Allegiance Retail Services LLC and Foodtown Inc. announced that Daniel Katz has been elected by the board of managers of Allegiance and the board of directors of Foodtown to serve as the chairman and chief executive officer of Allegiance and Foodtown. He succeeds David Maniaci, who recently resigned.
Katz is the co-president and CEO of PSK Operating LLC, a long-time member of Allegiance and Foodtown, which through affiliated companies owns and operates 13 supermarkets in New York under the Foodtown, Freshtown and Pathmark banners.
"In the last 10 years, Allegiance, Foodtown and its other banners have seen tremendous growth increasing from 70 stores to over 110 stores today, and we will remain in a very strong position to continue to grow into the future,” said Katz.