Village Super Market CEO Robert Sumas has notified the board of directors of his decision to step down as CEO and interim chairman of the board effective Dec. 13.
The board plans to appoint John J. Sumas as new CEO and Nicholas Sumas as president and chairman of the board of directors, effective Dec. 13.
Robert Sumas will remain employed by Village Super Market as a senior advisor to the executive team to ensure a smooth transition. He also plans to continue to serve on the board of directors.
He was appointed CEO and vice chairman of the board of directors in 2017 and served as president from 2009-2018. He has served variously as EVP, chief operating officer, secretary and a director of the company since 1969.
John J. Sumas has served as a director since 2009 and has been a co-president since 2018. He has held a range of supervisory positions since his employment in 1987, including chief operating officer, general counsel and VP.
Nicholas Sumas has served as a director since 2009 and has been a co-president since 2018. He has held a number of supervisory positions since his employment in 1994, including chief marketing officer and VP. He also is an executive officer of Wakefern and a member of its board of directors.
In addition, the company has announced, by resolution of the board of directors, it will not fill the vacancy resulting from the death of William Sumas on July 11, 2024, reducing the number of members on the board from 10 to nine, effective immediately.
About Village Super Market
Village Super Market operates a chain of 34 supermarkets under the ShopRite and Fairway names in New Jersey, Maryland, New York and eastern Pennsylvania and three specialty markets under the Gourmet Garage name in New York City.
Add Comment