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Marsh Supermarkets names new CEO from ranks of A&P

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The parent company of Marsh Supermarkets has picked a new CEO to lead the locally based grocery chain.

Thomas R. O'Boyle Jr., an executive vice president for the New Jersey-based supermarket chain A&P, will serve as chairman and CEO of Marsh, the company said in a statement Thursday.

Marsh Thomas O'Boyle mugO'Boyle

O'Boyle Jr. joined A&P in 2010, shortly before the century-old retailer filed for bankruptcy reorganization. The chain emerged from bankruptcy as a private company in March.

O'Boyle Jr. led A&P's merchandising, marketing and supply chain. Previously, he served as senior vice president of food, drug and pharmacy for Sears Holdings and as a senior vice president for the grocery chain Albertsons.

"I am honored by this opportunity to lead Marsh, a company that is clearly on the right path toward providing customers with the best grocery shopping experience possible," he said in a statement.

Marsh Chief Operating Officer Bill Holsworth had been serving as interim CEO since former CEO Joe Kelley abruptly resigned in May.

Kelley, a veteran of New York-based Price Chopper Supermarkets who took the helm at Marsh in May 2011, left to become president of the New England division of Stop & Shop, a 375-store grocery chain owned by Dutch food giant Ahold.

The departure left the Fishers-based chain, a subsidiary of the Florida-based private equity firm Sun Capital Partners, to a search for its third chief executive in a little more than a year. Kelley replaced Frank Lazaran, who left Marsh in April 2011 after a five-year stint as CEO.

Marsh operates 64 Marsh stores, 3 O'Malia's Supermarkets and 26 MainStreet Markets in Indiana and Ohio.

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  1. Apologies for the wall of text. I promise I had this nicely formatted in paragraphs in Notepad before pasting here.

  2. I believe that is incorrect Sir, the people's tax-dollars are NOT paying for the companies investment. Without the tax-break the company would be paying an ADDITIONAL $11.1 million in taxes ON TOP of their $22.5 Million investment (Building + IT), for a total of $33.6M or a 50% tax rate. Also, the article does not specify what the total taxes were BEFORE the break. Usually such a corporate tax-break is a 'discount' not a 100% wavier of tax obligations. For sake of example lets say the original taxes added up to $30M over 10 years. $12.5M, New Building $10.0M, IT infrastructure $30.0M, Total Taxes (Example Number) == $52.5M ININ's Cost - $1.8M /10 years, Tax Break (Building) - $0.75M /10 years, Tax Break (IT Infrastructure) - $8.6M /2 years, Tax Breaks (against Hiring Commitment: 430 new jobs /2 years) == 11.5M Possible tax breaks. ININ TOTAL COST: $41M Even if you assume a 100% break, change the '30.0M' to '11.5M' and you can see the Company will be paying a minimum of $22.5, out-of-pocket for their capital-investment - NOT the tax-payers. Also note, much of this money is being spent locally in Indiana and it is creating 430 jobs in your city. I admit I'm a little unclear which tax-breaks are allocated to exactly which expenses. Clearly this is all oversimplified but I think we have both made our points! :) Sorry for the long post.

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