Brian Carney, current EVP and CFO of BI-LO, will soon be taking on a bigger role—pending the merger of the South Carolina-based grocery with Winn-Dixie.
Carney will assume the CFO position of the combined companies. Winn-Dixie CFO Bennett Nussbaum is leaving the position to become integration lead following the completion of the merger.
Before joining BI-LO as EVP and CFO in 2005, Carney held the same position with Jo-Ann Stores from 1997-2005. Prior to that, he held financial positions with Revco and with accounting firm Arthur Anderson & Co.
Randall Onstead, the current chairman of BI-LO, will be the CEO of the combined companies after the merger. Both Nussbaum and Carney will report to him, reports say.
As reported yesterday, Feb. 1, Florida-based Winn-Dixie has scheduled a March 9 special shareholders meeting to vote on the planned merger, in which BI-LO has offered $9.50 per share, or about $560 million, to acquire Winn-Dixie.