BNET Industries

Market Cap:$290.2M
Last Fiscal Year Sales:$2.4B
  • Public
  • US
Dow Jones Description

Grocery Supplier & Retailer

President and Chief Executive OfficerDennis Eidson
Number of Employees 4,300
Contact Information

850 76th St SW

Grand Rapids, Michigan 49518

www.spartanstor...

(616) 878-2000

NAICS Code General Line Grocery Merchant Wholesalers: 424410

Recent Events

  • Jefferies & Co Upgrades Spartan Stores SPTN to Buy

    6/09/09 - Bond / Stock Rating - View Story

  • Spartan Stores declares dividend

    5/22/09 - Stock Split / Dividend - View Story

  • Spartan Stores Releases 4Q and Fiscal 2009 Financial Results

    5/17/09 - Financial Announcement - View Story

  • Spartan Stores expands deployment of MicroStrategy's BI software

    5/15/09 - Licensing / Contract - View Story

  • Spartan Stores signs purchasing agreement with Pharmacy Services Inc.

    5/12/09 - Joint Venture / Alliance - View Story

  • MicroStrategy Announces First Quarter 2009 Financial Results

    5/06/09 - Licensing / Contract - View Story

  • Spartan Stores Announces Fiscal 2009 Third-Quarter Financial Results

    2/14/09 - Financial Announcement - View Story

  • Spartan Stores Introduce Greener Egg Cartons

    1/25/09 - Product Announcement - View Story

  • KSS Retail PriceStrat Modeling and Optimization Solution selected by Spartan Stores

    1/08/09 - Licensing / Contract - View Story

News & Analysis

spartan stores inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Dennis Eidson President and Chief Executive Officer
James B. Meyer CEO
David M. Staples Executive Vice President and Chief Financial Officer
Alan Hartline Executive Vice President, Merchandising
Alex J. DeYonker Executive Vice President, General Counsel and Secretary
Derek Jones Executive Vice President, Supply Chain
John Sommavilla Executive Vice President, Supply Chain
Theodore Adornato Executive Vice President, Retail Operations
Brian Haaraoja Vice President, Center Store
Dave Belock Vice President, Real Estate Mgmt
David Couch Vice President, Information Technology
Jeanne Norcross Vice President, Corp Affairs
Linda Esparza Vice President, HR
Ron Anderson Vice President, Fresh Mdsg
Thomas A. Van Hall Vice President, Finance
Tom Berg Vice President, New Business
Ken Kurzyniec Manager Corp Brands
Pete Visser Manager
Dr. Frank M. Gambino Director
Elizabeth A. Nickels Director
Frederick S. Morganthall Director
James F. Wright Director
Kenneth T. Stevens Director
M. Shan Atkins Director
Shan Atkins Director
Timothy J. O'Donovan Director

Board of Directors

Name (plus bio) Position
Craig C. Sturken Executive Chairman
Timothy J. O. Donovan Board of Directors

Dennis Eidson joined Spartan Stores in March 2003 and was appointed President and Chief Executive Officer in 2008. Dennis oversees all marketing, merchandising and store operations. Dennis is a graduate of Michigan State University's Food Management program and has spent his entire career working in the Michigan and Ohio regions grocery industry. Prior to joining Spartan, Dennis was President and Chief Executive Officer of the Great Atlantic and Pacific Tea Company's (A&P) Midwest region, and Assistant General Manager for Nash Finch, Inc's Michigan operations. Dennis was instrumental in implementing successful and disciplined category management principals for A&Ps Farmer Jack retail grocery operations.

Organization Position Status
Spartan Stores, Inc. President and Chief Executive Officer Current
Spartan Stores, Inc. Director Current
Nash-Finch Company Chief Executive Officer Former
The Great Atlantic & Pacific Tea Company, Inc. President and Chief Executive Officer, Midwest Region Former
Nash-Finch Company Divisional President Former
Spartan Stores, Inc. Chief Operating Officer Former
Spartan Stores, Inc. Executive Vice President, Marketing and Merchandising Former
Nash-Finch Company Assistant General Manager Former
Michigan State University Graduate, Food Management Program Former

Mr. Meyer is the past Chairman of the Board and President and CEO of Spartan Stores, Inc. He began serving on the Board of Directors in 2004.

