Skokie, Illinois-based Topco Associates announced the retirement of Steven K. Lauer as president and CEO. Lauer, who was promoted from chief financial officer to president/CEO in 1999 — retired after 19 years of service with the company.
Under Lauer’s leadership, Topco’s membership has grown to 51 retail, wholesalers and food service member-owners that collectively represent more than $125 billion in sales, Topco said. In the most-recently completed year, Topco’s member-owners purchased more than $11.3 billion in goods and services through Topco’s 10 programs.
“Topco has grown significantly and developed into a leader in the private label industry because of Steve’s leadership,” said Steve Smith, chairman of Topco and president and CEO of Abingdon, Va.-based K-VA-T Food Stores Inc. “I would like to thank Steve for his many years of service to Topco and Topco’s member-owners.”
Randall J. Skoda, executive vice president of Topco, will serve as the company’s interim president and CEO, Topco said.