Wegmans is keeping its business in the family. CEO Danny Wegman has named his daughter Colleen as President and CEO of Wegmans Food Markets, Inc., while he stays on as Chairman.
Colleen Wegman joined the family-owned company in 1991. She has held numerous positions in the company, including store manager, director of e-Commerce and vice president. She was named president by her late grandfather Robert B. Wegman in 2005.
Danny Wegman became president of the company in 1976, and was promoted to CEO the same year Colleen became president.
“The time has come to create a structure for the future that will allow us to remain strong, vibrant and family-owned,” said Danny Wegman in a statement. “I have no doubt that our company will be in good hands.”
Wegmans is currently in the midst of expansion plans that were announced in August 2016. The company is planning a significant push into North Carolina including opening multiple locations in the Raleigh-Durham area.