Organization Position Status
Spartan Stores, Inc. CEO Current
Spartan Stores, Inc. President Current
OAK Financial Corporation Board of Directors Current
Hope Network Corp. Board of Directors Current
Spartan Stores, Inc. Director of Retail Accounting Former
Spartan Stores, Inc. Chairman of the Board Former

As Spartan Stores?executive vice president and chief financial officer, Dave Staples oversees information technology, real estate and finance. Prior to joining Spartan, Dave spent four years at the Detroit, Mich.-based Kmart Corporation (NYSE:KM). While at Kmart, Dave worked on various special projects in such areas as systems implementation, process improvement and divestitures as well as oversaw all of the corporate accounting and reporting functions. His most recent responsibilities were as divisional vice president - strategic planning and reporting and included planning and analysis, budgeting, reporting and corporate accounting. Before his tenure with Kmart, Dave served 11 years in the audit and business advisory practice of Arthur Andersen LLP? Detroit office. During his time at Arthur Andersen, Dave functioned as a consultant as well as a business advisor to his clients.

Organization Position Status
Spartan Stores, Inc. Executive Vice President and Chief Financial Officer Current
Arthur Andersen LLP Consultant and Business Advisor Former

Alan Hartline joined Spartan Stores in 2003 as Vice President Retail Merchandising and was most recently appointed to Executive Vice President Merchandising in 2008. Prior to joining Spartan Stores, Alan held the position of strategic business manager at Daymon Worldwide, leading a team in the category development group headquartered in Stamford, Connecticut. Alan also spent two years with A&P's Midwest division where he held positions as Senior Category Manager, Merchandising Program Manager, and Director of Strategic Pricing and Data Integrity. In addition, he spent 15 years with the Kroger Company in various Operations and Merchandising positions. Alan holds a Master's degree in Economics and a Bachelor's degree in Finance from Walsh College.

Organization Position Status
Spartan Stores, Inc. Executive Vice President, Merchandising Current
Spartan Stores, Inc. Vice President, Retail Merchandising Former

Alex J. DeYonker joined Spartan Stores in October 2006 from Warner Norcross & Judd LLP, a 180 lawyer firm, where he had served for four years as Managing Partner and had been a partner since 1988. Alex has served as General Counsel to Spartan Stores since 1995 and as the Companys Secretary since 2000. He was also a Company board member from 1999-2003. His legal experience includes corporate governance, mergers and acquisitions, securities offerings, SEC reporting and a general corporate practice. Alex has been listed for over 10 years in ?he Best Lawyers in America?and is a member of the American Bar Association, the State Bar of Michigan (former Chairperson of the Business Law Section) and the Grand Rapids Bar Association. He graduated cum laude with a J.D. from Wayne State University Law School and holds a B.S. in Psychology with high honors from Michigan State University.

Organization Position Status
Spartan Stores, Inc. Executive Vice President, General Counsel and Secretary Current
Spartan Stores, Inc. Board Member Former

Derek Jones joined Spartan Stores in August 2006 from Unisource Worldwide, Inc., North America? leading independent marketer and distributor of commercial printing and business imaging papers, packaging systems, facility supplies and equipment. While serving as Vice President of Distribution for the company? eastern region covering 35 states, 48 distributions centers and $3 billion in annual delivery sales, he achieved significant distribution network productivity improvements and lowered network operating costs. Prior to Unisource, Derek held various positions in senior level operations management, supply chain operations and distribution with some of the nation? most respected retail store operators including Office Depot, Walgreen? and Wal-Mart. Derek leads the supply chain and logistic areas of Spartan Stores?growing, value-added grocery distribution operation.

