The former CEO of America's largest grocery store, David Smith, guaranteed the company would succeed even as he retired.
Smith retired as the CEO of Associated Wholesale Grocers Inc. (AWG) in December 2023 after 20 years of service.
Former CEO of Associated Wholesale Grocers Inc. Drives Growth, and Success
AWG is the largest supplier to independent grocery stores in the U.S. Smith took the reins in 2015. Still, his journey with the company began in 2003. Smith was pivotal in guiding strategic decisions that fueled the company's consistent growth during his tenure.
When AWG started, it served just 1,200 stores across three divisions in the Midwest. However, the company expanded its reach to divisions throughout the country under Smith's leadership. Today, AWG boasts retail sales totaling $24 billion and wholesale sales surpassing $12 million.
AWG operates over 4,000 locations spanning 36 states, with eight full-line wholesale divisions. This impressive expansion underscores the grocer's commitment to serving a diverse range of communities nationwide.
AWG attributes its remarkable success to the dedication and expertise of its team. The company's website proudly describes its workforce as "Experienced. Dedicated. Results Driven," emphasizing the commitment to helping member retailers thrive in their daily operations.
Reflecting on his journey, David Smith expressed pride in what AWG has achieved together. As he passes the torch to a highly qualified successor, he states, "It has been an incredible journey leading AWG, and I am proud of what we have accomplished together."
Smith's legacy at AWG is marked by growth, expansion, and a dedication to serving communities across the United States.
Also Read: Rite Aid Receives Green Light from Bankruptcy Court for Elixir Solutions Sale
David Smith's Confidence in His Successor
In a significant announcement, Associated Wholesale Grocers Inc.'s former CEO introduced his successor, Dan Funk. Smith expressed his unwavering confidence in Funk's ability to lead the company into a promising future.
"Dan Funk is the right choice," says Smith.
David Smith enthusiastically endorsed Dan Funk as the ideal candidate to assume the CEO role. Smith's assurance in Funk's leadership skills reflects his confidence in the bright days that lie ahead for the company.
He said, "I am confident in the bright future ahead for the company under Dan Funk's capable leadership."
Funk began his journey with AWG when he took on the role of president at AWG subsidiary Valu Merchandisers Co. (VMC) in October 2012. Over the next two years, he worked diligently at VMC and took on more significant responsibilities.
These included overseeing center store operations, merchandising and marketing, and supply chain management. His most recent position was Chief Operating Officer (COO), overseeing the cooperative's day-to-day operations.
Before joining AWG, Funk had various roles in the food retail and wholesale sector, working for independent and chain grocers.
Funk expressed his honor at leading AWG into the future and his commitment to building upon the solid foundation laid by David Smith. He plans to work closely with the talented leadership team, membership, and board of directors to foster innovation and continued growth within the organization.
AWG's board chairman, Barry Queen, thanked David Smith for his exceptional leadership. Smith's guidance had been instrumental in AWG's success, and his retirement was well-deserved.
The board is confident that Dan Funk is the right person to carry forward AWG's legacy of success, and they eagerly anticipate collaborating with him in his new role.
Related Article: Black-Owned Firm, D.A. Everett, Takes Charge of $215 Million Spectrum Center Upgrade
