A&P Appoints Frederic F. Brace Chief Administrative Officer, A New Position

The Great Atlantic & Pacific Tea Company, Inc. (A&P) has announced the appointment of Frederic F. ("Jake") Brace to the new position of Chief Administrative Officer (CAO), effective immediately. Brace will oversee A&P's Finance and Accounting, Real Estate and Information Systems departments, reporting to President and Chief Executive Officer Sam Martin.

Martin said, "Over the last year, Jake Brace has provided critical insight to the Company on a range of important issues as a member of our Board of Directors. I am pleased that he has agreed to join A&P's executive management team and am confident that his strategic and financial expertise and successful turnaround experience will be extremely valuable as we take the steps necessary to position the Company for a strong future."

Brace, 52, has more than 25 years of financial management, strategic planning and operational experience. During a 20-year career at United Airlines, he held a variety of executive management positions, most recently as United's Executive Vice President and Chief Financial Officer from 2002 until his retirement in 2008. He also served in a number of financial management positions with American Airlines. Brace holds a B.S. degree in Industrial Engineering from the University of Michigan, and a Master's degree in Business Administration from the University of Chicago.

This appointment is the latest addition to a new executive team currently being assembled under President and CEO Sam Martin, including the appointments of Paul Hertz as A&P's Executive VP of Operations and Carter Knox as Senior VP of Human Resources & Communications.