Shopko announced that retail industry veteran Peter McMahon has been selected as its new chief executive officer.
McMahon joins Shopko with an international retail career that spans more than 30 years. McMahon most recently served as the chief operating officer at Loblaws, Canada’s largest food retailer, with more than $30 billion in sales.
“We are fortunate to have such a successful and distinguished retail executive like Peter McMahon join the Shopko team,” said T. Scott King, senior managing director for Sun Capital Partners Inc., the private equity firm that owns Green Bay-based Shopko. “Peter is highly collaborative and has an outstanding track record of driving results and solving complex business problems. His extensive Supply Chain experience will be a tremendous asset as Shopko continues to grow its Shopko Hometown store format which serves smaller, rural markets. Peter will be an excellent addition to lead the already strong executive team at Shopko.”
McMahon said, “I am delighted to be joining the talented team at Shopko and consider it a privilege to be given this opportunity to lead their top-notch and experienced senior leadership group, as well as a committed and hard-working supporting team, both at headquarters and in the field. Shopko has established and is executing a winning strategy to provide a broad general merchandise offering with best-in-class quality retail health services to smaller underserved markets. I’m extremely optimistic about the company’s future potential and am eager to get to work.”
Shopko is a $3 billion retailer that operates almost 350 stores in 22 states throughout the Midwest, Mountain, North Central and Pacific Northwest regions.