1939 Group Inc. has promoted Todd Schnuck Jr. to chief financial officer for 1939 Group and the holding company’s operating companies — Festival Foods, Hometown Grocers Inc. and Schnuck Markets Inc.
Schnuck succeeds David Bell and will report directly to him, following Bell’s transition to president of 1939 Group late last year. In this enterprisewide leadership role, Schnuck will oversee the finance, accounting and process performance and optimization functions across the multibanner portfolio.
“Todd brings a uniquely well-rounded perspective to the CFO position, blending top-tier senior leadership experience across corporate strategy, finance and merchandising, with deep, hands-on knowledge of our daily business operations,” Bell says. “Managing our financial responsibilities alongside the evolution of our broader enterprise has been an honor, and I am thrilled to officially hand the financial leadership over to Todd. I look forward to partnering with him in this new capacity and have absolute confidence that his leadership and strategic vision will keep our financial foundation incredibly strong as we navigate this next chapter for our family of companies.”
Schnuck steps into this leadership role during a period of strategic integration and growth for the grocery collective, following the establishment of 1939 Group and its acquisition of Festival Foods and Hometown Grocers in fall 2025. Together, the combined enterprise encompasses 163 stores in four states, supported by nearly 19,000 total teammates and associates.
“I am incredibly energized by the opportunity to step into the role of chief financial officer for 1939 Group and our family of banners during such an important time for our business,” Schnuck says. “Our focus is clear: ensuring our finance, accounting and PPO operations enable our retail teams to successfully serve our customers and guests. I’m looking forward to working closely with David and leading a very talented group of financial professionals as we continue to build an organization that ensures long-term stability, drives sustainable growth and empowers our entire workforce to succeed.”
Schnuck joined Schnuck Markets in 2021 as senior director of strategic planning and business development, where he led the company’s enterprise planning process and drove key business development and growth initiatives. He then transitioned to store operations as a division leader, overseeing 15 stores in metropolitan St. Louis and central Illinois.
Most recently, Schnuck served as vice president, Own Brands and merchandising chief of staff. In this role, he not only drove the strategy for the company’s dynamic 5,500-plus SKU private brand portfolio but also critically supported the execution of Schnucks’ broader merchandising strategy — aligning cross-functional priorities and managing high-impact projects across the department.
Prior to joining Schnucks, he held a number of leadership roles with technology and food companies, most recently at Afresh Technologies, where he served as vice president of operations. He began his professional career in management consulting and private equity with positions at both McKinsey & Co. and Madison Dearborn Partners.
Schnuck is a fourth-generation member of the Schnuck family and the great-grandson of company founder Anna Donovan Schnuck. He was the third member of this generation to be appointed to the company’s senior leadership team.
Schnuck holds a master’s degree in business administration from the Stanford University Graduate School of Business. He also graduated from Williams College, where he earned a bachelor’s degree in economics and Spanish.
Schnuck lives in St. Louis with his wife and three children and serves on the St. Louis Children’s Hospital Foundation board of trustees.
