October 22, 2016 1:45 PM 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





Key Executives for The Golub Corporation

Chief Executive Officer and President
Age: 57
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 2016.

The Golub Corporation Key Developments

Price Chopper Cuts 47 Administrative Jobs in Schenectady

Golub Corp. announced that 47 employees were laid off at the company, as the company continues to make big investments, and hire new workers, to convert its stores from Price Chopper to the Market 32 brand. The company said that the employees were spread across various departments at the company headquarters on Nott Street. They received severance packages that included one week of pay for every year served, fringe benefits and out-placement job service.

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.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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