Unified Grocers said Wednesday Richard J. Martin, EVP, finance and administration, and CFO, is retiring after 18 years with the Los Angeles-based member-owned cooperative, effective immediately.Succeeding him as EVP and CFO will be Michael F. Henn, who is joining Unified after serving as managing director of R.E. Stangeland Enterprises, San Marino.
Before Martin joined Unified, he spent 10 years with Rykoff-Sexton, where he ultimately held the title of EVP and CFO, after 21 years with Arthur Andersen.
According to Bob Ling, Unified president and CEO, “When I became CEO [in mid-2013], I asked Rich to stay on for a while to provide guidance, continuity and support to the organization. That he has stayed on well beyond expectations is a reflection of his commitment to Unified’s success and his respect for the people and members that make this company what it is.”
Ling said Martin will continue to serve as an adviser to Unified.