PCC Community Markets Appoints New President and CEO
- CCP Community markets announced on Friday that krishnan Srinivasan took over as his new CEO.
- Srinivasan moved into the executive role after serving as chief financial officer of the Seattle-based co-op for nearly four years. In addition to his time at CCP, he has experience in senior financial and strategic positions at Lyft, Amazon and Microsoft to its responsibilities at the head of the cooperative.
- Srinivasan is the seventh president of the cooperative in nearly 70 years of history. He steps into the role as Suzy Monford abruptly left last summer after a short tenure at the helm of the company.
Overview of the dive:
CCP has chosen a new chef who already knows the business of the company well business performance and strategy.
by Srinivasan this appointment follows short terms of the cooperative’s two previous CEOs. Kroger Veteran Monford stepped down in August after just eight months as CEO and chairman. Her predecessor, Cate Hardy, left CCP after just over five years to become the Managing Director of The Wine Group.
Monford faced controversy when she opposed the city’s $4-an-hour hazard pay ordinance early last year. The cooperative reversed its position and implemented a $4 hourly premium for all hourly workers in its fleet.
Brad Brown, a former CCP board member who served as interim CEO before Monford’s appointment, temporarily ran the company while the board searched for him. Monford currently runs Seattle-based global retail consulting firm Food Sport International, which she founded last August, according to her LinkedIn.
By announcing by Srinivasan appointment to the highest positions, CCP noted that it helped the company meet the challenges posed by the pandemic and supported the opening of four sites. The cooperative also highlighted its more than 25 years of leadership experience “with a strong track record of delivering results in creating and scaling operating processes, leading financial planning and driving business strategy.”
Before coming to CCP, Srinivasan was chief financial officer at with moderation, a Seattle-based financial services company, for 2.5 years, and prior to that was Chief Product Officer and Strategic Advisor to the CEO of Rover.com, an online marketplace for pet care services from company, according to his LinkedIn.
Previously, he served as Vice President of Finance at Lyft for most of 2014 and spent nearly eight years at Amazon, where he rose through the ranks from CFO to CFO of the company’s operations in Japan and then India. As Chief Financial Officer of Amazon India, he helped lead the company’s online market expansion and worked with the leadership team on hiring and development.
“It has been a rare privilege to serve the co-op as Chief Financial Officer, and I am honored by the Board’s decision to hand over the future leadership of CCP under my responsibility as CEO”, Srinivasan said in a statement, noting that it will work with staff, co-op members and neighbors on a “strategic plan for CCP long term future. »
Srinivasan noted that he and his family became members of the cooperative more than two decades ago.
The co-op’s board conducted the five-month research with support from co-op management and consulting firm Korn Ferry, according to the announcement.