Organization Position Status
Spartan Stores, Inc. Executive Vice President, Supply Chain Current
Unisource Worldwide, Inc. Vice President of Distribution, Eastern Region Former
Organization Position Status
Cole's Quality Foods, Inc. President Current
Spartan Stores, Inc. Executive Vice President, Supply Chain Current
Hanson Logistics Current
Western Michigan University member Former
Central Michigan University Bachelor of Science degree in Marketing and Management Former

Ted Adornato joined Spartan Stores in December 2003 as Executive Vice President Retail Operations. Prior to joining Spartan, Ted held the position of Regional Vice President of Tops Markets, L.L.C. Eastern Region, an operating company of the Netherlands based Royal Ahold, one of the largest food retailers in the Netherlands and United States. He has more than 22 years experience in the retail grocery industry and, most recently, 10 years with Tops where he led the successful turnaround of an underperforming operating market, including 22 acquired retail stores. He also held complete operating and profit and loss responsibilities for 62 retail stores. Prior to Tops, he spent 12 years with Acme Markets, Inc. in various managerial positions. Ted holds a Bachelor of Science in Account and Finance from Binghamton University School of Management.

Organization Position Status
Spartan Stores, Inc. Executive Vice President, Retail Operations Current
Acme Markets, Inc. Former
Organization Position Status
Spartan Stores, Inc. Vice President, Center Store Current
Organization Position Status
Spartan Stores, Inc. Vice President, Real Estate Mgmt Current

Dave Couch has accountability for all corporate and retail technology, systems and communications services. Before joining Spartan in 1987, Dave spent nine years with Hewlett Packard in product marketing, data center management and communication network management. He also worked for General Foods Corporation for five years in programming and data center management. With Spartan, Dave has held the positions of communications advisor, corporate communications manager and director of management information services. He assumed his current position in June 1996.

Organization Position Status
Spartan Stores, Inc. Vice President, Information Technology Current
Spartan Stores, Inc. Director of Management Information Services Former
Spartan Stores, Inc. Corporate Communications Manager Former
Spartan Stores, Inc. Communications Advisor Former
Organization Position Status
Spartan Stores, Inc. Vice President, Corp Affairs Current
Organization Position Status
Spartan Stores, Inc. Vice President, HR Current
Organization Position Status
Spartan Stores, Inc. Vice President, Fresh Mdsg Current

Thomas A. Van Hall is the vice president of finance and is responsible for the operations of the finance department, including retail, distribution and corporate accounting; SEC reporting and compliance; budgeting/forecasting; tax planning and compliance; and financial shared services operations. Prior to joining Spartan Stores in March 2001, Tom was vice president, planning and analysis, for the U.S. Foods Supply Chain division of Sara Lee Corp. Previously, he held positions as vice president supply chain, vice president finance/CFO in addition to other financial roles for the Bil Mar Foods division of Sara Lee Corp. Tom began his career at Deloitte and Touche in Grand Rapids. He is a certified public accountant and a member of the Michigan Association of Certified Public Accountants, Financial Executives International and the American Institute of CPAs.

Organization Position Status
Spartan Stores, Inc. Vice President, Finance Current
American Institute of Certified Public Accountants Member Current
Sara Lee Corporation Vice President, Finance/CFO Former
Sara Lee Corporation Vice President, Planning and Analysis, U.S. Foods Supply Chain Division Former
Sara Lee Corporation Vice President, Supply Chain Former
Organization Position Status
Spartan Stores, Inc. Vice President, New Business Current
Spartan Stores, Inc. Director, Marketing Former
Organization Position Status
Spartan Stores, Inc. Manager Corp Brands Current

Array

Organization Position Status
Spartan Stores, Inc. Manager Current
Grand Valley State University Former
Calvin College Former

Craig Sturken joined Spartan Stores in March 2003 and is Executive Chairman. Craig brings more than 40 years of grocery retail and distribution industry experience to Spartan Stores including 10 years as chief executive officer of the Great Atlantic & Pacific Tea Company's Atlantic and Midwest regions. Craig has a wealth of experience in the supermarket industry, with valuable knowledge and skills in both wholesale and retail operations. He spent more than eight years as chief executive officer of A&P's Midwest region, headquartered in Detroit, Michigan, successfully managing the Farmer Jack, Food Emporium, and Kohl's supermarket banners.

