IBJNews

Marsh CEO Lazaran leaving company; successor picked

Back to TopCommentsE-mailPrintBookmark and Share

Frank Lazaran, chairman, president and CEO of Marsh Supermarkets Inc., is leaving the company, the Indianapolis-based grocery chain announced Tuesday.

Sun Capital Partners, the Boca Raton, Fla.-based owner of Marsh, installed Lazaran as CEO in October 2006 after it acquired the then-publicly-owned chain for about $325 million and took it private.

Sun Capital said it has already conducted an executive search and hired a successor for Lazaran, but will not announce the new CEO until early May.

Supermarket News, citing unnamed industry sources, reported late Tuesday that former Price Chopper executive vice president Joseph Kelley would replace Lazaran. Price Chopper is a Schenectady, N.Y.-based grocery chain with about 125 locations in six states, mostly in New York.

Lazaran, 54, a 30-year grocery industry veteran, was CEO of Florida-based Winn-Dixie Stores Inc. before taking over at Marsh. His resignation will be effective at the end of April.

In a prepared statement, Marsh said Lazaran informed employees of his decision earlier Tuesday.

“Frank told employees that since the passing of his father this past summer he has realized a need to return to southern California in order to spend more time tending to family matters,” the statement said.

Marsh operates more than 100 stores in Indiana and Ohio, with about half in the Indianapolis area.

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. I never thought I'd see the day when a Republican Mayor would lead the charge in attempting to raise every tax we have to pay. Now it's income taxes and property taxes that Ballard wants to increase. And to pay for a pre-K program? Many studies have shown that pre-K offer no long-term educational benefits whatsoever. And Ballard is pitching it as a way of fighting crime? Who is he kidding? It's about government provided day care. It's a shame that we elected a Republican who has turned out to be a huge big spending, big taxing, big borrowing liberal Democrat.

  2. Why do we blame the unions? They did not create the 11 different school districts that are the root of the problem.

  3. I was just watching an AOW race from cleveland in 1997...in addition to the 65K for the race, there were more people in boats watching that race from the lake than were IndyCar fans watching the 2014 IndyCar season finale in the Fontana grandstands. Just sayin...That's some resurgence modern IndyCar has going. Almost profitable, nobody in the grandstands and TV ratings dropping 61% at some tracks in the series. Business model..."CRAZY" as said by a NASCAR track general manager. Yup, this thing is purring like a cat! Sponsors...send them your cash, pronto!!! LOL, not a chance.

  4. I'm sure Indiana is paradise for the wealthy and affluent, but what about the rest of us? Over the last 40 years, conservatives and the business elite have run this country (and state)into the ground. The pendulum will swing back as more moderate voters get tired of Reaganomics and regressive social policies. Add to that the wave of minority voters coming up in the next 10 to 15 years and things will get better. unfortunately we have to suffer through 10 more years of gerrymandered districts and dispropionate representation.

  5. Funny thing....rich people telling poor people how bad the other rich people are wanting to cut benefits/school etc and that they should vote for those rich people that just did it. Just saying..............

ADVERTISEMENT