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Grocery chain ousts CEO

Supervalu Inc. fired its CEO and tapped chairman Wayne Sales to lead its turnaround, just weeks after the grocer reported dismal quarterly results and suggested it might put itself up for sale.

Supervalu Inc. fired its CEO and tapped chairman Wayne Sales to lead its turnaround, just weeks after the grocer reported dismal quarterly results and suggested it might put itself up for sale. The Eden Prairie, Minnesota-based operator of Albertson's and Jewel-Osco said Craig Herkert, who was brought in as CEO in 2009, was told of his firing Sunday.