Wegmans Food Markets Names Colleen Wegman as its New President and CEO
ROCHESTER, NY – There are some shakeups coming to the leadership of Wegmans Food Markets, with the chain is keeping with its traditional family run set-up. As Danny Wegman transitions to Chairman of the company, his daughter, Colleen Wegman will take up his role of CEO.
“I will continue in my role, but now as Chairman of the company,” said Danny Wegman, who was first named President of the company in 1976. “The time has come to create a structure for the future that will allow us to remain strong, vibrant and family-owned. I have no doubt that our company will be in good hands.”
Colleen will now act as the fourth-generation CEO of Wegmans moving forward, in addition to her current role as President. Colleen first joined the Wegmans legacy in 1991. According to a press release, she was named President of the company in 2005 by her grandfather, the late Robert B. Wegman, who simultaneously appointed her father as CEO from President. Colleen’s younger sister, Nicole, is currently Senior Vice President at the company.
The Buffalo News reported that in her previous roles with Wegmans, Colleen was integral to the development of the chain’s Nature’s Marketplace concept. Helping to differentiate the banner, the store-within-a-store concept grouped healthy, natural, and specialty foods in one place.
Colleen graduated from the University of Colorado with a Sociology degree. According to the Democrat and Chronicle, she later earned a Master’s Degree in Business Administration from the University of Rochester. She also has gained experience from time serving as Chairman of the United Way of Greater Rochester’s Board of Directors.
As Wegmans continues to expand its footprint, stick with AndNowUKnow for all the latest in buy-side executive shakeups and announcements.