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Supervalu realigns management in turnaround bid

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MINNEAPOLIS (AP) — Grocery store chain Supervalu is restructuring its management ranks under its new CEO as it engineers a turnaround in the face of tough competition and a sputtering economy.

The operator of Albertson's, Jewel-Osco and other grocery chains said Kevin Holt, 53, was named president of Supervalu retail, working on strategy for the company's traditional retail and pharmacy divisions. He joined the company in May as executive vice president of retail operations.

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