Greg Sandeno, president and chief executive officer of C&K Market Inc., will be leaving the company, effective Jan. 31. This announcement came one week after the company laid off about half of its corporate staff members in Brookings and Medford, OR.
The company, which operates 45 grocery stores under the banners of Ray’s Food Place, Shop Smart and C&K Market, entered into a voluntary re-organization filing in late November. Sandeno had agreed to assist the company through this process and will remain on for a few additional months in a consulting role to assist the company through the finalizing of its restructure plan.
Day-to-day operations of the company will be jointly handled by Edward Hostmann, current chief restructuring officer, and Rocky Campbell, vice president of operations, until a permanent CEO is named by the company.
Last week, liquidation of merchandise was completed in 15 stores slated for sale or closure.
With fewer stores, C&K said it did not need as many people in its corporate offices. Positions were cut in all departments with a focus on streamlining operations to provide essential support to stores, as well as corporate continuity.
“Entering Chapter 11 was a difficult decision for our family,” Doug Nidiffer, chairman of the board, said in a press release. “These layoffs are particularly difficult, as many of these employees have worked for our company for many years. We appreciate their dedication and hard work and are saddened that we have to lay them off. We are making good progress and will emerge from bankruptcy this year as a stronger company.”
Lay off dates will vary depending upon the position. C&K’s human resources department will assist laid off employees in their job searches, including connecting them with state workforce agencies. No further reductions in the C&K workforce are planned.