Last updated on June 14th, 2024 at 09:44 am
Aldi on Tuesday said that Brent Laubaugh, VP of its Saxonburg division, has been promoted to co-president of Aldi in the U.S., joining David Behm and Chuck Youngstrom, who continue in their roles as co-presidents. All three co-presidents report to CEO Jason Hart.
Laubaugh, whose promotion becomes effective March 28, has been with Aldi for more than 20 years, holding a variety of roles of increasing responsibility throughout his career.
“Aldi has a different style when it comes to grocery shopping, and that differentiation has helped make us one of the fastest growing retailers in the U.S.,” said Hart. “To support our significant expansion, it was important that we strengthen our leadership team to ensure our success. With the addition of Brent to our team, we have the right leaders in place to continue growing the Aldi business.”
Aldi is in the midst of an accelerated expansion plan that, according to the company, “will bring fresh, high-quality groceries at everyday low prices to more than 45 million customers each month” by the end of 2018. To reach its goals, Aldi says it will create more than 10,000 new jobs at its stores, warehouses and division offices from coast to coast and invest more than $3 billion to pay for land, facilities and equipment. When completed, Aldi will have nearly 2,000 stores, marking a nearly 50 percent increase in five years.
The retailer plans to open its first California stores, in the southern portion of the state, on March 24.
