Save A Lot has named Bill Mayo, current chief operating officer, to the role of chief executive officer as current CEO Fred Boehler steps back from management of day-to-day operations.
Boehler will remain active in an advisory role to both Mayo and the board of directors over the coming months, according to a news release.
Mayo joined Save A Lot in March 2024 and was promoted to chief operating officer in October 2024, with oversight of the merchandising, marketing, new business development, sales and retail operations teams. Prior to Save A Lot, he spent 29 years at Wakefern Food Corporation, the largest retailer-owned cooperative in the U.S. There, Mayo served as chief administrative officer, leading strategic business initiatives that drove significant efficiencies by leveraging analytics of store-level demand management and increasing sales and net gross profit for the company’s international wholesale sales division. Mayo’s experience at Wakefern crosses multiple departments, including logistics, merchandising, operations, technology, procurement and category management, the release says.
“As I step back from daily management of the Save A Lot business, I’m confident that Bill is the right leader to help steer the company through to its next phase of growth,” says Boehler, who joined the Save A Lot board of directors in 2021 and has served as CEO since October 2023. “Bill has played a key role in resetting the company’s go-forward strategy and reclaiming Save A Lot’s value and retail leadership as both a wholesaler and an operator. I will be thrilled to watch the team’s continued success as the initiatives we’ve launched gain momentum.”
“The Save A Lot board of directors is grateful to Fred for his leadership, first as a member of the board and more recently as CEO. His continued work as an adviser will be invaluable,” says Mike Motz, chairman of the board. “We are also excited to expand our collaboration with Bill, who has demonstrated over the last 18 months strong expertise in both wholesale and retail. He will be a tremendous partner for the board and for Save A Lot retail partners alike.”
“I’m honored to serve alongside our experienced and talented team who work hard every day to deliver outstanding value and quality groceries to neighborhoods across the country,” Mayo says. “I love this brand and what it represents for our retailers and especially our customers. Save A Lot has a unique industry positioning, and we’re poised to deliver a new era of growth.”