Organization Position Status
Spartan Stores, Inc. Executive Chairman Current
Spartan Stores, Inc. Director Current
Right Place, Inc Treasurer Current
Spartan Stores, Inc. Chief Executive Officer Former
The Great Atlantic & Pacific Tea Company, Inc. Chief Executive Officer, Atlantic and Midwest Regions Former
Spartan Stores, Inc. President Former

Dr. Gambino is a Professor of Marketing and the Director of the Food & Consumer Package Goods Marketing Program in the Haworth College of Business at Western Michigan University, and has been on the WMU faculty since 1984. Prior to joining WMU, Dr. Gambino had over 15 years experience in the retail food industry. He is actively involved in the food and consumer package goods industries at both the national and regional level, currently serving on the Retail Site Development Committee for Wakefern Food Corporation of Elizabeth, New Jersey; an advisory committee that reports to the Wakefern Board of Directors. He also serves on an advisory group to the National Grocers Association and the Food Marketing Institute.

Organization Position Status
Spartan Stores, Inc. Director Current
Western Michigan University Faculty Former
Western Michigan University Doctorate Degree In Human Resource Development Former
Central Michigan University Masters Degree In Business Management Former
Western Michigan University Undergraduate Degree In Food Marketing Former

"Ms. Nickels joined Herman Miller in 2000 and prior to this was Chief Financial Officer of Universal Forest Products, Inc., for seven years,"

Organization Position Status
Herman Miller, Inc. Chief Financial Officer Current
Spartan Stores, Inc. Director Current
Universal Forest Products, Inc. Cfo Former
Herman Miller, Inc. Executive Vice President Former
Universal Forest Products, Inc. Vice President of Finance for International Operations Former
Universal Forest Products, Inc. Financial Positions Former

Mr. Morganthall currently serves as President of Harris Teeter, a division of publicly traded Ruddick Corporation (NYSE:RDK), headquartered in Charlotte, North Carolina. Harris Teeter operates supermarkets in North Carolina, South Carolina, Virginia, Georgia, Tennessee, and Florida. Mr. Morganthall has served in senior management positions with Harris Teeter for over 13 years. Prior to becoming President of Harris Teeter, Mr. Morganthall served Harris Teeter in other executive positions. He also held management positions at Spartan Stores where he was responsible for grocery, frozen and dairy, procurement, general merchandise, and health and beauty care from 1978 through 1986. He began his career with Proctor & Gamble.

Organization Position Status
Spartan Stores, Inc. Director Current

Mr. Wright serves as Chairman of the Board, President and Chief Executive Officer of Tractor Supply Company, a farm equipment and supply retailer based in Nashville, Tennessee whose stock is traded on the New York Stock Exchange. Mr. Wright previously served as President and Chief Executive Officer of a 600-store chain of tire stores headquartered in West Palm Beach, Florida. He also held executive positions with K-Mart Corporation, Troy, Michigan and Western Auto Supply Company, Kansas City, Missouri. Mr. Wright brings an experienced career that combines retail strategy, operations and management to Spartan Stores.

