Business

The Shaw’s and Star Market supermarket chain has a new president

Globe Staff File Photo: David Kamerman
Globe Staff File Photo: David Kamerman

New Albertson’s Inc., the Idaho-based operator of supermarket chains, said that Jim Rice, currently interim president of the company’s Chicago-based Jewel-Osco division, will be the new president of the company’s Shaw’s & Star Market division, which has many stores in Massachusetts.

Rice succeeds Shane Sampson, who will now lead the Jewel-Osco division, the company said.

In a statement announcing Rice’s appointment, New Alberston’s chief operating officer Justin Dye said: “Over the last year, our leadership team at our Shaw’s division has reinvigorated our stores. They’ve worked hard over the past year to restore the tradition of excellence that made Shaw’s and Star Markets the grocer of choice in New England, and our team there has a renewed sense of pride.”

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Shaw’s and Star Market have 155 stores and 18,500 employees in five New England states.

New Albertson’s currently operates 1,075 stores in 29 states under such nameplates as ACME, Albertson’s, Jewel-Osco, Lucky, Shaw’s, Star Market, and Super Saver.

New Albertson’s is owned by the investment firm Cerberus Capital Management, (which also owns Steward Health Care System, a local community hospital network).

Just about a year ago, an investor group led by Cerberus bought several supermarket chains including Shaw’s and Star Market.

Under its previous owner, Shaw’s and Star Market struggled, losing market share, a Globe story from January 2013 noted.

On Thursday, it was announced that the California-based supermarket chain Safeway had agreed to be acquired by an investment group led by Cerberus in a deal worth about $7.64 billion in cash; pending other transactions, that price could top $9 billion, the Associated Press reported. The deal has the potential to bring together Safeway and Albertsons.

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