Peter McMahon appointed as Shopko CEO

GREEN BAY, Wis. — The former COO of Canadian grocery chain Loblaws has been named mass-merchandise retailer Shopko's new CEO, the company said Monday.

Shopko announced the appointment of Peter McMahon, who was responsible for Loblaws' supply chain, information technology, human resources, labor relations, merchandising, store operations and loss-prevention functions. Before Loblaws, he served in various positions at Walmart in Germany and Japan and Tesco in central Europe. McMahon will replace COO Mike Bettiga, who was appointed as interim CEO in October 2012 after the departure of Paul Jones.

"We are fortunate to have such a successful and distinguished retail executive like Peter McMahon join the Shopko team," said T.S. King, senior managing director of Sun Capital Partners, the investment firm that owns Shopko. "Peter is highly collaborative and has an outstanding track record of driving results and solving complex business problems. His extensive supply chain experience will be a tremendous asset as Shopko continues to grow its Shopko Hometown store format, which serves smaller, rural markets."