(May 9) Grocery distributor and retailer Supervalu Inc., Eden Prairie, Minn., has announced the coming retirement of Bill Moran, the founder, president and chief executive officer of the firm’s Save-A-Lot extreme value chain.

Until his retirement in September, Moran will serve as Save-A-Lot’s vice chairman.

Supervalu has also named Moran’s successor -- current Save-A-Lot executive vice president and chief operating officer Bill Shaner.

"Bill Moran has been the visionary force for Save-A-Lot and the industry," said Supervalu chairman and CEO Jeff Noddle, in the announcement. "He has guided Save-A-Lot’s emergence as a national chain, with more than 1,100 stores from coast to coast."