David Marsh to buy Jodi $435,000 home:

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Former Marsh Supermarkets President David Marsh will buy ex-company spokeswoman Jodi Marsh a $435,000 north-side home as part of the couple’s divorce settlement, court records show.

David Marsh had been with the grocery chain 25 years when the board dismissed him Feb. 8. He is the son of CEO Don Marsh.

Jodi Marsh resigned as vice president of community relations for the grocery chain Jan. 27, nearly two months after she filed for divorce from David. She has since joined Indianapolis public relations firm Sease Gerig & Associates as vice president.

Hamilton County court records show the divorce is nearing completion. Other terms have not yet been filed with the court.

The case appears to have unfolded relatively amicably. However, in a Jan. 5 court filing, James Reed, David Marsh’s attorney, wrote: “[Jodi Marsh] has a substantial income of her own and … has not claimed in any pleading to this court-nor can she-that she is without adequate means to support herself quite nicely.”

In her last year with the grocer, Jodi Marsh earned $163,077, a filing with the Securities and Exchange Commission shows. David Marsh earned nearly $480,000 in salary and bonus in fiscal 2005. His severance package is valued at more than $2 million.

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