P chairman Christian Haub. Haub continued, "I also want to thank Jens for his contributions to the board over nearly seven years. We wish him well in his future endeavors."
Rayburn has more than 28 years of experience leading companies and maximizing enterprise value through strategic and competitive challenges in a wide range of industries, including retail, freight, manufacturing, telecommunications, gaming, hospitality, home building and health care.
Most recently, Rayburn served as the CEO of the New York City Off Track Betting Corp., where, at the request of the Governor of New York, he developed a reorganization plan and led negotiations with state racetracks and unions. He has also served as CEO of Magna Entertainment Corp., Syntax-Brillian Corp., International Outsourcing Services, Muzak Holdings LLC and Sunterra Corp. Earlier in his career, he was chief restructuring officer of WorldCom — then the largest U.S. bankruptcy filing to-date.