1939 Group Inc. has promoted Todd Schnuck Jr. to CFO for 1939 Group and its operating companies – Festival Foods, Hometown Grocers Inc. and Schnuck Markets Inc.
Schnuck succeeds David Bell as CFO and will report directly to him, following Bell’s transition to president of 1939 Group late last year.
In this enterprise‑wide leadership role, Schnuck will oversee finance, accounting and process performance and optimization functions across the multi‑banner portfolio. The combined enterprise encompasses 163 stores in four states, supported by about 19,000 total teammates and associates.
“Todd brings a uniquely well‑rounded perspective to the CFO position, blending top‑tier senior leadership experience across corporate strategy, finance and merchandising, with deep, hands‑on knowledge of our daily business operations,” Bell said.
“Managing our financial responsibilities alongside the evolution of our broader enterprise has been an honor, and I am thrilled to officially hand the financial leadership over to Todd. I look forward to partnering with him in this new capacity and have absolute confidence that his leadership and strategic vision will keep our financial foundation incredibly strong as we navigate this next chapter for our family of companies.”
Schnuck joined Schnuck Markets in 2021 as senior director of strategic planning and business development, later transitioning to store operations as a division leader overseeing 15 stores in Metropolitan St. Louis and Central Illinois. Most recently, he served as VP of Own Brands and merchandising chief of staff, driving strategy for the company’s 5,500‑plus SKU private brand portfolio.
Prior to joining Schnucks, he held leadership roles at Afresh Technologies as VP of operations and began his career in management consulting and private equity at McKinsey & Company and Madison Dearborn Partners.
“I am incredibly energized by the opportunity to step into the role of chief financial officer for 1939 Group and our family of banners during such an important time for our business,” Schnuck said.
“Our focus is clear: ensuring our finance, accounting and PPO operations enable our retail teams to successfully serve our customers and guests. I’m looking forward to working closely with David and leading a very talented group of financial professionals as we continue to build an organization that ensures long‑term stability, drives sustainable growth, and empowers our entire workforce to succeed.”
Schnuck is a fourth‑generation member of the Schnuck family and great‑grandson of company founder Anna Donovan Schnuck. He holds an MBA from Stanford University Graduate School of Business and a bachelor’s degree in economics and Spanish from Williams College.
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