Village Super Market Announces Forthcoming Change in Chief Executive Officer and Chairman of the Board of Directors

Leadership Changes - Robert Sumas will step down as CEO and interim Chairman effective December 13, 2024, but will remain as a Senior Advisor and Board member [1][2] - John J. Sumas is set to be appointed as the new CEO, while Nicholas Sumas will take on the roles of President and Chairman of the Board, both effective December 13, 2024 [2] Background of New Leadership - John J. Sumas has been a Director since 2009 and Co-President since 2018, with a career at the company starting in 1987, holding various supervisory roles including Chief Operating Officer [3] - Nicholas Sumas has also been a Director since 2009 and Co-President since 2018, with his tenure at the company beginning in 1994, and has held positions such as Chief Marketing Officer [4] Board Composition - Following the passing of Board member William Sumas on July 11, 2024, the Board of Directors will not fill the vacancy, reducing its size from ten to nine members [5] Company Overview - Village Super Market operates 34 supermarkets under the ShopRite and Fairway brands across New Jersey, Maryland, New York, and eastern Pennsylvania, as well as three specialty markets under the Gourmet Garage name in New York City [6]