Roundy’s CFO Karst Leaving To Join Rite Aid

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Roundy’s EVP and CFO Darren Karst is leaving the company to join Rite Aid Corp., one of the nation’s largest drugstore chains, as its EVP and CFO. Karst will remain with Roundy’s through Aug. 9.

Michael Turzenski, currently Roundy’s GVP-CAO, has been appointed GVP-CFO by the Roundy’s board of directors.

Karst has served as the company’s EVP and CFO since June 2002. Turzenski has served as GVP-CAO since February 2012. Turzenski joined Roundy’s in 2007 as VP-controller.

“Darren has been a great partner and leader during his tenure here at Roundy’s. He has been a significant contributor to our growth and he leaves us with a talented management team that he developed. I will miss Darren and I wish him well in his future personal and professional endeavors,” said Robert A. Mariano, chairman, president and CEO of Roundy’s. “We are excited to have Mike Turzenski accept the CFO role. Mike has been an important part of our management team and has played a very active role in executing our business objectives. We envision a seamless transition from Darren to Mike.”

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