Stop & Shop president Mark McGowan is stepping down

McGowan will pursue "new opportunities" as the Quincy-based grocery chain "embarks on the next phase of its transformation."

Gordon Reid and Mark McGowan
Gordon Reid and Mark McGowan –Courtesy of Stop & Shop

After nearly three decades with the company, Stop & Shop President Mark McGowan is moving on.

Ahold Delhaize, the Quincy-based grocery chain’s Dutch parent company, announced Monday afternoon that McGowan has decided to leave the organization. Stop and Shop spokeswoman Jen Brogan said that McGowan is not retiring, but “felt it was time to pursue new opportunities.” At the request of the company, he will stay with Stop & Shop through the end of the year to “ensure a seamless transition.”

McGowan will replaced by Gordon Reid, who is currently the president of Giant Foods, the mid-Atlantic sister company of Stop & Shop. An international retail industry veteran, Reid will begin transitioning to his new role in the coming weeks and officially take over in late July, according to Ahold Delhaize.

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The change comes during a time of technological transformation for the retail food industry. It also comes less than two month after a disruptive 11-day strike by Stop & Shop workers in New England. Brogan said McGowan’s decision to leave the company had no relation to the strike.

“I’m grateful for our associates who are incredibly dedicated to serving our customers every day, and I’m extremely proud of all that we have accomplished together,” McGowan said in a statement Monday. “As Stop & Shop embarks on the next phase of its transformation, now is the right time for me to make this change.”

McGowan first joined Stop & Shop as a manager trainee in 1991, before moving up the ranks of Ahold Delhaize’s American brands. As president, he oversaw last fall’s launch of the company’s “Reimagine Stop & Shop” initiative.

Kevin Holt, the CEO of Ahold Delhaize USA, thanked McGowan for his “tireless service” Monday and said he has full confidence that Reid will continue the transformation by “repositioning the business for future success and rebuilding customer loyalty.”