Head of Iowa-Based Grocery Chain Stepping Down
Randy Edeker, who has been the CEO of the Iowa-based Hy-Vee grocery chain, is reportedly stepping down from his post after 10 years.
KCRG says Edeker has named Hy-Vee vice chairman and president of the company’s supply chain and subsidiaries, Aaron Wiese, as his successor.
Aaron is ready to help me lead the company as chief executive officer,” Edeker said. “He has a strong vision for the total breadth of our company and is extremely knowledgeable in many areas. With Aaron as CEO, Hy-Vee continues to be positioned for incredible growth and innovation.
No reason was given for Edeker's decision to step down as CEO, but he will remain on as chairman of the board. Edeker made a bit of news recently after laying off hundreds of employees, including several front office staff, while also saying "this office does nothing".
WeAreIowa printed an itemized of recent layoff announcements under Edeker's watch, within the West Des Moines-based company's workforce.
- In March, they said 102 of 121 affected employees were offered new jobs
- In April, the company bought a full-page newspaper ad to say they were looking to transition up to 500 corporate employees to retail jobs
- In May, they said another 57 jobs were cut from their IT, engineering, equipment real estate, and construction departments
In some circles, the company was criticized for sponsoring an IndyCar racing weekend in Newton, which featured two races and several high-profile concerts including Tim McGraw, Florida Georgia Line, Blake Shelton, and Gwen Stefani at Iowa Speedway in Newton the weekend of July 22-24.
Edeker defended this event by saying: "we feel like Hy-Vee should be investing in small-town Iowa right now. We should be out helping them grow, finding something that we can be proud of, and put together three or four days that will be great for the city".
That event saw the company invest $10 million.