Organization Position Status
Spartan Stores, Inc. Director Current
Western Auto Supply Company Executive Former
Organization Position Status
Tween Brands Inc. President Current
Tween Brands Inc. Chief Operating Officer Current
Cost Plus, Inc. Board of Directors Current
Virgin Mobile USA Board of Directors Current
Spartan Stores, Inc. Director Current
Tween Brands Inc. Board of Directors Current
Bath & Body Works CEO Former
Banc One CEO Former
Limited Brands, Inc. CEO Former
Body Works, Ltd. CEO Former
Body Works, Ltd. President Former
inVentiv Communications Inc. President Former
Bath & Body Works President Former
Limited Brands, Inc. Cfo Former
Bath & Body Works Coo Former
Body Works, Ltd. Chief Operating Officer Former
Limited Brands, Inc. Executive Vice President Former
McKinsey & Company, Inc. Partner Former
Banc One Chairman Former
University of Southern California Masters Degree In Business Administration Former
University of Redlands Bachelor of Arts Degree In Philosophy Former
Organization Position Status
Tim Hortons Inc. Board of Directors Current
Shoppers Drug Mart, Ltd. Director Current
Spartan Stores, Inc. Director Current
Harvard University Master of Business Administration Former
Organization Position Status
Spartan Stores, Inc. Director Current
Shoppers Drug Mart, Ltd. Director Current
Team Tim Hortons Director Current
Somethingisbrewing Director Current
Harvard University Master of Business Administration Former
Queen's University Bachelor of Commerce Degree Former
Organization Position Status
Wolverine World Wide, Inc. Chief Executive Officer Current
Hush Puppy Retail Division Chairman Current
Corporate Governance Board of Directors Current
Wolverine World Wide, Inc. Board of Directors Current
Kaydon Corporation Director Current
Spartan Stores, Inc. Director Current
Hush Puppies Company CEO Former
Hush Puppy Retail Division President & CEO Former
Wolverine World Wide, Inc. Chief Operating Officer Former
Wolverine World Wide, Inc. Executive Vice President Former
Wolverine World Wide, Inc. Chairman Former
Michigan State University MBA In Finance, Marketing Former
Iowa State University B.S. Degree In Industrial Administration Former
Organization Position Status
Wolverine World Wide, Inc. Director and Chairman Current
Kaydon Corporation Board of Directors Current
Wolverine World Wide, Inc. Director Current
Spartan Stores, Inc. Board of Directors Current

Executive News

  • New outfit for Tween: Dress Barn to acquire New Albany company; headquarters, distribution center to stay here

    TradingMarkets - 6/26/09 - View Story

  • Herman Miller, Inc., Announces the Acquisition of Nemschoff, Inc.

    CNBC - 6/24/09 - View Story

  • Spartan Stores Releases 4Q and Fiscal 2009 Financial Results

    TradingMarkets - 5/17/09 - View Story

  • Spartan Stores Posts 4Q Financial Results

    TradingMarkets - 5/17/09 - View Story

  • Spartan Stores expands deployment of MicroStrategy's BI software

    TradingMarkets - 5/15/09 - View Story

  • Spartan Q4 Profit Rises; Readies for Launch of Glens Customer Loyalty Card

    Progressive Grocer - 5/14/09 - View Story

  • Spartan Stores Announces Fourth Quarter and Fiscal 2009 Financial Results

    DiGiTAL50 - 5/13/09 - View Story

  • UPDATE 1-Spartan Stores Q4 profit beats Street

    Reuters - 5/13/09 - View Story

  • Spartan Stores (SPTN) Reports Mixed Q1 Results; CEO Comments on Outlook, Details Steps to Reduce OpEx

    Street Insider - 5/13/09 - View Story

  • Spartan Stores Announces Fourth Quarter and Fiscal 2009 Financial Results

    Reuters - 5/13/09 - View Story

  • Spartan Stores Announces Fourth Quarter and Fiscal 2009 Financial Results

    Street Insider - 5/13/09 - View Story

  • Spartan Stores Announces Fourth Quarter and Fiscal 2009 Financial

    Business Wire via MSN Money - 5/13/09 - View Story

  • Spartan Stores Announces Fourth Quarter and Fiscal 2009 Financial Results

    RBC Dain Raushcer - 5/13/09 - View Story

  • Spartan Stores Expands Deployment of MicroStrategy for Enhanced Store and Operational...

    Reuters - 5/13/09 - View Story

  • Spartan Stores Expands Deployment of MicroStrategy for Enhanced Store and Operational Reporting

    Stockwatch - 5/13/09 - View Story

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     SPTN $11.95 -0.34 (-2.77% )
Average Volume 244,157
Shares Outstanding 22.17M
Market Cap 265.0M
Year High 28.196
Year Low 11.54
Earnings Per Share N/A
P/E Ratio -
Dividend N/A
Yield N/A
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