JACKSONVILLE, Fla. — The chief executive officer of Winn-Dixie is stepping down as the Florida-based supermarket chain merges with Bi-Lo LLC.
CEO Peter Lynch told employees in a letter Friday that he’ll stay on for another 60 to 120 days. South Carolina-based Bi-Lo purchased Winn-Dixie for about $560 million in December.
The combined company will have about 690 stores and 63,000 workers in eight southern states. Jacksonville-based Winn-Dixie Stores Inc. will become a privately held Bi-Lo subsidiary.
To read the rest of the story, please go to: Associated Press