WALKER — Meijer Inc. President Rick Keyes has been promoted to the role of CEO of the privately-held grocery retailer.
In announcing the promotion today, the company said Hank Meijer, who had previously served as chief executive, will become executive chairman of the company’s board, according to a statement.
“We have witnessed Rick's deep understanding and appreciation of our culture and his passion for the people who make Meijer a great company,” Meijer said in the statement. “His accomplishments throughout a 27-year career and his leadership as President for more than a year now give us tremendous confidence in the future as he assumes a new title that better reflects his responsibilities.”
The promotion to CEO for Keyes marks a departure for the retailer that now operates in six states and generates more than $15 billion in annual revenues, according to reports.
Traditionally, the role of CEO has been held by a Meijer family member while a non-family member had occupied the role of president. However, the company now wishes to “align the roles more accurately with current responsibilities,” according to the statement.
Before being named president in October 2015, Keyes served as vice president of supply chain and manufacturing since 2006, overseeing expansions into dairy production and implementing near-zero emission trucks, as well as increasing the use of lean distribution technologies.