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February 13, 2016 12:48 AM ET

Food and Staples Retailing

Company Overview of The Golub Corporation

Company Overview

The Golub Corporation, through its subsidiaries, operates discount supermarkets and pharmacies. It offers products in the areas of pharmaceuticals, meat, flowers, cheeses, seafood, and deli products. The company also offers its products online. The Golub Corporation was founded in 1932 and is based in Schenectady, New York. The company has locations in Connecticut, Massachusetts, New Hampshire, New York, Pennsylvania, and Vermont.

461 Nott Street

Schenectady, NY 12308-1812

United States

Founded in 1932

Phone:

518-355-5000

Fax:

518-379-3515

Key Executives for The Golub Corporation

Chief Executive Officer and President
Age: 56
Executive Chairman and Chairman of Price Chopper
Chief Financial Officer, Senior Vice President of Finance and Treasurer
Chief Information Officer and Senior Vice President
Vice President and Treasurer
Compensation as of Fiscal Year 2015.

The Golub Corporation Key Developments

Golub Corp. Announces Executive Changes

Scott Grimmett has been named CEO of Golub Corp., taking over for Jerry Golub. Grimmett, 57, has led the transformation of Price Chopper to the Market 32 brand. Grimett was named company president in 2015. In his new role, he will be responsible for day-to-day operations and influence the strategic direction of the company. He will report to the board of directors through Neil Golub, who remains executive chairman. Jerry Golub, 57, will be vice chairman of the board, leading a finance committee.

The Golub Corporation Promotes Scott Grimmett to President and Chief Operating Officer

The Golub Corp. announced that Scott Grimmett, who has served as chief operating officer of the Schenectady, New York company since January 2012, has been promoted to president and chief operating officer. Grimmett will continue to report to CEO Jerry Golub. And Neil Golub remains executive chairman of the board of the region's privately-held company. Before joining the Golub Corp., Grimmett spent 37 years with Safeway, including nine years as president of its 143-store Denver division.

Price Chopper to Cut about 80 Jobs in Schenectady, New York

Price Chopper has eliminated about 80 positions from its administrative workforce in Schenectady, New York, as the supermarket chain contends with higher costs, fierce competition and other challenges. The job cuts come through layoffs and attrition and include management, field, clerical and administrative support employees. Laid off employees are being given severance packages, extended benefits and job placement services. No store-level positions were cut. No store-level positions were cut.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 17, 2015
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