Interim CEO Becomes Permanent at Save A Lot

On Wednesday, Save a lot declared that Fred Boehler, previously serving as interim CEO, has been appointed as the permanent CEO, taking over from Leon Bergmann, who departed on October 31.

The swift decision to appoint Boehler as the permanent CEO followed Bergmann’s recent exit from the role after a brief year-and-a-half tenure. Assuming the interim position since October 31, Boehler’s appointment was underscored by his extensive background in retail and distribution, notably his previous role as CEO of Americold Logistics, a company he guided through its public offering in 2018.

Boehler, who joined the company’s board in 2021, boasts over thirty years of experience across various retail and wholesale enterprises, spanning both large-scale and smaller companies at different growth stages, the discount chain highlighted in its announcement.

In its latest announcement, Save a lot emphasized Boehler’s extensive board experience coupled with his substantial tenure in retail and wholesale industries as qualifying factors for the role. Mike Motz, the chairman of Save A Lot’s board, commended Boehler’s industry expertise, particularly in wholesale and logistics, citing his ability to drive customer-centric supply chain solutions and exhibit consistent leadership aligned with long-term visions and strategies.

However, Boehler’s new position as CEO doesn’t entail a seat on Save A Lot’s Board of Directors. The company stated its initiation of the process to fill the vacated board position.

Have you read?
The 21st Century’s Biggest Financial Frauds and Controversies.
The World’s Most Valuable Unicorns, 2023.
The World’s Top 10 Highest-Paid Wealth Management Executives.
CEO compensation: Highest paid chief executive officers in the United States in 2022.
Highly-Paid Entertainment Chief Executives (Averaged $31.66 Million), 2022.
Highest paid health insurance CEOs.