Bashas' president retires after 40 years - East Valley Tribune: News

Bashas' president retires after 40 years

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Posted: Monday, September 21, 2009 4:07 pm | Updated: 12:45 am, Sat Oct 8, 2011.

Bashas' President and Chief Operating Officer Mike Proulx has retired after more than 40 years with the company, according to an official with the Chandler-based supermarket chain.

Spokeswoman Kristy Nied did not directly say if Proulx's retirement was related to the company's Chapter 11 reorganization, but she said "he made the decision to retire."

The resignation, announced on Thursday, was effective immediately.

Bashas' here to stay, family says

He was replaced on an interim basis by Darl Andersen, the company's former chief financial officer, who returned to the company last month to help with its reorganization as chief restructuring officer.

Andersen had worked for Bashas' for more than 25 years before retiring several years ago. He intends to remain through the reorganization and then will be replaced by a permanent COO, Nied said.

She had no further information on the search for a permanent replacement.

In mid-July Bashas' filed for Chapter 11 bankruptcy protection, citing the weak economy and other factors. The company has announced the closing of 29 underperforming stores out of 158 as the firm attempts to cut costs.

Most recently, four stores closed on Sept. 12, including one in Chandler and two Food City stores in Mesa. Nine more are scheduled to close Oct. 10, and the company is negotiating to sell one in Willcox.

Bashas' still expects to emerge from Chapter 11 early next year, Nied said.

Proulx started with the company as a grocery bagger, moving up to the second-highest executive position under Chairman and Chief Executive Eddie Basha Jr.

During Proulx's tenure as president he helped to expand the chain in northern Arizona, opening the first Bashas' store in Sedona and establishing Dine markets on Indian reservations, Nied said.

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