Private investment firm Comvest Partners acquires the financially troubled e-retailer, which filed for Chapter 11 bankruptcy protection in March.
And the old president takes over as co-CEO.
Midwestern retail chain and online retailer Meijer Inc. has appointed J.K. Symancyk as company president, replacing Mark Murray, effective Feb. 3. The retailer also says Murray will become co-CEO, working with CEO Hank Meijer. Symancyk, responsible for daily operations, will report to Murray and Meijer.
Meijer hired Symancyk in 2006 as vice president of perishables. A year later he become executive vice president of merchandising and marketing, and then was promoted to chief operating officer in 2012.
"Having worked with J.K. in his different roles here at Meijer, we are very confident he is the right leader to help continue our path of growth and expansion," Meijer says. "We are also delighted that Mark Murray will remain a valuable partner in the continued growth of Meijer. Mark and his team have done a tremendous job and have positioned Meijer well for the future."
Murray also becomes vice chairman of the board.
Meijer, based in Michigan, operates 199 stores. The chain is No. 298 in the Internet Retailer Top 500 Guide.