Supervalu CFO Pamela Knous to leave this month, company hires firm to find replacement

Supervalu CFO Knous to leave this month

MINNEAPOLIS — Supervalu Inc. says its chief financial officer, Pamela K. Knous, is leaving the grocery company to pursue other interests.

The company said in a news release Tuesday that Knous, 56, will be available to help with the transition after stepping down as CFO on Friday.

The company has hired a search firm to find a replacement. It expects to have the slot filled by the time it reports second quarter results in October.

Sherry M. Smith, currently senior vice president of finance will be the interim replacement.

Knous worked for the company for almost 13 years.

Earlier Tuesday, Supervalu said its first-quarter net income fell 40 percent as rising competition cut into sales.

Shares of Supervalu rose 3 cents to $11.61 in morning trading Tuesday.